Do you want to see Bitcoin legal in your country? - page 7.

goldkingcoiner

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Quote from: suryana on October 10, 2021, 11:33:59 AM

I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.

I think the beautiful thing about bitcoin is that no matter how hard the governments try to stamp it out of existance or regulate it, all attempts have failed and will fail. You can't stop the bitcoin train!

It was time to take the concept of money out of the hands of the corrupt bankers and politicians! And we did so, or at least, Satoshi Nakamoto did. The governments had too much power over us and had to be taken down a peg. Grin

cheezcarls

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In my country Philippines, we are considered as one of the most friendly out there despite that it’s not personally endorsed by the central bank. In other words, it’s neither legal nor illegal and already classified as a security. Unionbank, which is one of the most outstanding banks in the country, has it’s own government-regulated crypto ATM, the first in the history of this country. So far no problems here, it’s just that some Philippine-based banks are anti-crypto like BDO, BPI and RCBC.

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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.

Once bitcoin will become legal in your country, a lot of opportunities will come for the people to help, of course, it could help to reduce unemployment as it will create more job opportunities. Look at El Salvador, they are very supportive of the business in their country and they like them to accept bitcoin, and if that will happen, adoption will increase and the economy will grow.

The positive effect may not be abrupt, but slowly it will grow as adoption increases.

syedakhlaque

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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.

yazher

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To be honest I like how our government treated bitcoins in our country but to further support and give people ideas about it. I agree to have the government promote it in their own way so that people will recognize and use it to their own advantage like for example accept it as a means of payment in their stores and some kind of services like we have seen in India where the Motorcycle driver accepts bitcoins as payment.

oemar bakrie

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all need research before legalizing bitcoin in my country,, because not everyone understands about bitcoin and also the country does not want to risk when using bitcoin payments, the bad impact of changing the country's currency will no longer be of any use..
.means my opinion about bitcoin legal i don't agree..

rodskee

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I live in a country that has neutral stand towards Bitcoin and cryptocurrency meaning the need for Legalization is just a Bonus.
but of course if this will be legalized then the use of this in daily matter will be there and the advantage of us who had been here for long can take the opportunity to use our coins valuable and much than those who will just buy for now to use.
also this will be the sign of other crypto will be accepted and may process to be like bitcoin once the demand for Bitcoin increase highly.

Rehan Zakir

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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

Brother i also want to see bitcoin currency legal in my country. I am also belongs from a country where bitcoin currency is banned. But government is working to legalize this currency. It takes time to legal this currency in every country. But bitcoin currency is spreading in worldwide.

GubiMixa1292

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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 really hope Bitcoin is legal in my country but if it is legal it will cause a lot of problems. It's about taxes, but when BTC is legal, how will they start to control and collect taxes? , problems and laws and a lot of fear of being bound in buying and selling transactions and especially the freedom to own bitcoin will be controlled by banks and laws and I think one thing for sure is that at that time BTC there will be no more anonymity but every transaction will be required by KYC and they will control all our activities.

Fortify

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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.

The only reason that Bitcoin is illegal in certain countries nowadays is the government is afraid of their own people. It is a way for places like China and Russia to keep control of money flows, they don't want officials or businessmen to send money out of the country because if there is any instability they will run away as quick as possible. It actually shows how insecure the elites are when they start to enact these sort of bans and shows which countries are most open because they at a minimum tolerate it. I'm rather lucky to live in a country that is fairly open to it and is slowly updating all the laws to properly accommodate it in the future. The blockchain is the truly powerful piece of tech to come out of all of this.

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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.

Me needing or wanting bitcoin to become legal in my country isn't the problem. The problem is that it is a far-fetched wish because the government on my country are majorly concerned about having power and control which is the real reason why they have a bank on commercial banks from facilitating crypto to bank transactions. Anybody that goes against that rule gets their accounts frozen.

MAAManda

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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?

Bitcoin and Altcoins Legal in My Country (Indonesia), Not As Digital Currency But As Crypto Assets (Commodities) Wink

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

Are your ideas about Bitcoin positive or negative?

Bitcoin Is a Positive Thing.

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

What is your personal opinion about this?

Bitcoin is Gold V2 Cheesy

, and I think everyone in my country should know this, especially the boomers and generation X, even though Bitcoin and altcoins are legal in my country, there are still many people who don't know about this. People Are Traditional Thinking, Just Want To Invest In Gold, That Is Not A Problem, But Why Not Invest In Both? Gold and Gold V2 (Bitcoin).

The answer is simple, because human resources are low

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Quote from: suryana on October 10, 2021, 11:33:59 AM

I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.

As long as we are able to do transactions without limits then it would be fine. When it becomes legal there will be more stricter implementation of the law on it and atleast their is a unit or government organization to goto if some projects isn't doing well. But with this getting government involved can result to a much limited transactions due to stricter implementation of the law plus higher fees. I would prefer it to be still what it is now so we will be concern and careful on everything we do.

pinggoki

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bitcoin is fairly legal from where I am at, as I can freely use it without any repercussions. Although cryptocurrency activities are being sought by the government of ours as possible ventures to collect tax from which is going to be very annoying for those who rely heavily on investing and trading like me. Nonetheless I still see this as our government finally seeing cryptocurrencies for what it's worth and are doing efforts to integrate it into the system of society in one way or another.

Quote from: suryana on October 10, 2021, 11:33:59 AM

I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.

Well if it's to be made illegal in your country I don't really see you being able to use it altogether. You have to remember that there has to be some sort of consensus between the government and the operator before you are able to use these types of services, and have one end of the rope disagree with the other, consensus is not achieved. So it is actually a big deal for whether bitcoin or any other cryptocurrency for that matter is legal or not in your territory. Because decentralized as it is, you aren't and you could be subject to sanctions for using bitcoin without prior permission.

BIT-BENDER

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Quote from: suryana on October 10, 2021, 11:33:59 AM

I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.

I don't understand how your country judicial system is about crypto-currency, but I think if crypto-currency isn't legal in my country or as many countries that means there is some ban placement on it,
My government actually didn't have ban on Crypto-currency before this year 2021, it was legal, you could do exchange to bank transaction with crypto-currency and not be bother about the government, but since the ban, although it still goes on but people are scared doing it.

suryana

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I don't really care about bitcoin being legal or illegal in my country. The important thing is that we are not prohibited from transacting and investing in bitcoin. I'm actually less optimistic if bitcoin will be legal in our country. What is clear is that there will be many rules that in my opinion reduce the space for bitcoin investors. And our freedom will obviously be limited . So the most important thing for us is not being banned, that's enough.

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Quote from: Slow death on October 07, 2021, 08:46:27 PM

Of course I want them to legalize bitcoin in my country so that it is possible for private people or banks or companies to install bitcoin ATM throughout my country, so that it is possible for companies in my country to pay wages in bitcoin, so that it is possible for the banks in my country do not create headaches for exchanges that want to operate in my country, so that it is possible for exchanges that want to operate in my country to obtain license and have good treatment. Bitcoin law would create good conditions for everyone who deals with bitcoin in my country

Giving a friendly regulation to bitcoin will attract a lot of businesses and foreign investment, so why governments do not do something like this? Because they are afraid, they are afraid that they could lose complete control and people begin to use bitcoin more than their fiat, and with good reason, so instead of adopting bitcoin they want to limit it as much as they can not realizing it is impossible to do it and as such they are also missing on the taxes they could have received.

qwertyup23

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I think rather than being 'legal', I do hope that the government considers it by giving business owners the option to pay BTC/cryptocurrencies as the income of its employees. Since by law, only legal tender is allowed as a form of income, this may involve an amendment in the laws by allowing cryptocurrencies to possess the characteristics of legal tender without being one.

The legalization of BTC in the country would have its drawbacks. As much as its exposure is beneficial, stringent regulations would be imposed that may potentially destroy its volatility in the process.

nurilham

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Of course that's what many people expect, bitcoin is legalized in their country. legal here means that we can transact or receive bitcoins easily without fear of the government. each country has its own policy in legalizing bitcoin or prohibiting it and as good citizens we must be able to obey the existing regulations. a country that legalizes or prohibits bitcoin certainly has its own views and reasons why the government does that. the most important thing now is to leverage bitcoin and focus on profiting from it.

oHnK

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Quote from: adzino on October 09, 2021, 08:40:00 AM

Not really. Crypto currencies (bitcoin) isn't really illegal in many countries. Only just few countries decided to ban the usage of crypto currencies. Most of them are underdeveloped countries that has no proper framework to regulate crypto currencies. Hence, they put a ban so that people don't use it for corruption (even though their government are the corrupted ones) or any illegal activities. But people still use it over there since the government has no way to track them. Look at Nigeria. Central Bank issued a ban. People still do p2p trading and yet no one faced any trouble. They will eventually lift those bans once they get a proper understanding of how crypto currencies work.

I also feel that way, only a few countries have declared a ban on crypto. But the rest is gray. Like in my country, all types of currencies other than Rupiah will be considered commodities as well as crypto. The government is only a regulator who simply reminds the public to invest wisely and not be trapped by the bubbles created by the crypto market. Because it is very unfair for the community if the government is so strict about prohibiting it without any strong reason and as if it was made up. Because people still have the right to choose the investment they want to do.

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