Bitcoin will be legally accepted in every country in the next 10 years?

Janation

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Quote from: Zionatin on August 31, 2019, 09:37:11 PM

What does "legally accepted" mean. Things don't need to be made legal. lol

Its use will increase more and more as time passes and I believe with payment methods that support crypto along fiats things will get better and maybe fiat users will become curious.

There is coinpayments too which works great and allows multiple currencies. The easier it becomes to spend crypto the better.

I also think it don't need to be legalized.

If the government did not legalized these cryptocurrencies, that means they do not care about it and the people in their country using it. Government has nothing to do with the scams that will happen with them, they are not protected by the government. I think before cryptocurrencies, mobile payments will be the first one to popularize.

Zionatin

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What does "legally accepted" mean. Things don't need to be made legal. lol

Its use will increase more and more as time passes and I believe with payment methods that support crypto along fiats things will get better and maybe fiat users will become curious.
There is coinpayments too which works great and allows multiple currencies. The easier it becomes to spend crypto the better.

seanskie18

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SOL.BIOKRIPT.COM

Hopefully, it depends on the countries because most of the country's government is very strict, there are many considerations and qualifications to legalize Bitcoin. But, I'm fully positive in Bitcoin that it will happen. Sooner, they will realize that Bitcoin is very reliable especially to ecosystem financial.

nankers

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Bounty Hunter Indonesia

Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

I don't think so because to make bitcoin legal in a country is not easy. There are many considerations of a country's government to legalize bitcoin into the currency used for each transaction. In my opinion, what is certain to happen is that bitcoin will grow further as technology develops

bryant.coleman

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Quote from: ?? on ??

Most of the small countries will legalize its usage, most of the opposition will come from the growing economies. Very few countries can be same as that of Japan, giving good support and pushing international business transactions through cryptocurrency. This is a way of keeping them advanced and government too is educating people about the digital growth. Hope to see more countries having similar level of acceptance of cryptocurrency in the coming years.

Japan and Switzerland are among the countries which have completely legalized Bitcoin. And the reason is very simple. You will hardly find anyone using Bitcoin for tax evasion or crimes in these two countries. There are very few welfare rats among the general population. The tax rates are also low, when compared to that in the neighboring nations. Another factor is that both JPY and CHF are strong currencies, which have appreciated against the US Dollar during the recent few years.

Now if you talk about countries such as India or China, they don't enjoy these advantages. The Chinese Yuan is heavily manipulated and the government devalues it every now and then, to maximize the export revenue. The Indian Rupee used to be one of the weakest currencies in Asia, until the new government took charge in 2014. Under these circumstances, these countries may be more hostile to the idea of cryptocurrency.

roosbit

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Random coins :)

AFAIK Bitcoin is borderless and really does not need to get the node from a third party to be used...and the fact that it's decentralized makes it an even better option to use legal or illegally so honestly this really doesn't change anything as people can use it whenever they like,it's not like a bank account that someone can lock you out of it.

sockpuppet1911

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In every country? No. Without going to politics topic, there are places where governments are oppressing even less disruptive ideas. And bitcoin is one of the most revolutionary idea in the recent history.

Nanagyasi

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Btc popularity has increased over the past years and gradually the big players are drawing into it. It wouldn't be a surprise to see global acceptance in the next 10 years.

42K

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Erotic Industry on the Blockchain! RachelX

For now I can say bitcoin has been accepted and legalised in some countries which is great news. However some haven't because probably they still know less about bitcoin. Bitcoin in some years will be widely accepted and used for transaction globally. That's my believe belief because the rate at which bitcoin is growing and how people are investing, there's hope and a bright future for bitcoin.

kogozer714

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For now I think there are some countries that have legalized bitcoin, if we look at the development of bitcoin, maybe for the next 10 years bitcoin will be legalized by several countries. But it will be difficult and requires a lot of struggle and trust to adopt the legacy of bitcoin.

cipherhut

newbie

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And that's for sure, as per the growing arena of the Bitcoin and highly acceptance power of BTC among the people will definitely make acceptable in many countries but legal acceptance we can not confront.

cered

newbie

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Merit: 0

Now, it's still too early for governments to accept cryptocurrencies, but I think that it will adopted in the next 5-10 years. But firstly, we need to change our politicians Cheesy

I found really nice article about the war between governments and cryptocurrencies, you can check it.

KofiAdepa

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More than possible looking at how many people and institutions are adopting to the digital world it will not surprise me to wake up one day realizing that BTC is now acceptable every where. Its a matter of time.

kpcian

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If then it will be amazing, I also have a belief that Bitcoin is going to get an important part of our future life not only that but also it's been a good partner since three or four years for me. It's an absolutely wonderful invention for next development purpose.
I hope people will get a chance to create a handsome investment for future purpose. So this happening will not be difficult anything else. so legalisation of Bitcoin is just demand for present and future perspective. It will be really amazing when I hear that Bitcoin is the legal currency all over the world.

maxreish

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I still doubt that after 10 years, it will be legalized. Bitcoin has so many issues and some governments still do not want Banks to replace by Bitcoin. There will be so many things that will happen in 10 years but governments are centralized and bitcoin is the opposite. How can those countries who banned bitcoin will stand out in the decisions they have already made?

Prateek_sharma

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Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Currently, cryptocurrency is banned in some countries like India and some other. What do you think?

jak3

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Of course, there is a lot of possibilities for this but all I am curious is what if something new technology or some new currency concept jumps into the market. I am not offending bitcoin or any other cryptocurrency in the market but this is not the only option a human can have in his life. there is a lot of demand and supply for a lot of things inside the market so it is clearly possible something more advanced or something more appealing to others can easily get people's attention in the market.

Cryptotissue

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Quote from: BL46K 7193R on June 07, 2019, 01:45:43 PM

Do you think Bitcoin will be legally accepted in every country in the next 10 years? But I think that Bitcoin will be legally accepted in all the countries within the next 10 years. Not sure about the other crypto coins, but everyone has confidence in Bitcoin, so it can be said that Bitcoin will be fully validated in all countries. Bitcoin's popularity and popularity have increased day by day.
The government of many countries are now thinking about the bitcoin. That day is not far away when Bitcoin will be legally acceptable in all countries.

Well, this might be possible considering the recent influence of blockchain technology in the entire ecosystem of the world. But I highly doubt that this will happen in ten years time to come. In as much that the world is gradually revolving, the legalisation of Bitcoin might take more than ten years.

bryant.coleman

legendary

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It is difficult to predict how the different countries will react to the growing acceptance of Bitcoin. Obviously those with manipulated national currencies such as China are going to take a very hostile stance against cryptocurrency. But we need to see how effective this can be. For example, if the coin is banned in China, the users have the option of traveling to Hong Kong or South Korea to do crypto-trading. In the end, the Chinese government will lose valuable tax revenue, and the nationals will continue to use BTC.

Libertarian countries such as Switzerland will take a more friendly stance, but there is no guarantee that this situation will remain as such for infinity. There is going to be a lot of pressure from the other countries to change this policy.

ttcsalam

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The current world is a technology dependent . I think everyone will want to use technology. Therefore, when everyone understands its benefits.then take every positively.

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