So as far as we know BTC currency is growing wide, do you think there will be when it become a national currency?If yes, why?If not, why?
I wouldn't believe the bitcoin will become the national currency, bitcoin will become the digital currency and it can't be a national currency because the bitcoin doesn't filled the currency aspect that has been listed in the law of the country. 
Topic: BTC as a national currency? - page 33. (Read 12619 times)
I can't see bitcoin ever becoming a national currency. There are many issues for any country trying to adopt bitcoin as 'their' currency. Governments normally have control over the supply of their own currency so that they can use this as a tool to manipulate the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency.
to me i think it will take some time when bitcoin will become as nationla currency, because still most of the countries has not yet conisider bitcoin as legal currency, but hope that very soon they will consider it as legal currency and then bitcoin will become as national currency I can't see bitcoin ever becoming a national currency. There are many issues for any country trying to adopt bitcoin as 'their' currency. Governments normally have control over the supply of their own currency so that they can use this as a tool to manipulate the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency.
This makes the most sense to me. Governments need centralized currency for manipulation; ergo having BTC as a national currency would defeat any tactics that the Federal Reserve or any other centralized bank could pull.
I can't see bitcoin ever becoming a national currency. There are many issues for any country trying to adopt bitcoin as 'their' currency. Governments normally have control over the supply of their own currency so that they can use this as a tool to manipulate the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency.
to me i think it will take some time when bitcoin will become as nationla currency, because still most of the countries has not yet conisider bitcoin as legal currency, but hope that very soon they will consider it as legal currency and then bitcoin will become as national currency
Yes why not I personally don't mind Bitcoin being our national currency but for that it has to get a bit more stable than it is now. Also the people in that particular country should be aware of what bitcoin is and how it works and have to accept it. Secondly the market of that country should accept bitcoin as a payment if they don't bitcoin can't become national currency. But I still think bitcoin can't become national currency but will be a dominant type of currency that would be more widespread in the coming future and hopefully get accepted in local markets as well.
Bitcoin will never become a national currency, because the central bank who is part of the fiat robbery scheme will never give it up voluntarily.
Also, why would a government wants to introduce a currency where it has no influence on it whatsoever? This doesn't make any sense for them!
very many speak of national crypto currency, And this is correct, since many financial structures and institutions use crypto currency technology, so it is very correct to have your national crypto currency. But another question, This is when Bitcoin can be an international crypto currency, for use in real trading cases. I think that this will be a very positive moment for many users and for the world as a whole. Also, why would a government wants to introduce a currency where it has no influence on it whatsoever? This doesn't make any sense for them!
Bitcoin as a national currency wont be because it is not invented by any government of any country. Bitcoin has to go a long way to grow and it has potential to grow with challenges. for this task itself need more time thus it is not possible to be as a national currency.
No Bitcoin is not a national currency.Because There are many country did not accept bitcoin.And lot of people don't know about bitcoin.Bitcoin is very important for all us but some people don't believe in bitcoin.
Bitcoin is extremely a new technology, as many countries continue to adopt this technology there are chances for bitcoin to become national currency but there arises more legal issues. So it is a hard thing, just wait for future.
They are not adopting the technology behind the Bitcoin but the blockchain technology already made them all interested to adopting it, To reduce the cost for the operational and the automatization for the financial sector, that was all of the things that i can get from to implement the blockchain in the financial institution. 
Its a fact that a lot of milestone have been achieved by bitcoin beyond what anybody could have imagined possible several years ago but here we are despite the challenges. However, being a national currency is still far from being achieved from my point of view not that its impossible, but to make it possible will be an herculean task which is not easy to achieve because of the following.
1. Our individual currency is our pride, our symbol our authority and our identity and to replace that will mean eroding such.
2. Citizens are too attached to national currency in a subjective way and even from my side, its more or less a taboo to either burn money or tear it even though, its a like a piece of paper and taking this away from people wont be anywhere easy.
1. Our individual currency is our pride, our symbol our authority and our identity and to replace that will mean eroding such.
2. Citizens are too attached to national currency in a subjective way and even from my side, its more or less a taboo to either burn money or tear it even though, its a like a piece of paper and taking this away from people wont be anywhere easy.
I can't see bitcoin ever becoming a national currency. There are many issues for any country trying to adopt bitcoin as 'their' currency. Governments normally have control over the supply of their own currency so that they can use this as a tool to manipulate the economy where and when necessary. This would not be possible with bitcoin. Furthermore bitcoin is very volatile which would not suit the needs of a country looking for a suitable currency.
Bitcoin has finally gained the recognition of a mainstream currency along the lines of other fiat currencies. The privilege follows the implementation of a new law in Japan which categorizes Bitcoin as a legal payment option within the country. The much-awaited law went into effect on April 1, 2017 (beginning of a new fiscal year in many countries).
With the new law’s implementation, Bitcoin exchanges will also come under additional regulatory scrutiny. The recognition of cryptocurrency as a legal tender also means the applicability of regulations governing banks and financial institutions to cryptocurrency exchange platforms. They will be required to comply with strict anti-money laundering (AML) and Know Your Customer (KYC) requirements, along with annual audits. Other requirements include meeting the stated capital and cyber security requirements to ensure consumer protection.
The recognition of Bitcoin and other cryptocurrencies as legal payment instruments is good news for the global cryptocurrency ecosystem. Adoption of cryptocurrency is expected to increase among people, which will, in turn, drive demand and price.
With the new law’s implementation, Bitcoin exchanges will also come under additional regulatory scrutiny. The recognition of cryptocurrency as a legal tender also means the applicability of regulations governing banks and financial institutions to cryptocurrency exchange platforms. They will be required to comply with strict anti-money laundering (AML) and Know Your Customer (KYC) requirements, along with annual audits. Other requirements include meeting the stated capital and cyber security requirements to ensure consumer protection.
The recognition of Bitcoin and other cryptocurrencies as legal payment instruments is good news for the global cryptocurrency ecosystem. Adoption of cryptocurrency is expected to increase among people, which will, in turn, drive demand and price.
Making Bitcoin as a national currency is not possible because not all people in the world is using Bitcoin, For this to happen Bitcoin should be recognise first by the government of each country. But since not all people can used Bitcoin because some doesn't have internet connection then getting BTC as a national currency is really not possible.
Bitcoin is extremely a new technology, as many countries continue to adopt this technology there are chances for bitcoin to become national currency but there arises more legal issues. So it is a hard thing, just wait for future.
They are not adopting the technology behind the Bitcoin but the blockchain technology already made them all interested to adopting it, To reduce the cost for the operational and the automatization for the financial sector, that was all of the things that i can get from to implement the blockchain in the financial institution. Bitcoin can never become a national currency for any country,or in this world because bitcoin is decentralized and no one controls the generation of bitcoins. No enforcement agency can control the supply of bitcoin.it was not permission for this national government so this why Btc is not as a national currency.
Being a national currency meaning owning the coin and I don't that would be a good idea because if that woukd be happen the price of bitcoin will be probably fixed and it may not be useful globally as it is today. Government will have the control over bitcoin which I think will result to negative feedback of users
Yes, bitcoins are not created to be owned by one particular state or a person. Indeed, making them national currency will surely lead to the nonvolatile nature of the bitcoins. People will lose interest if it also starts working like conventional currencies. Investors are attracted towards bitcoins because they see them as investments not a currency. 
Bitcoin is not designed in a way that it can replace national currency and become the dominant mode of payment in a country. It is an international currency and I don't think it will be able to dominate any country's market until government is there. Also a deflationary currency like Bitcoin is not good for economic development. It hinders the growth.
Bitcoin opposes national currency's and one of the biggest benefits of cryptocurrency as a category is the fact that it's decentralized and detached from any government.
Governments may adapt Bitcoin, don't get me wrong, but it will never be tethered to or managed by a nation.
Governments may adapt Bitcoin, don't get me wrong, but it will never be tethered to or managed by a nation.
Maybe, in the future bitcoin will be implemented throughout the world but dollars and other currencies will continue to use in order to control the nation's currency .
American dollars are valued almost everywhere in the world, and the Euro is a currency in the whole europe, Bitcoin is a bit like the Euro, because of its unifying feature.
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