Topic: Do you want to see Bitcoin legal in your country? - page 13. (Read 1568 times)
I am living in a country where cryptocurrency is already 100% legal. Some of the critics want it to be made illegal again, citing increased usage in illegal activities. But in general no one really pays much attention to these losers. Now taking the bigger picture, the economy in my country, as well as the national currency is quite strong (unlike the case in some of the neighboring nations where they have manipulated economy and national currency). So we don't have much to worry about the economic impact of the cryptocurrency.
It depends on how they make it legal, in some countries the governments will make bitcoin legal and force people to use the local centralized exchanges so the government can easily track them and their funds, and later they will need to pay tax for each exchange they do and each asset they hold if my government is trying to do such thing I prefer to never see bitcoin legal in my country because in my own idea whole point of bitcoin is to have the economic privacy and don't let anyone know about your funds.
Not really, to be honest I prefer if they stay neutral about it and continue doing power plays to stay in power and be corrupt than have themselves dabble in crypto scene, they're not deserving of it and most of the time, they're going to make a regulation that's only favorable to them and not the people.
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.
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.
I would definitely want that, without any doubt! My country houses 1.3 billion people so if bitcoin is made legal here, the demand will skyrocket beyond expectation. Also I believe it will help my country in generating employment for tech savy millenials which will in turn boost tax revenues. The businesses around this sector will become more streamlined. So it's definitely a positive.
But unfortunately my country is run by a bunch of religious jokers so I don't have much hope!
Bitcoin legalization in my opinion is very important, if the state limits or even totally bans bitcoin it will be difficult to receive cash from bitcoin transactions, of course this is the hope of all users around the world so that if it is legalized then bitcoin will be equivalent to other types of investments.
This question is not that simple. Intuitively, it seems good that cryptos get legalized. However, this also means they get regulated, and the regulations can be very different. If it's legalized as a form of money (legal tender), it's awesome because it means that Bitcoin is not taxed as such and only other taxes, depending on the character of the activity, are expected to be paid. If it's legalized as property, on the other hand, Bitcoin is taxed on its own and property taxes are sometimes very high. It also depends on the initial state before the regulation: it can be outright banned, or it can be in the neutral gray area. If it's banned, then regulations are good news. But if it is in the gray area, it's actually quite comfortable to use it. In my country, it used to be in the gray area, and now cryptos are officially legal, but the tax implications weren't figured out yet, so I don't know if this is good news.
There's no need to legalize bitcoin, what they need to show is that they're willing to adopt cryptocurrencies in all aspect. It's all that they have to do and there's no need to make it as a legal tender just as what others have been thinking.
It's not that because it's not a legal tender, bitcoin's influence as an asset will change, no, it remains the same and it can work even perfectly being adopted despite not a legal tender.
It's not that because it's not a legal tender, bitcoin's influence as an asset will change, no, it remains the same and it can work even perfectly being adopted despite not a legal tender.
For me personally, in my country it is not yet officially legalized, but there is no prohibition at all to enter into Bitcoin and other cryptos. I don't think this is a problem, even though the government has not fully responded to cryptocurrencies... but citizens can still get the advantages and benefits of Bitcoin so they can boost their respective financial conditions.
Whether legalized or not, everyone would want to see Bitcoin legal in their country. I think it's actually Bitcoin given effect to the positive side and can advance its citizens, it's just that the government is still considering several things related to the risk.
Whether legalized or not, everyone would want to see Bitcoin legal in their country. I think it's actually Bitcoin given effect to the positive side and can advance its citizens, it's just that the government is still considering several things related to the risk.
Bitcoin is still legal in many countries and illegal in many countries. Do you want, Bitcoin to be legal in your country?
you are asking in Bitcoin forum so do you think someone will answer NO in this question?Quote
Do you feel the need to legalize Bitcoin in your country?
again you are asking Bitcoin people so expect the answer is YES on this one.Quote
Are your ideas about Bitcoin positive or negative?
Where did you get these stupid question? maybe best to post this somewhere when FUD are active.Quote
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.
Everything in my eyes about bitcoin is positive , because i trust bitcoin and i will keep in trusting this till all the country in the world accept thi. 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.
I don't think that the question about legalization is too important for Bitcoin. In most countries in the world Bitcoin is legal (ie it is allowed to use it). Only a few countries ban Bitcoin.
Much more important question for me at least is how does a country handle Bitcoin (and all cryptocurrencies) tax-wise.
A prohibitive practice of taxing cryptocurrencies might render an otherwise legal currency de facto illegal. Meaning that people will avoid using it due to regulations that are not directly aimed at harming crypto.
Much more important question for me at least is how does a country handle Bitcoin (and all cryptocurrencies) tax-wise.
A prohibitive practice of taxing cryptocurrencies might render an otherwise legal currency de facto illegal. Meaning that people will avoid using it due to regulations that are not directly aimed at harming crypto.
It doesn't matter whether Bitcoin is legal or illegal, the important thing is that my country does not prohibit and does not order, the risk is borne by the Bitcoin users themselves in investing and trading crypto, there is no law to sue in case of loss and conversely no law to sue if a Bitcoin user succeeds.
Bottom line: for now is better, than a lot of rules.
What's even more great my country is not participating like China did recently, my country's authorities say we don't join China, that's the best thing for Bitcoin users in my country.
Regards.
Yoshie.
Bottom line: for now is better, than a lot of rules.
What's even more great my country is not participating like China did recently, my country's authorities say we don't join China, that's the best thing for Bitcoin users in my country.
Regards.
Yoshie.
Bitcoin is still legal in many countries and illegal in many countries. Do you want, Bitcoin to be legal in your country?
As in you can used it to transact inside your country? Why not?
Do you feel the need to legalize Bitcoin in your country?
If it's being legalised then there will be the appropriate incentives for us.
And then the tax.
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.
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.
We have seen people having their financial freedom when they involved themselves into bitcoin. As for the effect on the country itself, still early to say, but we have El Salvador "experiment" right now. So maybe in the next 2-5 years we will see if it did improved or damage their country as a result of legalising bitcoin and then getting into the bitcoin mining business as well.
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In my country, Government tend to ignore this matter unless they will have something to get on it personally. IIRC, There is no government official except to Manny Pacquiao that shows interest in crypto that's why SEC here are very slow to adapt Bitcoin or Cryptocurrency in general. But of course who would not like to see Bitcoin as legal currency in there respective country though? The main question is when will government will start to care.
Bitcoin is still legal in many countries and illegal in many countries. Do you want, Bitcoin to be legal in your country?
Yes, but it will need a long time to see bitcoin become legal in my country and other countries.Quote
Do you feel the need to legalize Bitcoin in your country?
I think so because with legalize bitcoin in my country, people will not have to be afraid of using bitcoin and use it for many things.Quote
Are your ideas about Bitcoin positive or negative?
I am positive because that can give you a new way to invest and make money term.Quote
What is your personal opinion about this?
Hopefully, there are no problems for us and people to use bitcoin from now on and in the future and we can use it daily.Quote
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.
Maybe it will improve but it needs time before we will see what field will improve. But people who try to make money from bitcoin will have a new way to earn money. I definitely want Bitcoin to be legal in my country, and I feel the need to make Bitcoin legal in my country.
I want bitcoin to be legal in my country because what I know is that crypto in my country is now one of the virtual assets that some people choose. The positive and negative sides depend on the country that legalized the bitcoin. so if bitcoin is legal in my country, maybe it will be easier to make transactions with bitcoin and make it easier to use bitcoin for everything
Of course, what you desire may also be desired by almost many who are involved in crypto, it will certainly make it easier for us to do what we do. because there are rules that are also made to at least protect users from people who might do harmful actions.but of course it is not easy, because the state will always look at it from all aspects so that there is no misuse that could be detrimental to the country which will later be used as money laundering from the escape of criminal acts.
so let everything be calculated correctly, good and bad and not just because it accommodates what is our convenience.
when you say legalize, do you mean make it as a legal tender like what El Salvador did? if that is the case then.
Do you feel the need to legalize Bitcoin in your country?
it's not that I feel the need but it'll be nice to be able to use bitcoin to my favorite stores or buy daily neccesities without me needing to exchange it into fiat first.Are your ideas about Bitcoin positive or negative?
positiveWhat do you think, if bitcoin is legalized in your country, the country will be improved or will be damaged?
I am not an expert in economics I don't much what effects it'll have in the country. 
Ehh, sure if they legalize it then fine that's good. If not, I couldn't really care less because I can still use bitcoin regardless if it's legal or illegal anyway. Being able to use it even if it's illegal is one of the main points of it in the first place. 🤷♂️
It's important to keep in mind that the main point of making bitcoin legal is that governments want to control its usage, which basically means if someone is using bitcoin in a way that hasn't been approved by authorities, he is none other than a criminal. Legal bitcoin is boring because that means it has been deprived of its main features: you can't send your transaction to whatever people you want, you can't buy bitcoin anonymously, you can't trade on decentralized and KYC-free exchanges, you may be even not allowed to have a node running, and, of course, you can't mine transactions that are in a blacklist. Anyone wanting bitcoin to be allowed in his country doesn't really realize what he is asking for.
The main difference would be if it's legal tender or not.
And that's mainly because you wouldn't have to pay capital gains tax on it, which would be great.
And that's mainly because you wouldn't have to pay capital gains tax on it, which would be great.
Legal tender laws were introduced specifically for fiat money for the reason that fiat cannot withstand competition with better money, thus it needs to be coercively imposed. Bitcoin obviously doesn't need such protection.
Bitcoin is legal in most countries, but it is legal as a "commodity" and not legal tender. The reason for this is simple, because the governments of the world are protecting their monopoly on printing fiat currencies. They do not want any "private" currency to replace the fiat currency that they control.
We need to understand that the world economy is artificially kept alive, through the manipulation of local currencies ... the Reserve Banks determine the supply of currencies and they manipulate the value of those currencies.
Why will they allow a competitor that are not controlled by them?
We need to understand that the world economy is artificially kept alive, through the manipulation of local currencies ... the Reserve Banks determine the supply of currencies and they manipulate the value of those currencies.
Why will they allow a competitor that are not controlled by them? 
The main difference would be if it's legal tender or not.
And that's mainly because you wouldn't have to pay capital gains tax on it, which would be great.
And that's mainly because you wouldn't have to pay capital gains tax on it, which would be great.
Bitcoin is still legal in many countries and illegal in many countries. Do you want, Bitcoin to be legal in your country?
Possibly, we can put it this way – Bitcoin is still legal in many countries and illegal in A Few countries. Truth is most countries are simply sitting on the fence on the Bitcoin issue. Until recently when the Nigerian government came out openly and put a ban on it, it sat on the fence. Howbeit the ban, Nigerians haven't still relented on trading in Bitcoin/cryptocurrencies and rendering the ban of no effect. Whether legalizing Bitcoin or not, people will continue to trade and hodl it. In fact, for the fact that the government is against (without any cogent reason) is what has drawn more attention to it. I think I like regulation for the crypto industry, provided it won't be one that will strangulate what Bitcoin/cryptos stand for. Otherwise, Bitcoin is better left the way it's. Jump to: