Bitcoin will not always be a source of increased inflation, in an instance if the citizen is going to buy bitcoin he needs to have a fiat first and will exchange it to bitcoin meaning the fiat will still have a circulation or the money is still circulated. that means that it can be legitimated on countries but not all of the countries
so there are countries who will embrace bitcoin but some also will not as easy as that
it depends on the government who are leading the country if they think that bitcoin might harm their economy then they are going to ban it
Topic: Bitcoin will get legitimacy in all countries? - page 8. (Read 2868 times)
I think it's hard to happen, although for some countries it may be yes but for all countries it is very difficult given that every country has different rules and regulations to follow and they accept cryptocurrency depending on their economic status.However I believe in the future all the countries will can accept bitcoin,
You are right. Moreover, many speculations related to the misuse of bitcoin as a crime tool. Most governments are concerned about limiting the use of bitcoin in their country in anticipation to protect the people and the economy.
I think it's hard to happen, although for some countries it may be yes but for all countries it is very difficult given that every country has different rules and regulations to follow and they accept cryptocurrency depending on their economic status.However I believe in the future all the countries will can accept 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?
it deomds because some of countries dont trust bitcoin they think it will affect their economy so they ban it from their country
The European Union has not passed a specific law regarding the status of bitcoin as a currency, but the VAT/GST claims do not apply to the conversion between fiat and bitcoin. While some countries have explicitly permitted the use and commercialization, others have banned or restricted it.
Maybe, in the future bitcoin will become legal in all parts of the world. I am expecting it since bitcoin becomes more popular and being used by anyone. So i expect that someday it will happen.
Still so many countries not given legitimacy for bitcoin only few countries given legal status, now few countries pondering to give legitimacy to bitcoin as it is used by many people and the government is aware of what bitcoin can do on the economy of the country, so in the next years bitcoin coin may get legitimacy.
We all know that not all countries wanted to legalized and accept bitcoin to be implemented to their nation. But there are alot of possibilities, everything could change and it is possible that one bitcoin will be accepted. It may take time but I know for sure it will happen, the demand is increasing so as its value. That is why it is not possible thatt it will become legalized.
The base of bitcoin-investors has changed, it has evolved and incorporated new layers of society. It is possible that very soon all the countries will join
Maybe, in the future bitcoin will become legal in all parts of the world. I am expecting it since bitcoin becomes more popular and being used by anyone. So i expect that someday it will happen.
For now, we can say that Bitcoin still have a long way to become legal in all countries. But of course, it's never the end. All are possible and we hope for the best. At least some powerful and rich countries do have a full support at Bitcoin. And that's all that matter for now.
Some governments have already legalized bitcoin in their country and they using it as of their legal tender. Japan took the first step in legalizing it and until now there is still no report from that country about inflation that caused by bitcoin or any cryptocurrency. These governments that banned in their area or jurisdiction should form a task force to study cryptocurrency and its effects in their countries.
Do we need bitcoin to be legalized at all? Well Japan has regulations guarding bitcoin in the country and so it hasn't been left for bad people to take advantage of their economy to sell or trade contraband goods and services nor money laundering. I wish bitcoin was allowed freely to operate everywhere in the world but it's going to take a lot of everything for that to happen
Some governments have already legalized bitcoin in their country and they using it as of their legal tender. Japan took the first step in legalizing it and until now there is still no report from that country about inflation that caused by bitcoin or any cryptocurrency. These governments that banned in their area or jurisdiction should form a task force to study cryptocurrency and its effects in their countries.
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 thier country and as per laws it is not suitable as the government wants the control of whatever they allow and on btc or other thing they might not have such control due to which they do not prefer. In such scenario they can ban use of such coins if they feel it can be harmful to them.
Not all countries accept bitcoin as per rules and regulations if they took and applied pass on proper screening because mostly they support thier people or subsidized they subsidized kids and those poor people if bitcoin is assigned descentralized not to be legitimate.
Bitcoin might or might not get legitimacy in all countries in the long run, Its a very debatable scene as there are some countries which has already banned the coin. any chance of legitimacy in such countries is therefore absent, But there are others who will be willing to legalize the coin in the near future
I agree with the BTC or other codes that may affect the economy of a country but I do not believe it will be inflation.
I think if the governments of each country consider legalizing bitcoin, it will help not only us bitcoin but also for everyone.
I think if the governments of each country consider legalizing bitcoin, it will help not only us bitcoin but also for everyone.
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 the governments are very concerned about blookchain, so I think bitcoin will soon be recognized by governments.
For all country, i think its need long time. Not all country have same policy and they have different regulation. In several country, maybe bitcoin have regulation for payment and trading, but in many country bitcoin prohibit for payment but not for trading.
I think its fine for me if bitcoin have regulation only for trading, as long we can exchange it to fiat
I think its fine for me if bitcoin have regulation only for trading, as long we can exchange it to fiat
i don tthink that all countries will accept and be positive to bitcoin cuz some says that it is not good for country and maybe they are right till somewhere but i think that most of them will legalize it since it is getting bigger and bigger every single day!
Yes I agree with you, because in every country has its own currency and if bitcoin will be done in currency in any country, it will be a loss that does not follow the current technology. But if bitcoins will be made in currencies on the other hand who already know will be easier to transact.
I think it will still take some more time to get legalized. Banks think of it as a big threat which eventually affects bitcoin to get accepted worldwide.If the illegal use of bitcoin rate reduce than it can be possible to accept bitcoin more in all country.
Inflation depends on the price of the commodities, demands, supplies etc. Bitcoin cannot effect the demands or supplies for any goods or services (allmost all). So, only the price is left out. But the price mostly depends on the demands and supplies. I don't understand how come Bitcoin effects the inflation. Yes, I agree BTC or other cryptos can effect the economy of a country but I don't believe it would be the inflation.
I have to differ with you on this. What happens if goods are imported into the country now at 1BTC for $6-7k and soon at the end of the month the price of 1BTC fall sharply or rise very high. This will definitely affect the price of goods. It will also affect the demand and supply of goods, for instance if a glossary store was stocked weeks ago when the price was $9k and the glossaries are finished now that the price is about $6k; the store will run at a lost. Because there has been a change in the value of their capital, because the value capital has depreciated.
Jump to: