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Topic: Do you want to see Bitcoin legal in your country? (Read 1568 times)

member
Activity: 364
Merit: 10
Personally I want bitcoin to be legal in my country, but I realize bitcoin still has some drawbacks which is the reason why I understand it's not yet legal in my country. The drawbacks I mean are, firstly the value of bitcoin currency is very volatile so it is very risky if it is legalized, secondly it is still so easy for hackers to break into someone's bitcoin so of course there are still many people who will think again about it.

While on the other hand, bitcoin has actually brought a positive impact in the form of an increase in the economy for me personally.
newbie
Activity: 20
Merit: 0
Bitcoin trading is legal in my country. But there is almost no business that accepts bitcoin as legal payments. I want this scenario to change. I wish to see more businesses accepting bitcoin payments for daily transactions. That will help us to remove the central oversight and unnecessary intermediaries. Bitcoin will make our transactions more secure and transparent with the help of blockchain technology.
member
Activity: 119
Merit: 46
In my country Bitcoin is illegal. Government concern it as a money laundering but there's a possibility to get crypto as a legal tender or it should be accepted by government. PayPal announced that they will start their journey on December I'm sencerily looking for it. If it's get approved on our country we may see crypto as well.

Although we are in very disadvantage. Our freelancer and those who interested in crypto and crypto trade they can't just show their excitement in our society.

But I'm looking forward it's future
sr. member
Activity: 2618
Merit: 439
I have only one desire about My government towards Bitcoin and that is extend the help in advertising for crypto specially bitcoin , because my country stands towards Bitcoin is not illegal but the approach is very pale and does not even giving a small appeal for the public.
all of us desires Bitcoin to become Legal in our country meaning we can use the coin in all aspect like what EL Salvador is tasting now.
how i imagined using bitcoin in 7/11 by purchasing my favorite Slurpee lol.
sr. member
Activity: 1960
Merit: 273
★Bitvest.io★ Play Plinko or Invest!
Depending on what kind of the legal regulations ? basically bitcoin does not have a fixed value and everyone sees it as an investment coin I think almost all countries have legalized bitcoin but for the function of bitcoin  still unknown, except for altcoins that are made to have their own function
most uses are limited to certain platform transactions. bitcoin or altcoin that can be used only on platforms that do adopt crypto. and for the medium of exchange on the platform, I guess it becomes legal.
but it is indeed used for large and majority transactions. it is still not achieved by bitcoin. most of them only legalize bitcoin as an investment asset, not a transaction tool. that's because of the regulations of each country that authorizes legal tender.
but I'm sure it's not a big problem in the long run. I am still optimistic that in the future there will be changes in the payment and financial systems in the world. and bitcoin and crypto will have a big role to play there.
full member
Activity: 588
Merit: 100
I think of course everyone will want something like that illegally like in my country it will make bitcoin taxed so that it adds foreign exchange for the country because every investment there must be supervision from the government if this is really legalized then of course it will have a good impact for miners and also the continuity of bitcoin in various circles, especially will get positive trust from the public, of course it will be a very good thing if bitcoin is legalized in various countries
Bitcoin legalization is what we all want here. Of course, with legalization from the government, there will certainly be many positive impacts for bitcoin itself. With the legalization, many new investors will enter, because they feel comfortable and safe with the protection from the government
Depending on what kind of the legal regulations ? basically bitcoin does not have a fixed value and everyone sees it as an investment coin I think almost all countries have legalized bitcoin but for the function of bitcoin  still unknown, except for altcoins that are made to have their own function
member
Activity: 602
Merit: 11
I think of course everyone will want something like that illegally like in my country it will make bitcoin taxed so that it adds foreign exchange for the country because every investment there must be supervision from the government if this is really legalized then of course it will have a good impact for miners and also the continuity of bitcoin in various circles, especially will get positive trust from the public, of course it will be a very good thing if bitcoin is legalized in various countries
Bitcoin legalization is what we all want here. Of course, with legalization from the government, there will certainly be many positive impacts for bitcoin itself. With the legalization, many new investors will enter, because they feel comfortable and safe with the protection from the government
member
Activity: 532
Merit: 25
To say the truth I’m not quite happy with the fact that my country is going to legalize crypto. What in fact is giving the legalization of cryptocurrencies for an ordinary trader? It is giving nothing. Governments want to legalize crypto because then they will have an opportunity to require obligatory KYC and to get fees from transactions and income. Legalization of crypto complicates for a trader an opportunity to continue to remain anonymous in crypto world.
hero member
Activity: 1778
Merit: 746
I don't want to see bitcoin legal in my country, if bitcoin is legalized in my country of course bitcoin is taxed by the government and it bothers me a lot.
Though we benefited if bitcoin stays unregulated but we cannot have that kind of benefits forever, eventually your government will make a decision to either regulate bitcoin or ban it, so which one would you choose to see?
this is true, especially now that the government has realized the rapid development of bitcoin. I'm pretty sure, many things people will do even when their country bans bitcoin. because of that, the government would be wiser to make regulations regarding bitcoin rather than ban it.
other than that, instead of seeing bitcoin banned in my country, I prefer to see bitcoin having regulation. although it is not legal as a currency, but having regulation as an asset or place of investment is good enough.
full member
Activity: 359
Merit: 100
Reinventing Decentralised Finance on BSC
Bitcoin is still legal in many countries and illegal in many countries. Do you want, Bitcoin to be legal in your country?  
Do you feel the need to legalize Bitcoin in your country?
Are your ideas about Bitcoin positive or negative?
What is your personal opinion about this?
What do you think, if bitcoin is legalized in your country, the country will be improved or will be damaged?
I definitely want Bitcoin to be legal in my country, and I feel the need to make Bitcoin legal in my country.

Bitcoin is not yet legal here in our country. We all want that Bitcoin will be legal in our own country so we can freely use Bitcoin as a legal tender.

And I believe if Bitcoin will be legalized, this will help to stop inflation rate to increase. And purchasing power of money will never decreases as what we are experiencing right now.

But the problem is, government won't allow things that they do not control. So I guess that is the reason that they will introduce the CBDC.
legendary
Activity: 3080
Merit: 1292
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I don't want to see bitcoin legal in my country, if bitcoin is legalized in my country of course bitcoin is taxed by the government and it bothers me a lot.
Though we benefited if bitcoin stays unregulated but we cannot have that kind of benefits forever, eventually your government will make a decision to either regulate bitcoin or ban it, so which one would you choose to see?
full member
Activity: 1176
Merit: 100
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I don't want to see bitcoin legal in my country, if bitcoin is legalized in my country of course bitcoin is taxed by the government and it bothers me a lot.
member
Activity: 980
Merit: 10
Of course I want to see it legalized, only problem though is that I will have to put up with some unfair regulation because that's going to be a given thing when bitcoin becomes legal, remember the time when liquor was banned during the Prohibition? When it became legal, there was a lot of regulations about alcohol that was unfair to the people.
I think this will be a little different, because we know that liquor is not very good for health if consumed continuously, so as long as they limit their consumption I don't think it's too much of a problem but they don't do that, therefore the government enforces some rules that indeed to make them more balanced in use.
on the other hand bitcoin is different even if they are legalized, the government will not be able to fully touch and regulate bitcoin because bitcoin is an asset that is very difficult to control
full member
Activity: 463
Merit: 102
Yes and of course not only me but oll of my country,s online traders want it. because its will not only  give me profit but also its better for country,s economy.Let me explain how it will benefit our country first and big benefit is it the bitcoin traders  will pay the tax on every transaction ,and think how Many transaction will be in a single day that's why we all want and its our demand to legalization bitcoin in our country.
legendary
Activity: 2590
Merit: 1882
Leading Crypto Sports Betting & Casino Platform
In my country, the fact that BTC is legal would be something great, because I think that the exodus of people to other countries would end, in fact having an economy based on BTC would be the best thing that could happen, as long as the government and public entities pay in terms of BTC with a rate based on USD, because there it would be the idea, and in fact that would be the fuel for the workforce to strengthen and start a new era, in fact, it would be the perfect solution, of course they would have We have to give many freedoms and that means the total and complete liberation of the dollar, which, there would be no excuses, would be a nation that would emerge quickly, just as El Salvador is doing.
newbie
Activity: 30
Merit: 0
I have seen what happened in El Salvador and I am pretty sure that same scenario would play out in other countries also. As long as my money is safe and I have easy access to it in the name of bitcoin, I am okay with it not being a legal tender in my country.
sr. member
Activity: 1274
Merit: 293
Of course I want to see it legalized, only problem though is that I will have to put up with some unfair regulation because that's going to be a given thing when bitcoin becomes legal, remember the time when liquor was banned during the Prohibition? When it became legal, there was a lot of regulations about alcohol that was unfair to the people.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
From an economic point of view, the importance of Bitcoin is immense. If one wants to keep pace with the world today, one must be involved with cryptocurrency. Why not, it is going to be the main medium of tomorrow's transaction. If we think about our country, Bitcoin is still banned here. The government is working on it. Many freelancers receive their payments in Bitcoin and many have to pay in Bitcoin. If you want to buy something from the international market, you have to do it in Bitcoin. So now it has become the most important issue in our country. However, we are hopeful that the ban may be lifted from our country very soon.
would like to see that in the near future. however, it is true that we need to adapt to the current technological developments. although bitcoin is still illegal as a currency in some countries, many countries have provided special regulations regarding the permission of bitcoin as an investment tool, although the important note is that the risk is not borne by the government.
I think, we all want to be free to use bitcoin in our country or outside. unfortunately, regulation for bitcoin is not that easy to make legal. even some countries oppose the development of this technology because they feel disadvantaged. This looks like it will take quite some time.
full member
Activity: 1736
Merit: 116

I'm sure every member of this forum who invests in Bitcoin would want Bitcoin to be legal in their country, because by being legal in our
respective countries, we can be more calm and proud to use Bitcoin.

My country grants Crypto legal permission only as an asset, not as a means of payment. That alone has made me very happy. I am very confused if my country will ban all crypto-related activities.  My country making it legal within commodity limits has provided enough room for traders to improve their financial. I didn't expect more, the space given in my country was already huge. But if later they will legalize of course I would be happy, maybe legal as a means of payment but there will be even stricter regulations if that happens.

I agree that as long as the government of our country does not prohibit the use of crypto at all, it is very good. Although it is only allowed as
a digital asset and prohibited from using it as payment, we should be grateful for it. Because there are still some countries that prohibit their
citizens from using crypto at all, and must make its citizens have to covertly if they want to use crypto. But I believe the government's decision
will not be permanent and may change in the future, so for countries that can only use crypto as a digital asset, never stop hoping to use crypto
as a payment. Likewise with countries that until now still prohibit the use of crypto, in the future maybe the government can change its mind
and legalize crypto. For now we must be patient with each of our conditions and must be optimistic about the future of cryptocurrencies.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
Of course we all wanted lol, but since my country is neutral about bitcoin ? then i think im ok now though if given a chance i will vote vor bitcoin legalization and adoption here.
Definitely, I want it to be legal, so that we will be able to easily buy or sell anything without waiting for a transaction to get authorised and then get released. It will be done directly from the wallet within nanoseconds, and that will add a lot to the development of the country.

the point is , are you sure you can spend your bitcoin over Fiat? or will keep the Holding.
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