Bitcoin will be legally accepted in every country in the next 10 years? - page 4.

joshy23

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Quote from: khimer_rangers on June 23, 2019, 09:16:14 AM

maybe not all countries in the next 10 years but I'm sure there will be many changes in various countries maybe the use of bitcoin will be more regulated, and that doesn't happen in every country, because they have their own legal regulations.

Yep, there's more regulations that will take to each countries that will allow and adopt this new digital currency, maybe it's not every county but
it can be more of those countries that starting to believe and adopting this system.

EdenHazard

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What type of regulation that you mean? Currently almost all countries has accepted bitcoin but it's function is limited. Such as in my country bitcoin has been accepted to be use as an asset or trading place. I can use bitcoin in the local exchange which choosen by government and I'm free to use it although I must pay a tax per every withdraw. But my country has been banned if bitcoin be used as payment system, they fear to the function of their currency and also bitcoin price is so volatile. You don't need a long time for bitcoin be accepted by all countries in this world because bitcoin is really deserve to be accepted.

khimer_rangers

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maybe not all countries in the next 10 years but I'm sure there will be many changes in various countries maybe the use of bitcoin will be more regulated, and that doesn't happen in every country, because they have their own legal regulations.

xWolfx

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Quote from: denasha92 on June 23, 2019, 03:13:32 AM

I'm not sure if all country will accept and legalize bitcoin in the next ten years. In fact some countries have yet to legalize bitcoin because of the concern of the government bitcoin used as a means of money laundering or other financial crimes, but if the entire state to find an agreement to mitigate such risks, perhaps the dream can become a reality.

Of course they can and they should and not only that but they also should definitely separate Bitcoin used for legal purposes from those used for illegal ones in the ideas domain.

If they continue being closed to the possibility and reality that it is a tool that can be used for both right and wrong of course they will fail on thinking objectively about the problem.

kr105

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Quote from: bitbunnny on June 07, 2019, 02:01:29 PM

I think that the better question is if Bitcoin will be regulated and how. Even now Bitcoin is not illegal, at least not in majority of countries but there are only few countries who have regulated it within legal framework and defined it. I think this is something that will happen in.almost every country 10 years from now.

I agree! I think we’ll just see more regulations from different countries during the next 10 years.
I mean 10 years sounds like a long time but actually it’s not easy to make some regulations properly. So i think many countries will just work on to define and regulate the Bitcoin.

denasha92

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Quote from: Eildosa on June 22, 2019, 02:20:35 PM

I dont know whether it will be accepted in all countries, because many countries are negative about it. But it seems to me that most of them will still legally accept bitcoin.

I'm not sure if all country will accept and legalize bitcoin in the next ten years. In fact some countries have yet to legalize bitcoin because of the concern of the government bitcoin used as a means of money laundering or other financial crimes, but if the entire state to find an agreement to mitigate such risks, perhaps the dream can become a reality.

Janation

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Quote from: kissme09 on June 22, 2019, 10:56:35 AM

I think this is a too short time for the whole world to accept Cryptocurrency. It may take up to 20 years to achieve this goal because many countries are against this. We need to grow faster than any economic sector. Needing to reach the most people, attracting more investors will make things easier to achieve.

The government is obviously against it.

I mean people will be using BTC instead of fiat since they are anonymously transacting money. The government will be having a hard time tracking those transactions that they might suspect of transactions illegally or transactions to terrorists. All we know is that they are getting interested in the technology of it, the Blockchain.

denzkilim

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Quote from: Vishnu.Reang on June 22, 2019, 12:48:11 AM

Quote from: Viscore on June 21, 2019, 06:18:20 PM

Quote from: hahahafr on June 21, 2019, 04:42:44 PM

I think it's too early to predict the exact time when bitcoin would be legally accepted in every part of the world. The adoption is increasing gradually off late and i kind of side with you that bitcoin maybe accepted but most of the altcoins would not be accepted globally.

Yes. Bitcoin has gained the trust of majority so it's really possible that in 10 years or below, bitcoin will be soon accepted and adopted as a currency in every country. For now, it might be too early to say about this but if bitcoin won't stop being famous, then it will really make it in the end.

It can become really popular, but that doesn't guarantee that Bitcoin will be accepted as a currency in most of the world nations. The fundamental problem is that since it is protected against inflation, Bitcoin puts the national currencies at a disadvantage if a level playing field is given. And this is especially true with manipulated national currencies such as the CNY and RUR. In such cases, it will be suicidal for the governments to permit such a scenario.

That's correct because Bitcoin is volatile by its nature and a currency supposed to be less volatile to be able to use by people on a daily basis such as buying goods and needs, I think merchants wouldn't accept a volatile payment because this will put their businesses in trouble if you get what I mean. This is just based on my own point of view but who knows maybe in the next 10 years Bitcoin may be less volatile when the mass adoption takes in place and the demand for it will soar. Cool

BLAST2MARS

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US is a powerful country that has a great influence in neighboring countries. People sees US as like the capital of the world economy and the main standards of all. So that 10 years can be lessen if bitcoin become widely accepted in the country and become as a main currency just like their fiat USD. Because in my country, anything that is hot and trending, lifestyle or on USA is immediately adopted by my fellow citizens.

Bobby park

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As everyone's desire It could be possible to spread out and become legally accepted Bitcoin as a worlds first crypto currency all over the world. 10 from now I believe that Bitcoin will become a primary investment in many countries especially developing countries so it is a good thing to share and care Bitcoin for all people that want to learn about crypto currency.

Youghoor

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In as much that the world we find ourselves is full of surprises, I have strong doubt that in ten years time every country in the world will legally accept the use of Bitcoin. More than half of the entire population of the world either have no knowledge or little knowledge about Bitcoin and cryptocurrency. Ths will be the normal problem....

Emilyp

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I doubt there will be a time bitcoin will be accepted globally taking a cue from how greedy some governments are. They only wish to be in control and print any amount of money they desire.

Eildosa

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I dont know whether it will be accepted in all countries, because many countries are negative about it. But it seems to me that most of them will still legally accept bitcoin.

bitcampaign

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I am sure that will happen, but focus on blockchain technology not only on bitcoin itself but maybe from others, I believe that within 1 or 5 years it is even faster than this thread, we cannot deny the sophistication of technology every year. next is digital currency, I believe bitcoin is one of them and certainly will be legal in all countries

kissme09

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I think this is a too short time for the whole world to accept Cryptocurrency. It may take up to 20 years to achieve this goal because many countries are against this. We need to grow faster than any economic sector. Needing to reach the most people, attracting more investors will make things easier to achieve.

veleten

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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.

absolutely sure that it won't be accepted in every country in 10 years
guess the situation overall will be more positive for cryptocurrencies and bitcoin in general , but countries like India won't change their stance
there are many countries that explicitly banned bitcoin altogether , ten years is not some huge period of time , not much will change
for bitcoin to start to be accepted globally it has to be regulated and centralized , it is not going to happen , unless they invent some sort of an energy equivalent of a dollar
therefore the amount of energy you spend to produce something , bitcoin for example is money of the future
but this is just daydreaming , the harsh capitalist reality we are living in says every country has its own interests and it is very hard for them to agree even on the smaller things

satriagedhe

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i think it depend on what happens with bitcoin on that time , i mean if bitcoin didint have any issues like 2012 -2013 ( CMIIW ) that possible if bitcoin will accepted in every country

iMark

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Quote from: Viscore on June 21, 2019, 06:18:20 PM

Quote from: hahahafr on June 21, 2019, 04:42:44 PM

I think it's too early to predict the exact time when bitcoin would be legally accepted in every part of the world. The adoption is increasing gradually off late and i kind of side with you that bitcoin maybe accepted but most of the altcoins would not be accepted globally.

Yes. Bitcoin has gained the trust of majority so it's really possible that in 10 years or below, bitcoin will be soon accepted and adopted as a currency in every country. For now, it might be too early to say about this but if bitcoin won't stop being famous, then it will really make it in the end.

getting popular does not guarantee the government will warm up and legalize bitcoin, even in the near future the government can legalize bitcoin if the government gets good profits and there are rules that must be applied to crypto users. sooner or later there will definitely be regulation, both will surely find a bright spot for mutual benefit

Ewox

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I still don’t think Bitcoin will be widely accepted in the next 10 years however some cryptocurrency might be though, like Libra coin for example. I’m not sure why there are some people who does not believe in the coin; or maybe it is because of its anonymity, people think its debatable whether the person who created it is a group of people or is just one person which no one can trace him/her.

erikoy

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Probably, who knows that there could be a high chance that there will be good thing to happen in block chain and adaptation. As it seems that more and more company, establishments, group of small and bug businesses are now using a platform that is block chain operated.

This is also why the market price of bitcoin had been surging and we can expect to have a bull run for bitcoin this year.

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