Bitcoin will be legally accepted in every country in the next 10 years? - page 9.

Taskford

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Quote from: chichidori on June 09, 2019, 02:14:53 AM

Bitcoin may become known world wide but some country may not accept it legally as a currency or a means of payment, its hard to impose tax to a very volatile bitcoin.

There are also crime organizations that uses bitcoin as their payment channel. Criminals can make transacion anonymously because of bitcoin. As long as this problem won't have a solution I don't think bitcoin will be legal in all countries. Transporting money across countries would be easier because of bitcoin and criminals would take advantage of that.

sngwinner

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It will be great news but how sure are we this is feasible. We are struggling with regulation for now and we are here talking about it been legalised in all countries. For me, if government finds ways to regulate crypto thn 10yrs is too far for me

Noilee

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Quote from: LogitechMouse on June 07, 2019, 08:35:02 PM

There are some countries that are already accepted cryptocurrency and some establishments are creating awareness to other people.

Although this is happening in most countries, there are some countries that is not accepting crypto. I think in the next 10 years, the possibilities of Bitcoin and crypto in general to be accepted in every country increases but I doubt that there will be a few countries that will reject it.

If we see as of now there are already more countries are legalized btc especially the most developed countries. But its just only a small countries are not recognized btc as of now, but in the next years we believe they begun to accept also btc. That few countries you will say they will convince of the role of bitcoin in the people especially to the country.

IPVPIRL

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Big corporations and banks are already trying to find how to make money out of this. They already how useful Bitcoin is, but they still haven't decided how to exploit as much money as possible.

There are are attempts to create their own digital version of a cryptocurrenty, while trying really hard to discredit Bitcoin.
This is the main strategy right now with Facebook and JP Morgan in the front of the race.

Every government, bank and corporation is calling blockchain a great technological advancement, but at the same time they bash Bitcoin and anything that has to do with it.
It is most clear that they would be happy to see Bitcoin fail as they can't make the most out of it, even with trading desks or exchanges they recently bought.

Banks and governments will keep Bitcoin on the grey zone for at least the next 5-10 years, until they either defeat it by creating something new that will be publicly accepted, or accept defeat and accept Bitcoin as a universal currency.

dentolas

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I think that in 10 years there will be nonsense in thinking about banning any crypto... I strongly believe that in 10 years time, crypto will be the society standard for value exchange... not only BTC, but crypto in general....
countries and borders will have a different meaning

Noversetied

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We can question the future of Bitcoin, but the significant and long-term impact of electronic currencies on the financial market is undeniable.

Pursuer

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I seriously doubt that it could ever happen in "every country" because there is just no way that we can see a unified world that everyone agrees on the same thing. you can take any other subject and see how everyone is disagreeing about and bitcoin should not be any different.
all we can say is that majority of countries will have been accepted bitcoin legally in 10 years and only a handful of countries would do otherwise. just as today there are countries that have accepted bitcoin as a legal way of payment, some others are accepting it as a commodity (!!!) and there are even cases of total ban.

chichidori

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Bitcoin may become known world wide but some country may not accept it legally as a currency or a means of payment, its hard to impose tax to a very volatile bitcoin.

Sithara007

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A lot will depend on the stance being taken by the government of the United States. Almost a third of the users are from that country, and even the other government looks up to the US for guidance. As of now, Bitcoin is pretty legal in the US, but the tax calculations are a bit complex. New tax laws have made it tough for the margin traders and many of them were forced to give up trading or shift their operations to some other jurisdiction.

fiulpro

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The fact that every country is now thinking of making their own cryptocurrencies means they will maybe ban Bitcoins and other cryptocurrencies and then whole together bring out a new one that will be different for different countries.
It's had to think that every country will start accepting Bitcoins because right now they are all set on banning it.
But at the same time few big countries are supporting Bitcoins and people can you know take a look at this and then urgetheir government to do the same .
We cannot be sure about anything.
It's hard to think really .

Johnzky

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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.

With bitcoin all the legit and originally concepts cryptocurrency will go along adoptions worldwide because alone cannot sustain the needs of crypto users when time comes that fiat becomes secondary option for usage,in the next 10years we will be seeing more of bitcoin growth over that 10 years time

rodel caling

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Possible depend on how to encourage the leader of each country or how the leader of every country understand well bitcoin as new form of money to approve and adopt bitcoin as legal tender in all country for the next 10 years.

bittick

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Quote from: Payme21 on June 08, 2019, 04:00:26 PM

Not sure about a 10year target but I'm pretty sure that bitcoin will surely gain wide acceptance as its receiving very positive publicities

acceptance by merchants or ordinary people is different than acceptance by the government or I usually called it an official recognition since that will includes many regulation and will make bitcoin legal, it seems that bitcoin still have the hardway to deal with that.

hahahafr

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Well nobody knows the fuutre and what it holds but i am very optimistic that by the next 10 years the adoptino of cryptocurrencies especially bitcoin might have doubled as at now. Some countries have opened its arms already to the use of cryptocurrencies and i hope other countries are also going to do same.

DreamStage

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It does not need to be 10 years necessarily Roll Eyes

We are already seeing positive feedback from many countries which are implementing crypto currencies into their daily lifes and that brings us to the question if every other remaining country will adopt the same mentality.
Surely we will be seeing this out in many more countries it is a matter of time and politics.

Payme21

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Not sure about a 10year target but I'm pretty sure that bitcoin will surely gain wide acceptance as its receiving very positive publicities

bitzizzix

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The progress and popularity of bitcoin has always increased but I am not sure that bitcoin can be accepted in all countries, because there are still many countries that oppose the existence of bitcoin.
it is not easy to accept bitcoin legally, because it requires a long process because there will definitely be pros and cons in government institutions.
we'll see later and everyone hopes that bitcoin will grow better in the future.

kryptqnick

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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.

I don't think so. In most of the Western developed countries - sure. In some countries of Asia and Africa - yes, certainly. In EVERY country? No way. There are too many countries to agree, and the countries are too diverse as well. Take North Korea, for instance, that is known to possess Bitcoin and yet I don't think it's actually legal for citizens. There is quite a list of countries that already made up their mind about Bitcoin. Some of them might change their mind in case it gets obvious that there are more advantages in allowing it than disadvantages. But someone always stays behind, offering ridiculous legislation to ensure that people don't have freedom.

Hedonie

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It would be awesome. who knows it could be possible? bitcoin made it so far already, that now it sounds almost like a easy walk for bitcoin to get to legalised in all the countries. seems bitcoin, can really make its way becoming the world first currency out hehehehe.

Apes

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I have no idea. how about bitcoin legally in the future, especially the next 10 years. I certainly hope that government policies will be more soft towards for bitcoin. now in some countries that are currently still banning bitcoin can change their policies, and give a lot of permission in local or global economic development.

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