Topic: Do you want to see Bitcoin legal in your country? - page 12. (Read 1568 times)

The place where you made the post most of all here is Bitcoin lover. So definitely all we love to see Bitcoin legalize in our country. My thought is if a government accepts Bitcoin as legal tender, both will be benefited from that, citizens & the government as well. Because it will be easier to use for users and the government will get tax. The thought about the crime isn't valid IMO banning Bitcoin. Because still, criminals are using both fiat and Bitcoin. It wouldn't be a good reason to not legalize Bitcoin. We should walk with the trend.

For my country, not legal right now.But we can use bitcoin and others crypto. I think it will be legal for my country in future. Bitcoin is digital currency. Many people investment bitcoin and many companies are interested to investment in bitcoin. Bitcoin is most valuable coin in crypto market right now.I think bitcoin use, For me positive. I think bitcoin will more development in future and bitcoin price will be increase this and and future.

Bitcoin is legal where I live but there are too many regulations that are making a lot of people to not want to deal with cryptocurrencies because of it, and while I would like those regulations to not be so strict at the same time I know that is precisely why they were created that way, so I care about that but only because I want other people to be part of this market because when it comes to me I do not care if the government declared that bitcoin was illegal I will still hold it.

However, centralization is not always bad. When bitcoin is legalized it means it has legal protection. Citizens can demand justice when a crime befalls them on the condition that it must be under control, so that it is possible to recover. Conversely, the use of bitcoin freely (decentralized) means that you are not taking any risk protection guarantees.

In addition, the risk of bitcoin is not always related to crime, we can inadvertently be the cause of the risk of loss. Keep in mind that bitcoin has built-in "risks" in some people's view:
- Transactions cannot be reversed
- Keys cannot be reset

I would welcome if bitcoin would be legal in my country, I still have the decision to choose to be controlled or to remain decentralized.

of course i want my country to legalize bitcoin but who wouldnt be ? maybe if your a bitcoin hater , you wouldnt want to .
 although bitcoin is already legal in my country but not in a way like  el salvador did or their country's president did and i want our country to be like that or our president to be like nayib bukele , that has a full support of bitcoin and to the people of its country.  

i guess this depend on the dictator and also of the users of bitcoin in one country .
 if they dont know how to use btc and it turns out they are using it in a bad way then country will not improve but it will be damaged .

Do I want ? of course, there will be more services related to bitcoin will be much easier. is it necessary in my country at this time? I don't think so because the crypto regulations in my country currently allow trading and owning crypto as long as it's not used as a means of payment. The important thing for now is that there is no prohibition on the use and ownership of crypto, because it will definitely make it difficult for crypto user to exchange their money.

As long as the State doesn't get in the way its ok. Too much regulation isn't good either, then we get things like KYC/AML, next thing you know someone steals that data and sell it to crooks to find you...

The less State, the better. Some of the "gray area" countries are friendlier to Bitcoin than "legal" countries when they want to tax your "possessions" or what not.

"Revealing" to "prove" you are not a criminal, gives criminals the very information they need to commit a crime against you. Sometimes they are even part of that very State...

Not revealing your honest earnings doesn't mean you have "something to hide", but that you don't want to be "found" by the wrong people...

Its all fun and games until they kidnap you or worse. This could be an irreconcilable problem for people living in "nice" places they simply don't get.

Reminds me when we try to warn foreigners to not bring any Apple products or wear any jewelry. If you casually show you are in possession of an iPhone, its the same as painting a target to your body, you WILL get mugged (at gunpoint) or worse. Well same thing.

We don't need the government to accept bitcoin as legal tender like El Salvador, it would be better if all countries accepted bitcoin and bitcoin users would be protected by law. On the contrary, if bitcoin is not legal then it will not affect the development of bitcoin and people will still use and trade it somehow. In fact, bitcoin is still being traded in countries that do not yet accept it legally.

With the fetish of bitcoin, of course, the revolution in blockchain technology led by bitcoin will have a worthy outcome of global adoption.  I hope bitcoin will be legal in the country where I live although the wait will take a long time.  For now, the focus is on South America, Paraquay or Brazil will be the countries that I assess will make big moves towards bitcoin legalization.  After Aureo Ribeiro announced the actions seem to be ready for the final stage to legalize bitcoin, we will see Brazil legalize bitcoin soon

Legalization in my country will only serve as an advertisement for the nation. We are free to do what ever we want with it with no regulation and possible ban. However due to this, scam is very prone specially to the newbies. Its sad that only few are gaining interest in crypto and they are focusing in other things. If BTC become legal, I hope many of our citizen will be knowledgeable about it.

Bitcoin is a legal asset in my country as a commodity asset based on government decision. But bitcoin is still not legal as legal tender or legal currency in my country because it is against existing regulation and I don't see the government considering its legality as a legal currency in the near future.

It doesn't matter if the government doesn't want to legalize bitcoin as a legal currency as long as they still don't mind legalizing it as a tradable asset. In fact I can use it as a means of payment especially with those who agree without having to disclose the purpose of the transaction to anyone except between the buyer and seller. It would be nice if the government legalized it because it would add to the list of countries that legalized bitcoin as a legal tender. But as I said above, that's not going to happen anytime soon.

In our country btc is not legal yet. The government still states that bitcoin is not a legal tender. But regardless of whether it is illegal or not, the most important thing is that we are not prohibited from investing and transacting with bitcoin. So far it's still not a problem in my opinion. In fact, if it is legal, there is a fear that the government will regulate all of our freedoms until bitcoin loses its character. Because usually something that is legal there will be rules that must be submitted to the government.

Yes, we want it to be legalized in my country. Based on the evidence we had see concerning other countries that made bitcoin legalized in their countries and how their economy is doing well. If bitcoin is legalized in my country many things will change positively in my business and other citizens business because we have the knowledge of how to use it positively in the country. If bitcoin legalized in my country it will not damage anything in the country than to improve the economy the covid-19 has reduced to zero level .

If the government can make it legalized in the country, it will really help undergraduate in the country. Many graduate will make use of the opportunity  positively in the community.

I don't want bitcoin in my country to be legalized because if bitcoin is legalized then the fiat value in my country has no value, I'm happy with the current situation bitcoin in my country is still illegal and bitcoin holders are not penalized.

Not only you, many people want Bitcoins to be legalised in their country.
As it’s currently not legalised, so we are facing many difficulties in exchanging the money to FIAT.
Yes i too agree all the things have a bad side effect and that is the part that the scammers take advantage.
But yes it would be better for many people if the Bitcoins are declared as legal assets.
Willing to here from rest of community regarding this matter.

if you ask if we want bitcoin legal in our country, I personally would really like bitcoin legal in my country, because I want to feel the freedom experienced by countries that have legalized bitcoin, such as el salvador country. but i think in my country The government doesn't want to legalize bitcoin.

according to my estimation, everyone on this forum, definitely wants bitcoin legal in their country, including me personally, I really want bitcoin legal in my country, but what can I do, the government in my country is currently focusing on the covit problem, and corruption problem, so the government in my country doesn't think about bitcoin at all..

For now only a few countries that have just legalized bitcoin even they already use it as their currency, but many countries are currently considering the use of bitcoin because from some people still consider bitcoin is only a bubble and only lasts a moment, but the proof is that bitcoin is growing until its value can reach the highest number, We as bitcoin users certainly hope that the government will soon legalize bitcoin so that state revenues are higher if used according to the procedures that have been implemented, but this all needs a process.

Yes for sure many of us would like to see bitcoin became legal to our country since we will not struggled to do more transaction in terms of withdrawals and also we can use bitcoin everywhere especially on physical merchants to buy something what we like.

But what I don't like about this idea is the taxation since for sure government will take a huge percentage tax from our transactions or profits.

Our country welcomed and embraced cryptocurrency way back in 2015 up until to this date. The usage of bitcoin and other cryptocurrency coins are legal however, it was made clear by our central organization that any cryptocurrency coin isn't backed up by any goods nor recognized as a currency because it isn't issued by the banks themselves. They made cryptocurrency legal and regulates it in accordance with a circular they have made under the central bank's jurisdiction.

Despite crypto being legal here in our country, there are still only a few banks that are crypto-friendly. Most of the banks do not accept money that came from cryptocurrency and they do not allow crypto transactions. There are only a few platforms and digital banking apps that are allowing such, making it hard to process transactions using your debit/credit card. Hence, you'll have to find other ways to cash in money to trading platforms or to deposit your hard-earned money from doing crypto. Otherwise, they'll tag your account with unusual activities, eventually closing or totally banning your account.

I hope there would be more banks that will be crypto-friendly because I can hardly name a few here in our country making it difficult to most of us to use the usual accounts we have. In terms of legality, sure we do feel it here because we can do any crypto-related things such as trading, investing, and the likes. The issue just lies on the banks really because most of them have a negative perception when you tell them that you make money from crypto.