bitcoin since it is legitimate many countries only put some rules but the bit is designed only to address only one that is auditable no attention is paid to any government or permission that they legalize it is something else because they know that every time more people add up to the chain of blocks to this global currency that there is no one who competes with their technology and that which creates imflacion is a lie to the
otherwise it protects us from inflation and financial crises and even speculation is valued if it increases its value and gives us more profit than banks
Topic: Bitcoin will get legitimacy in all countries? - page 4. (Read 2868 times)
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?
for now only a few of which legalize bitcoin as a virtual currency, for various reasons that bitcoin is considered a virtual currency that is not fixed price that makes the country in the world think bitcoin will affect inflation. I think bitcoin legitimacy depends on it's demand ,popularity,raising rate and the way of using it.These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters.
Many of the governments are not used to decentralized virtual currencies and even there is a growing demand in their countries, they are not ready to legalize unless there are already rules or law to implement. Governments that will eventually allows bitcoin in their countries will surely impose some regulations not on bitcoin and other cryptocurrencies but on the crypto exchanges to monitor the flow and transactions of the virtual currencies.
It's not possible for anyone to stop bitcoin, it is setting down deep roots and the computerized cash is what's to come. The sooner the administrations everywhere throughout the world acknowledge it the better for them. Cryptographic money can be exceptionally helpful for the economy for a nation, so the legislatures would prefer not to miss this opportunity.
Well we all want to see it happening, but to be honest, i think that it is more than difficult in some countries in where the regulation is quite hard to controlate.
As time goes on... I think they will ligitimize bit coin in most country rejecting or banning it... It will soon be a means of exchange throughout the world.
As a matter of fact Legitimacy isn't the issue for Bitcoin. As I would like to think it won't get lawful in all nations . The vast majority of the nations on the planet are not really meeting the essential needs. Bitcoin or these kinds of digital money are dealt with as High end Financial scale up . The greater part of the nations are not able to keep up that. Expense VAT are imperative. It is difficult to force these without the fundamentals.
On the contrary, bitcoin will not create inflation, as its limited amount is 21 million. Inflation is obtained only when the currency is issued in unlimited quantities, and then it physically ceases to be valuable. Regarding bitcoin, the countries will be divided into two camps: those who support the cryptocurrency, and those who prohibit it. This can already be traced in our time.
The unusual increase in purchasing power is called inflation. For example, a product is stable but its price has increased abnormally, it is called inflation. Is it possible ?? Now it is said that it has validity in many different countries of the world, including several countries of America, Europe, Africa continent. So they did not think of inflation ?? So, they do not understand the country financing ??
Possibly yes, for developing countries that need taxes to build their country. Bitcoin is too expensive and manifests itself as a financial bubble, which is very risky to invest in it from citizens in any state. Therefore, crypto currency for the country is not a very good phenomenon.
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?
I think it is unlikely that bitcoin would be acceptable to all countries. if acceptable, would require a long process. can not be controlled because the bitcoin is decentralized.
Some countries completely forbid Bitcoin.
They claim it is very close to a currency. One noteworthy example is Iceland, which has the largest Bitcoin digging industry in the world, but people are not allowed to buy Bitcoin.
They claim it is very close to a currency. One noteworthy example is Iceland, which has the largest Bitcoin digging industry in the world, but people are not allowed to buy Bitcoin.
I think someday bitcoin can get legitimate. Its just right now countries are not ready for bitcoin and the system are just a hassle for them to handle. Unless there's some easy way for the government to handle bitcoin, bitcoin can become legitimate. Also add to the factor that bitcoin is quite unpredictable and volatile and the government can't just jump into high risks.
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?
I think it is unlikely that bitcoin would be acceptable to all countries. if acceptable, would require a long process. can not be controlled because the bitcoin is decentralized.
Some countries have accepted Bitcoin. They have come up with real laws to regulate Bitcoin trading. The first country to fully accept Bitcoin is Japan. Starting from April 1, Bitcoin is considered a legal payment method in Japan. Moreover, some organizations recognize it as currency. The laws governing banking transactions have not changed, but they are also being considered to make Bitcoin even usable in everyday life. However, not all countries accept the suitability of bitcoin.
This is impossible. It is known that countries such as China and the Philippines do not support the BTC. They believe that the BTC is a fraud and will swindle investors out of their money.
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?
I think this is the only question that every bitcoiner could ask now a days because bitcoin has been going into controversy because of it’s legalisation only that whether to legalise it or not because of several illegal uses of bitcoin but countries need to understand the real fate of bitcoin that after its legalisation all these issues will be sorted and then no future illegal use of bitcoin will remain, though bitcoin has a lot of worth in it but still its legitimacy across the whole world is still a question.
I believe in this prediction that Bitcoin will eventually gain the acceptance of all countries or will spearhead a coin which will gain such acceptance. It will take quite a good number of years to achieve this as countries will eventually get to understand the significance of Bitcoin and Blockchain technology. Anyway, at that time when Bitcoin will receive a global acceptance, the value will be incredibly huge due to its limited supply.
In some countries it is welcome and regarded as a method of payment. For example in the US but it is also banned in Korea
possible, because the current beliefs bitcoin will increase.
slowly all countries that previously did not accept bitcoin, they may soon be admitting bitcoin and give legitimacy.
slowly all countries that previously did not accept bitcoin, they may soon be admitting bitcoin and give legitimacy.
These countries have centralized economies and they are used to control or monitor their currency to rein inflation and other monetary matters. Most countries are still analyzing ways to properly regulate the the cryptocurrency. Overall, bitcoin remains in a grey area as the technological leap has left lawmakers far behind.
Jump to: