If United states legalize Bitcoin? - page 4.

sinkelo

newbie

Activity: 57

Merit: 0

Quote from: YzzyGo on April 27, 2018, 11:12:40 PM

For me, it would definitely help for them to consider legalizing it also but as for the final judgement nobody can really say. But if a superpower is benefiting from it, it's not far off that some countries will follow suit.

Yeah, nobody can really say for now Sad

sinkelo

newbie

Activity: 57

Merit: 0

Quote from: DooMAD on April 27, 2018, 08:49:23 AM

It's an interesting hypothetical, but truth be told, the US are probably the last nation on Earth who would take the lead on this as they enjoy the benefits of the Dollar's dominant position in the world economy (although how it still maintains that dominance is anyone's guess). It's fair to assume they aren't looking to make it that easy for BTC to complete on the global stage. Each country is going to weigh up the pros and cons to their national interests and act accordingly.

Would be the last Nation on Earth..eeerr. if i can reach that moment

YzzyGo

newbie

Activity: 196

Merit: 0

For me, it would definitely help for them to consider legalizing it also but as for the final judgement nobody can really say. But if a superpower is benefiting from it, it's not far off that some countries will follow suit.

Baofeng

legendary

Activity: 2576

Merit: 1655

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

Of course they will not follow the US. Each country has its own sovereign, although US is the number 1 country in the world, but it doesn't mean that whatever they do certain country will follow suit. Besides, its country mentioned above has its own reason why they banned or at least put a tighter regulations and I don't see them making a U-turn and changing their hard stance against bitcoin and crypto in general.

supermine

hero member

Activity: 826

Merit: 518

Quote from: ruthbabe on April 27, 2018, 09:08:44 AM

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

I think you need to do some more research. The usage of Bitcoin in China and India is legal. In the United States, it is currently legal in all of their 52 states, although each state has their own policies. Overall, there are around 69 countries or territory where usage of Bitcoin is legal.

You are wrong,the status of bitcoin in those countries are neither legal nor illegal which means we are free to use bitcoin in those countries but the government didn't have any conclusion about this yet.But if a country like USA totally legalize it then other small countries also might follow them but the countries like China and India are big enough countries so they might take their own decisions.

sinkelo

newbie

Activity: 57

Merit: 0

Quote from: Xester on April 27, 2018, 08:17:53 AM

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

Even if America will declare to the world that they will legalize and adopt bitcoin to all levels of the society we cannot be sure if other countries who banned bitcoin will also adopt and legalize bitcoin. But the chances are high since America is one of the countries that the world is looking up to in terms of economy and finances. So possibly many of them will accept bitcoin.

Thanks for your info.. I was thinking that too, maybe if America does other will also. hope America legalize it!!!

#davidnugroho

newbie

Activity: 317

Merit: 0

technology will always go forward and expand to facilitate human and will always be perfected so this will always develop and will be much better and more organized bitcoin will penetrate the whole world of india and world

gusnulyadi

newbie

Activity: 118

Merit: 0

If Amerika will declare to the world that they will legalize and adopt bitcoin for all levels of society, we can not be sure if other countries that ban bitcoin will also adopt and authorize bitcoin. But the likelihood is great because America is one of the economically and financially influential countries. So maybe many of them will accept bitcoin.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Quote from: lizardbtc on April 27, 2018, 08:59:10 AM

More likley USA will see cryptocurrency as securities or some sort of assets than they will see it a real currency.

That's a distinct possibility. One academic and former regulator is pushing for Ethereum and Ripple to be classified as securities, but believes Bitcoin, Litecoin and Monero may potentially escape that classification due to not being launched as ICOs. Basically, you weren't able to buy BTC/LTC/XMR before those networks were live, whereas ETH and XRP could be purchased as tokens and then redeemed once they launched. We'll have to wait and see what happens.

Free1bitco.in

hero member

Activity: 1624

Merit: 500

Do We really authorize bitcoin ..? If this is true news chances are China, India and other countries will follow Usa. but I'm not sure Usa will legalize and adopt bitcoin

emath7

newbie

Activity: 158

Merit: 0

   Competition between countries is not only in battlefields. It fights in battlefields and becomes a result. But the main competition is what we call the cold war. The countries are actually fighting, but nobody knows it.
   How is this happening?
   There is always a race to be the best. Russia and America do not fight on battlefields. But it is always a rival to each other. China and America are the same. These examples can be increased.
   Now it seems that countries banned cryptography. But it is not. They are all following secretly. They're making preparations. When any one moves, the others will make their moves.
   Bitcoin is the future of the world. Digital money is now in our lives. This can not be prevented ....

Kate Beckett

member

Activity: 280

Merit: 28

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

The issue of legalizing bitcoins as a separate type of digital currency has been under consideration in dozens of states for a long time. I think that the state, if there are no threats to the monetary system, territorial integrity and health of the population, there is no special interest in cryptocurrency prohibitions.

ruthbabe

sr. member

Activity: 966

Merit: 275

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

I think you need to do some more research. The usage of Bitcoin in China and India is legal. In the United States, it is currently legal in all of their 52 states, although each state has their own policies. Overall, there are around 69 countries or territory where usage of Bitcoin is legal.

First77

member

Activity: 266

Merit: 32

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

Bitcoin will be banned in USA.

Only 8% Americans have Bitcoins and with Donald Trump building the giant wall on Mexico border to stop drugs from Mexico and Bitcoin famous for being used in illegal activities and drug deals and ISIS terrorists having $30,000,000 in Bitcoins.

lizardbtc

full member

Activity: 448

Merit: 109

Quote from: DooMAD on April 27, 2018, 08:49:23 AM

It's an interesting hypothetical, but truth be told, the US are probably the last nation on Earth who would take the lead on this as they enjoy the benefits of the Dollar's dominant position in the world economy (although how it still maintains that dominance is anyone's guess). It's fair to assume they aren't looking to make it that easy for BTC to complete on the global stage. Each country is going to weigh up the pros and cons to their national interests and act accordingly.

More likley USA will see cryptocurrency as securities or some sort of assets than they will see it a real currency. But since they allow even exchanges to operate now on there we can see that they are somewhat looking good at crypto, specially with latest news regarding regulation. However "rich" countries such as USA, China and others are looking for ways to regulate this field because they know if they fall behind whole mess can show up and since you can't stop this thing at least try to regulate some part of it.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

It's an interesting hypothetical, but truth be told, the US are probably the last nation on Earth who would take the lead on this as they enjoy the benefits of the Dollar's dominant position in the world economy (although how it still maintains that dominance is anyone's guess). It's fair to assume they aren't looking to make it that easy for BTC to complete on the global stage. Each country is going to weigh up the pros and cons to their national interests and act accordingly.

Xester

hero member

Activity: 994

Merit: 544

Quote from: sinkelo on April 27, 2018, 04:50:45 AM

Will China, India and other countries follow the same path?

Even if America will declare to the world that they will legalize and adopt bitcoin to all levels of the society we cannot be sure if other countries who banned bitcoin will also adopt and legalize bitcoin. But the chances are high since America is one of the countries that the world is looking up to in terms of economy and finances. So possibly many of them will accept bitcoin.

sinkelo

newbie

Activity: 57

Merit: 0

Will China, India and other countries follow the same path?

Topic: If United states legalize Bitcoin? - page 4. (Read 459 times)