Do you want to see Bitcoin legal in your country? - page 5.

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Quote from: Alert31 on October 16, 2021, 09:41:45 AM

Recently virtual currencies were legalized and cryptocurrency exchanges are now regulated in our country, however bitcoin and other "virtual currencies" are still not recognized as a currency because we all know that government does not want a currency that they have no control over it.
If bitcoin is legalized, it can help our government through taxes and people will become complacent and comfortable in using it.

there are many benefits when the government accepts bitcoin as a legal tender for the state, such as making it easier to make tax regulations, reducing unemployment, and so on. as it is also very beneficial for crypto users because it will most likely make it easier for crypto users to convert fiat into bitcoin.
however, seeing bitcoin becoming so attractive, I think the use of fiat will decrease. this will make it difficult for the government to accept it. even some countries banned bitcoin for that reason.

SyndicateLabs

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I just like it legal in your country and illegal in mine

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But I will still use it because nothing is legal or illegal, simply using it is not a legal issue anymore.
Like cannabis I in some countries like Canada I can use comfortably, but if I do it where I live now maybe I'll be in prison for a few years

. The legal perspective will be difficult to apply on a large scale, that is the view I think.

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Quote from: Rabi3 on October 18, 2021, 06:50:23 PM

Quote from: tokyohd on October 04, 2021, 10:08:48 PM

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.

If my country legalized bitcoin I would be very pumped, but sadly I don't see that happening anytime soon and probably won't happen, my country is far behind on almost everything, maybe my only solution would be moving to another country that support it if I can and if it's worth it.

Maybe the citizens first need to step up before the government take action towards this new technology introduce to them since if many citizens on your country use cryptocurrency for sure the government will be pin up that there's ongoing new tech becoming viral on their jurisdiction. So maybe try to work spreading the word of it on your own first since little share on your social media timelines will help since your friends will start to notice and they will start digging information about it.

Rabi3

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Quote from: tokyohd on October 04, 2021, 10:08:48 PM

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.

If my country legalized bitcoin I would be very pumped, but sadly I don't see that happening anytime soon and probably won't happen, my country is far behind on almost everything, maybe my only solution would be moving to another country that support it if I can and if it's worth it.

Rishabh riyz

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Wanting a cryptocurrency to be legalized obviously many would want that but they may come with more disadvantages than advantages ,
first off if you want to use BTC or any other cryptocurrency to be used in for daily transaction wouldn't you feel restricted to think cryptos as investment and not use them like normal fiat currencies, wouldn't you think as if you are giving 10 bucks for the pizza or would you regret giving some tokens that may be of high value in near future , people would still treat cryptocurrency as investment rather that mode of transaction due to the highly fluctuating value ,
even if the purpose would be to introduce online payment almost every developed countries or developing country have working online apps linked with their bank accounts and some even having their own online wallets.

bitgov

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Quote from: Alert31 on October 16, 2021, 09:41:45 AM

Recently virtual currencies were legalized and cryptocurrency exchanges are now regulated in our country, however bitcoin and other "virtual currencies" are still not recognized as a currency because we all know that government does not want a currency that they have no control over it.
If bitcoin is legalized, it can help our government through taxes and people will become complacent and comfortable in using it.

Unfortunately, it is true. I think most governments will have to recognize cryptocurrencies as full-fledged money over time, but now they don't really know how to do it. Of course governments don't like anonymity and most of all don't want to give up control over finances. But sooner or later they will have to do it. It is only a matter of time, in my opinion.

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Quote from: Alert31 on October 16, 2021, 09:41:45 AM

Recently virtual currencies were legalized and cryptocurrency exchanges are now regulated in our country, however bitcoin and other "virtual currencies" are still not recognized as a currency because we all know that government does not want a currency that they have no control over it.
If bitcoin is legalized, it can help our government through taxes and people will become complacent and comfortable in using it.

They can still benefit from crypto even if they will not consider it as a legal tender yet, and yes they can't control bitcoin because no one can control bitcoin due to its decentralized nature. As they regulated the exchanges, that means the exchanges will pay taxes, and people who are making a profit from cryptocurrency transactions or ventures are also obliged to pay taxes. If only bitcoin is not volatile, it would be easier for the government to consider it as a legal tender as there's no risk in using it.

Alert31

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Recently virtual currencies were legalized and cryptocurrency exchanges are now regulated in our country, however bitcoin and other "virtual currencies" are still not recognized as a currency because we all know that government does not want a currency that they have no control over it.
If bitcoin is legalized, it can help our government through taxes and people will become complacent and comfortable in using it.

Sebas.tian

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Bitcoin is already legalized in my country and many bitcoin users are really using it positively to earn well from their investment. We are seriously enjoying what others countries that made bitcoin legalized are enjoying because it has so much positive impact to the youths and the community.
Any country that make bitcoin legalized will start see some positive financial changing in the country which many investors who are used to bitcoin investment it will be a welcome development to the government and also to bitcoin users in the country.

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Quote from: shawonngp on October 14, 2021, 11:03:05 PM

I definitely want Bitcoin to be legal in my country. It needs to be legal. Then people will be more interested in digital currency. There will be secure transactions. There are many problems when it comes to bank transactions.
I like to use bitcoin. Bitcoin is now traded in all countries.

You only think about transactions, don't you imagine if bitcoin is legal in your country what about fiat currency in your country is it still valuable or vice versa and you have thought about how the economy in your country is destroyed or better because basically the price of bitcoin is unstable it could be today the price of bitcoin is good and tomorrow the price of bitcoin is down or down, is bitcoin legal in your country the economy in your country will be fine?

Pejoh Asu

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Seeing bitcoin legal in my country is my dream since getting to know bitcoin a few years ago, faster transactions and full control of assets are the reasons that bitcoin deserves to be legalized. Of course it takes a long process to be legalized because socialization in my country with millions of people takes a long time.

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Quote from: LogitechMouse on October 12, 2021, 07:43:38 AM

I don't really care if they will legalize Bitcoin here in our country or not.
If it will be legalized then well and good but if the opposite will happen, still its ok because there are many ways to have access to crypto.

yes as long as they are not Banning or having restrictions it is Ok if they will ban or not or legalized or not , yet this is a good chance for the people to accumulate and use without any bad thinking.

Quote

TBH, our country isn't doing that much when it comes to crypto. They are allowing us to use it but they are spreading awareness against scams and prevention from hacking which is really a good thing if you will ask me. To answer your question, I don't want Bitcoin to get legalized or the opposite here in our country Cheesy

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Oh that's Good if then because you are allowed to use crypto without putting you in trouble .

So it much better if will be treated as legal right? because the adoption will grow and all the market will Open.

Swapzone_pr

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Quote from: tokyohd on October 04, 2021, 10:08:48 PM

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.

I'm not sure everyone will be happy about this, because legalization means that cryptocurrency will also have to be taxed. However, I personally would not mind it, cause that might open a lot of new opportunities.

wilkine

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From the country I was born, I don't think government will legalize it or support it in any way. They're so busy developing DBCD and don't want any crypto get in their way.
But I hope to see more countries legalize it so that global adoption could develop more.

shawonngp

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I definitely want Bitcoin to be legal in my country. It needs to be legal. Then people will be more interested in digital currency. There will be secure transactions. There are many problems when it comes to bank transactions.
I like to use bitcoin. Bitcoin is now traded in all countries.

blackened515

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Quote from: Mpamaegbu on October 04, 2021, 11:24:42 PM

Quote from: tokyohd on October 04, 2021, 10:08:48 PM

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.

The same thing I noticed. When a country bans Cryptocurrency, it results to Bitcoin gaining more popularity in that county. And citizens look for an alternative to buy and sell bitcoin despite their government placing a ban on it. Is clearly that Bitcoin can't be stopped by Government. I want to see Bitcoin get Legalize in all the countries, I want the government to see the future in Bitcoin and accepts it. Bitcoin gives us the Freedom of been in charge of our money.

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Quote from: syedakhlaque on October 11, 2021, 05:32:46 AM

Of course, I want to see Bitcoin legal in my country. There are huge financial problems & unemployment in my country and Bitcoin will work as relief for these problems. It will provide an opportunity for young and old to do something to improve their economy. And with hard work, study and after getting experience they will able to do much better to run their home economy.

And most likely those are the reasons why it will not happen, in theory governments are there to protect and improve the living standards of the ones they govern, but as soon as politicians get to a position of power their priorities shift to maintain themselves in positions of power and gain even more control of the population, this is why government oppose bitcoin adoption even if is obvious that bitcoin will improve things for the population, as they will be affected in their ability to remain in power and their ability to extract resources from the population.

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Quote from: tokyohd on October 04, 2021, 10:08:48 PM

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.

Well if you are asking that BTC will be legalized in its true form aka as decentralized p2p cash transfer then its a BIG NO from governments. The reason is very straight forward, since this will take financial control out from the hands of the governments. Something cant given up by govts. But if we talk about legalizing BTC in a manner where governments can see wts happening around i.e. through exchanges then yes its very much possible and happening in many countries.
These are just my own thoughts

syedzakir

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Yes. I belongs from a country where crypto currency using is not allowed. But government is working on legalising bitcoin currency. But I am very confident that my country government will legalise the bitcoin in near future. Bitcoin is the future currency of the world so that why every country is working on its technology and develop their own projects. I really love to work in bitcoin currency.

Lordshiva

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Welcome back 🙏

Bitcoin has became quiet popular now in my country and there is no such restrictions in my country on bitcoin but government has not officially legalized bitcoin. Well I don't need an official statement from government as long as there is no restrictions.

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