Topic: Bitcoins Regularization in Different Countries - page 2. (Read 413 times)
The chances of Bitcoin regularization in different countries are unpredictable. Nevertheless, since the existence of crytocurrency it is neither legal or illegal. Many countries do have the autonomy and freedom to engage with cryptocurrency and has not been forbidden by the government unless their activity is intervening legalized procedures. The endorsement of legalizing the regulation in every aspect of daily life has been long overdue but I do believe that there reasonable factors why it isn't granted. Reasons may include the nature of Bitcoin which has been involve in different crimes and the difficulty of screening transactions.
Always 50/50 depending on how Bitcoin is utilized by many in a specified country. It could cause governments to ban it, due to their people using it for money laundering, terrorism, etc.
However it could also cause government to recognize it so that connections to electronic market will be pretty convenient to people, but of course people should be wary of taxes for that.
In some cases at some countries, the government is just neutral to it.
However it could also cause government to recognize it so that connections to electronic market will be pretty convenient to people, but of course people should be wary of taxes for that.
In some cases at some countries, the government is just neutral to it.
Our Country is currently having a good response in terms of favoring bitcoin. Since the last survey of our Central Bank, the percentage of people who are using Cryptocurrencies has more than doubled after 2 years. That indicates our Country is free from unsupportive government rather we are one of the Countries in the world that have many local exchanges that the government has permitted.
Glad to hear the news and that also happened in my country, because honestly with no certainty from the government in the past made me worry for owning bitcoin, but what is happening now has changed greatly because there may be a huge effort that continues to be done by the developer many crypto exchange platforms can work well to work on the legality of bitcoin in terms of using and trading it. 
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Sometimes I even question the decentralization of cryptocurrency. I am not saying this about the government issue, but we that are into it how much have we done to promote the idea of decentralization?Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Sometimes I will find some good projects and airdrops to participate and when I try to participate they will tell me that my country is not allowed. Such thing piss me off. I once tried to participate in an airdrop on Coinbase and they wouldn’t let me, so are we also going to blame the government? The way I see it, decentralization is mean to bring the world together and not separate. But whatever... it may take more time than I am anticipating.
Each government has their respective considerations in responding to the development of cryptocurrency. As good citizens, we must follow these rules. Well, before we have to learn well about the status of bitcoin (cryptocurrency) in our respective countries, there are some that fully forbid and some that only for certain sides, for example, may only be used as an investment or commodity trade, and restrictions given usually associated with payment systems. So, even though it is not regulated, it is permissible to trade and invest, and the exchanges available in my country are officially registered at the ministry that deals with trade.
So do not generalize and overdo it, it must be studied more deeply because bitcoin has also been well received in most countries even with high-risk status.
Indeed, there are still countries that are regulating cryptocurrencies for some reasons, maybe one of them and the common one is that they are thinking that cryptocurrency is a scam which is definitely not, we can say that there are scammers out there, actually, there are too many of them but the cryptocurrency itself is not. Some projects are scam but you can actually avoid them yourself by studying some important information you need before supporting that particular project. In addition, they cannot collect some taxes to the users because we all know that cryptocurrency is decentralized they do not know who are the organization or group of people running it.So do not generalize and overdo it, it must be studied more deeply because bitcoin has also been well received in most countries even with high-risk status.
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
If the government prohibited people from participating in the projects, people could still register in the exchanges, and they can still trade in those exchanges. When people are buying bitcoin or altcoin in many places, including in the exchanges, they can avoid the government, and the government itself doesn't know what their people do with their money. The government will know if there is a transfer from the exchanges to the bank account, but we have another way to transfer the funds to our bank account. I think it's a matter of time before the government will approve cryptocurrency, especially bitcoin to their country so people will be free to use crypto.
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
If the government prohibited people from participating in the projects, people could still register in the exchanges, and they can still trade in those exchanges. When people are buying bitcoin or altcoin in many places, including in the exchanges, they can avoid the government, and the government itself doesn't know what their people do with their money. The government will know if there is a transfer from the exchanges to the bank account, but we have another way to transfer the funds to our bank account. I think it's a matter of time before the government will approve cryptocurrency, especially bitcoin to their country so people will be free to use crypto.
Ilegal means you cannot posses Bitcoin but how on earth will the government know that you have Bitcoin when there are so many to store and trade without the knowledge of anyone. Bitcoin is the currency of the internet and internet cannot be controlled or regulated. Hence the matter of legality is just on papers and in actuality you cannot ban or term Bitcoin illegal.
well it is not about the government learning you are owning a bitcoin but what concern of OP is the exchanges and the ICO that denies people from those countries that banned Bitcoin so the problem is even if they wanted to Invest in crypto yet they have no chance of doing so.but for me?we are lucky because our government has no policy about this regulation instead there are only advises that this is risky so we must take care of our money.
I think there are still many countries that look passive rather than declaring the crypto illegal. Aside from China which I believe their large population really affects crypto, I have not heard about any other big country that has declared it Illegal. Nigeria is ranking 7th as the most populous nation in the world and Number 1 in Africa. Apart from this, I think Nigeria also has the largest population of crypto users and Africa and I do not think the government will anytime soon declare it Illegal. Although they have warned people severally, to stay clear of crypto due to the Ponzi scheme that people use crypto for.
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
nope only few countries are banning Bitcoin mate and not that exaggerated idea of yours.Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
there are many countries that has no direct implementing rules against Bitcoin and regulating Crypto is also part of pursuing this market to the edge because government cannot do anything to stop this.
they should make a map of the countries that legalized bitcoin, I believe that 5 countries would not arrive. let's not confuse things, Most countries allow their people to use bitcoin, they have not legalized bitcoin. The bitcoin legalization process is the slowest, even though bitcoin has been around for many years. maybe it's because of political issues
that's it mate,there are more countries allowing us to use Bitcoin and not like what OP is trying to say here. they should make a map of the countries that legalized bitcoin, I believe that 5 countries would not arrive. let's not confuse things, Most countries allow their people to use bitcoin, they have not legalized bitcoin. The bitcoin legalization process is the slowest, even though bitcoin has been around for many years. maybe it's because of political issues
The last time that I checked Bitlegal, there were a few dozen countries being given in green, which meant that Bitcoin was completely legalized in those countries. These included Japan, United States, and most of the European Union member nations. So your argument claiming that only 4-5 countries have made it fully legal is not valid. Also, during the past few months there have been encouraging signals in this field and more and more countries are looking forward to make the cryptocurrency completely legal. The death of the ICO market was a boon, as it prevented a lot of scams which would have otherwise tarnished the reputation of the market.
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
well we can take another 10 years more?until there are government that is not open minded and not willing to take a risk to help their economy then the market will continue experiencing this kind of matter.Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
exchanges and project has their rights on whom to accept or let participate int heir projects because it is their team will have problem in case they accept illegal members.
In each country the regulations applied will certainly be different.
Indonesia is one of the countries that legalize bitcoin as a commodity product that can be traded on the Indonesian futures exchange. Bitcoin is legal as an investment tool but bitcoin is still prohibited from being used as the primary payment instrument in Indonesia.
With the legal regulation of bitcoin which is used as a futures trading tool and a commodity product, Indonesia is giving space for cryptocurrency or bitcoin to be developed and innovated for the future in the digital currency sector.
Indonesia is one of the countries that legalize bitcoin as a commodity product that can be traded on the Indonesian futures exchange. Bitcoin is legal as an investment tool but bitcoin is still prohibited from being used as the primary payment instrument in Indonesia.
With the legal regulation of bitcoin which is used as a futures trading tool and a commodity product, Indonesia is giving space for cryptocurrency or bitcoin to be developed and innovated for the future in the digital currency sector.
Each government has their respective considerations in responding to the development of cryptocurrency. As good citizens, we must follow these rules. Well, before we have to learn well about the status of bitcoin (cryptocurrency) in our respective countries, there are some that fully forbid and some that only for certain sides, for example, may only be used as an investment or commodity trade, and restrictions given usually associated with payment systems. So, even though it is not regulated, it is permissible to trade and invest, and the exchanges available in my country are officially registered at the ministry that deals with trade.
So do not generalize and overdo it, it must be studied more deeply because bitcoin has also been well received in most countries even with high-risk status.
So do not generalize and overdo it, it must be studied more deeply because bitcoin has also been well received in most countries even with high-risk status.
they should make a map of the countries that legalized bitcoin, I believe that 5 countries would not arrive. let's not confuse things, Most countries allow their people to use bitcoin, they have not legalized bitcoin. The bitcoin legalization process is the slowest, even though bitcoin has been around for many years. maybe it's because of political issues
We don't have to run a campaign for that particular reason. It's the government of that specific country that isn't allowing bitcoin to rotate on their jurisdiction.
Let them understand what bitcoin is before allowing it to pass and be in their circulation. I think the influence of first world countries do matter once they start considering it.
Various reasons they say to reject Bitcoin in their country, they still think that Bitcoin will be used as a money laundering tool so it is susceptible to corruption. That's because they don't understand the true meaning of Cryptocurrency / Bitcoin, but I am optimistic that in the future they will accept Bitcoin in their countries because many people already know Bitcoin.Let them understand what bitcoin is before allowing it to pass and be in their circulation. I think the influence of first world countries do matter once they start considering it.
There’s a big chance for bitcoin and cryptocurrency to be legalized in my country since our government starting to create a committee that will handle this one and BSP approved so many exchanges to legally operate in the Philippines. There’s a big chance that most of the country will do the same thing, though of course some will not because they’re still afraid to let their people decide on their own especially on choosing the best currency for them.
Here in our country, the government doesn't care about cryptocurrency. They aren't knowledgeable about on what we call blockchain technology, so they aren't prioritizing this kind of things. Bitcoin really does help a country a lot in its economic state so most of the countries in Asia are very mindful about this cryptocurrency. Some countries in Asia are against crypto but some are already regularizing it, like Malaysia, Singapore, Japan and etc. The country that I knew against bitcoin is China, although it is a big and well grown country but they have communist type of government so they don't want their people to become successful and independent. They always take some part on their people's income and money. If somehow bitcoin, legalized here in our country, I think that it will help us lessen the poverty in some part, not literally but if people take risk using bitcoin. It will be for the benefit of all people.
I don't know much about other countries but I can share about situation in my country - Croatia.
We can, without any problem, use bitcoin to pay for different services or products, even we can sell btc in the post offices around the country.
We also received clear instructions from the Tax office how to report taxes on the crypto profit.
We can, without any problem, use bitcoin to pay for different services or products, even we can sell btc in the post offices around the country.
We also received clear instructions from the Tax office how to report taxes on the crypto profit.
I couldn't really understand what OP means when he says about returning funds, because basically, we have different regulation per country and we couldn't blame if we can't cash in or cash out in various exchanges we have. Thus, the main problem to consider is the regulation of the government to the cryptocurrency holistically. Mainly, cashing in or cashing out relating to returning of funds would be quite easier when the regulation of cryptocurrency (tolerance) is implemented.
Dear Community in 2020 How many chances of Bitcoins Regularization in Different Countries.
While few countries banned bitcoin, there are also bitcoin friendly countries that are open for regulating bitcoin. With so many issues of bitcoin, each government is doing some reviews and study to protect their countrymen.Quote
Bitcoin Has now more than 10 Years old. But in most of the countries it is still illegal.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Exchanges and Projects are not allowing people to participate in the said Projects.Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
Yeah, bitcoin is more than 10 years now but can't you see there is still some unsolved issues that were seen by some of the countries that is why until now, it is not fully accepted by some? It is because the reputation of bitcoin is not fully established yet.
Anyway, By which campaign are you suggesting here to promote bitcoin?
But in most of the countries it is still illegal.
this is over statement mate because there are more countries that is not banning Bitcoin or even there are many who has no stand against using this so saying "most Countries" is not appropriate in this sense.Due to Government Behaviour most
Exchanges and Projects are not allowing people to participate in the said Projects.
because that is part of the rule since they are not convince about the legitimacy of cryptocurrency that is why they thing this will save their people but not knowing that they are denying a chance of profiting from this.Exchanges and Projects are not allowing people to participate in the said Projects.
Even Running Exchanges are Banning The people and not Returning Funds.We should start the campaign in favour Of Bitcoin.
lol how come they can deposit and holding their funds?only stupid people will put their money on platform or investment that is banned in their country. Jump to: