Topic: Bitcoin will get legitimacy in all countries? - page 33. (Read 2868 times)
It's not a sure fact yet that Bitcoin will get legalised in a countries. Bitcoin still has not gained the solid ground in most countries as a currency or more of transaction. It will also take a lot of convincing and work for those countries who have already banned Bitcoin to lift the ban. It's a sure thing we hope for in the future.
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Bitcoin has no direct effect on one's economy unless all people are already doing bitcoin and investing in it rather than in banks. Bitcoin's acceptance will be just depend on how every government sees and accept its ideas.
It will only be if the anonymity transactions of it is reduced as some countries fear its citizens might be using it for illegal transactions and promoting whats the government dont like..
Bitcoin is hard to control so I think many countries are still not open for it to be legitimate. These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters.
until now many countries are not ready to accept bitcoin because it is difficult to control unlike money making many countries choose neutral but not demanding the possibility in the future bitcoin will be accepted by many countries when many crypto projects run synergies with the world economy 
We need and call for global regulations to support bitcoin grows globally and formally. Under these global regulations, BItcoin will get adoption from all countries and of course by people in those countries. Automatically, bitcoin will get legitimacy from the government of countries in the world. But we still need long time to realize this because some countries today still ban bitcoin. People still need to promote bitcoin and make sure that bitcoin brings more benefits than risks or disadvantages to people.
Bitcoin is hard to control so I think many countries are still not open for it to be legitimate. These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters.
I think that most countries in the world may not legalize bitcoin. Once the legalization of bitcoin, it will have a great impact on the finances of those countries. At present, human society cannot yet be completely decentralized.
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
maybe the opinion is true but if bitcoin is well monitored and well regulated I also think it will not happen, bitcoin be good or bad it depends on the intention and purpose of the investors in the investment for the problem of legality all that can happen
Various countries operate on different Policies, there are these that think BTC is a threat to their national economies while others have found a way to accept Bitcoin activities, its not until a Mutually beneficial ground is established will a state decide to legalize BTC, not all states will allow BTC transactions but a number will with time. Two factors may however come into play, Either Bitcoin will blossom so much so that the states will have no choice but to adopt it, or it will be a level of regulation fror the government for its operation to be approved
I think that it is not impossible for the world to adapt Bitcoin. If they just see what positive effects the cryptocurrency can give to the country, they will eventually accept it. But, because the only thing that they see is "uncontrollable", maybe we can't see the world to be accepting Bitcoin. Although this is the reason, people can't be stopped in using Bitcoin.
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
Bitcoin is legit, most country dont want BTC because there are no regulations unlike FIAT.
they can't control bitcoin that is why they are having a hard time in digesting the currency.
but soon once good, everything will be perfect.
In my opinion, there really are many people who do not know about bitkoyne, and many countries will reject the idea of legalizing bitcoins. But still I believe that sooner or later the whole world will receive Bitcoin.
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
To date, bitcoin has been widely owned and traded by a number of entrepreneurs. Most cryptocurrency fans expect that futures trading will attract the interest of institutional and professional traders, providing legitimacy to a volatile market. Unfortunately bitcoins are constrained by the strictness of government regulations, and have come under the spotlight, with rising prices, which have sparked many warnings, about the potential for bubbles. If highlighted like this, I am pessimistic Bitcoin will get all its legitimacy rights
Bitcoin will never be legal in any countries at all. The nature of Bitcoin makes it difficult to regulate and control the transactions that is being made. Bitcoin doesn't have anything backing it and the country cannot take any responsibility for the volatility of the coin. The lack of control would likely make tax evasion and money laundering easier. I can't see why any country would legitimise Bitcoin with these in mind.
I think you should need more research, there are around 70 countries where Bitcoin, and its use is legal. Also, Bitcoin (and almost all cryptos) is being taxed in some countries like South Africa, so, how can you say that "Bitcoin will never be legal in any countries at all"?. The links below are just a few examples as there are lots more...
https://bitcointalksearch.org/topic/list-of-court-cases-complaints-regulatory-actions-etc-96118
https://bitcointalksearch.org/topic/looking-for-information-regarding-taxation-on-bitcoin-in-different-countries-3057095
https://bitcointalksearch.org/topic/countries-with-low-taxes-on-bitcoin-profits-2317279
https://bitcointalksearch.org/topic/countries-with-best-btc-taxes-regulations-for-individuals-not-companies-2371242
Legality of bitcoin by country or territory
SARS’S STANCE ON THE TAX TREATMENT OF CRYPTOCURRENCIES
South Africans Instructed to Pay Tax on Bitcoin and Cryptocurrency Earnings
Many countries think that Bitcoin is harmful for their country. They think that Bitcoin will create inflation in their country. But is that right? Will Bitcoin never get all the legitimacy?
In order for a country to accumulate inflation, the damage economically must be in large scale. Many individuals are unaware of cryptocurrencies and the money supply being used to utilize such is relatively smaller compared to fiat. For inflation to cause, the money supply in the market must be high and the demand for it must be low. That is when the increase on the price of general goods occur. But in the case for cryptocurrencies, some countries even ban the utilization of such and only a relatively small number of people know its processes and methods.
Yes,I think so Bitcoin will get legitimacy in all country because It's price day by day hight increase coin market.Those are popular crypto currency.It's the most people used from the life developing. It's crypto currency world wide.It's earning bitcoin from normally add wallet.It's price day by day hight valuable Currency.So I there for it's legality for all countries.
Having a high price in the market does not constitute with it being legal. Although some governments prohibit the use of such, it provided various job opportunities for people, not to mention its volatile price makes it a perfect investment tool for short-term perspective. The legalization of cryptocurrencies would happen if the government were to regulate its transactions in the future.
Hello guys, As per the recent news which I have been following regarding Bitcoin and Cryptocurrency as it shows that Bitcoin will be most probably legalized in every country. hopefully, we can expect good news by this year end or next year in mid-2019. Bitcoin needs to be introduced in a legit way to gain more consumers in the upcoming market and the upcoming digital world. As the funding to cryptocurrencies will be more and soon regulations towards Cryptocurrencies will be amended.
Perhaps for now the country has not found the advantages and disvantages of bitcoin in the sense that the country is still afraid of bitcoin or crypto world Will be used for crime i hope the government soon find a solution and acknowledge the existence of bitcoin
you can't expect everyone will love and understand bitcoin, same with many countries which their regulations and awareness is all different from one other. talking about inflation, money has already does that, therefore, they are afraid bitcoin itself will bear same effect - which has not been proven yet, so? in the midst of being scared, they will try to regulate it as much as they could
Yes,I think so Bitcoin will get legitimacy in all country because It's price day by day hight increase coin market.Those are popular crypto currency.It's the most people used from the life developing. It's crypto currency world wide.It's earning bitcoin from normally add wallet.It's price day by day hight valuable Currency.So I there for it's legality for all countries.
i think every country have different regulations on their money system and so does with the regulation of bitcoin. But, if we take a look closer, many country slowly change their bad paradigm and be more opened with bitcoin. And yes, i also think that maybe one day bitcoin will get legitimacy in all countries.
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