Topic: Legalizing Bitcoin - page 6. (Read 5704 times)

My opinion is that every country will sees Bitcoin and cryptocurrencies with a different perspective:

1. Cryptocurrencies is threatening our economy and undermining our country's currency - these are countries that have a weak economy and a weak currency. Countries that are corrupted and have been printing money also fall into this category. Hence they see bitcoin and crypto in general as a threat. They will seek to ban bitcoin and crypto rather than regulate the industry. This is because bitcoin and crypto are favoured by their people and is slowly taking over the national currency. Zimbabwe falls under here.

2. Cryptocurrencies is undermining our control of the country - these countries are strong because they control their economy and people with a iron fist. They do not want to lose their control and want to make sure that any cryptocurrencies must be within their control and influence before they will allow it to survive. China falls under here.

3. Cryptocurrencies will lead us into the future and let us become the leaders of the world - these countries have a relatively stable economy and strong currency and want to lead this wave of cryptocurrency economic boom. They want to quickly become world leaders in crypto but they want to make sure that they are not lead to bust by crypto too. Reasonable regulations will happen in these countries. Japan, Singapore, Estonia falls under here.

There are other perspectives by countries about crypto too.

But a perspective from a angle of fear or wanting to control crypto will lead to a ban or overly tight regulation and such countries will fall behind in the new economy.

I think countries that fall into category 3 will put in place regulations to prevent money laundering and illegal money flows. But they will not tighten the crypto economy until it is stifled.

I think 2018 will see a lot of regulations put in place by countries but with the support of countries that sees crypto as the new economy, crypto currencies that can adhere to govt regulations will boom.

Bitcoin is not illegal so why we need to legalize it. May be what they think is how to regulate it. Put some rules and regulations, policy and by laws. Can anyone do that? Let us see in the near future.

A few countries have accepted bitcoin and have decided to actually create laws that govern bitcoin transactions. The first country to completely accept bitcoin was Japan. Starting on the 1st of April, bitcoin was considered a legal form of payment in Japan, with several public institutions accepting it as currency.

Legalizing of Bitcoin will be a positive step from government it will encourage stable economy and also provide platforms to new investors and common people to secure financially and enjoy the freedom of transactions and free from hurdles of transfer money.

I thinks there so many advantages,of bitcoin if its been declared a legal in every country,first for me is the tax,the government will allow to tax the bitcoin for  the used of community infrastracture,and other civil service,second the processing fee of every trading platform sites will be centralized,and theres a control of pump and dump value in the block chain market,and the economy will continue to bloom especially in digital currencies bussiness,as just what happen in japan ,when they legalize bitcoin,there economy will continue to grow.

You know what guys, even if here in our that bitcoin is not legal and was not tolerated by our government still they are finding it as an opportunity for their sovereign people so they are not removing it in our system despite the fact that they are always keeping us reminding of the risk associated with it.

That is one thong most people will not understand. I have heard some saying it would cause government to control bitcoin. How for heaven sake? Bitcoin will always be decentralized and the only place the government can have control is in the aspect of conversion to fiat which would make it taxable and to me it is reasonable considering the level at which bitcoin is going to be affected positively in the long run.

With so much advantage of having a bitcoin and for its stability since it has been in the world since 2008 so we can really say that bitcoin has proven enough and for a couple of months am sure that many country would allow and legalize bitcoin in their country. Let us just continue to use it in a legal matter.

Yes because in our country bitcoin is the leading currency that some other known they could have much income compared to other light currencies.

I do not think Bitcoin will give legitimacy to everyone. One of the reasons is that the government has no full power to it. But it may be in front of it.

In most country I know where bitcoin was already legalized in Japan, Vietnam, Somewhere in Korea, Australia I think, also maybe in China because it has the biggest average percentage of bitcoin mining farm in the entire world, and Indonesia. It could have some other way to give benefits if the government is also a decentralized but that's impossible to be happen, isn't ?

Some governments sure may be skeptical as to what the implications of legalizing bitcoin may be which is one of the reasons why they have been trying to do some research on how to really adopt it without going wrong.

It would be a good thing for the government, the citizen and the bitcoin community as a whole as steps like that will keep giving bitcoin more ground to get established but no government is absolutely ready to commit herself right now.

In my own opinion,government need to legalized bitcoin because its contribute a great value to our economics in terms of digital currency,and helps a lot people to have a way of living,and mostly the ecomics will growth its statistic data because the help of cryptocurrency  in terms of investment trading.

You shouldn't always be expecting every country to keep on legalizing Bitcoin. Although it might seem to be good, there are countries it doesn't favor, so those that believes that it is not in favor of them wouldn't be in support of the idea. By the way, we don't need the government to legalize Bitcoin before we can make use of it, it's made available for everyone, no matter where you live…

Its Legal in most developed countries. Only losers third world countries try to ban such an amazing tech so its people will stay poor and make those governments rich,.

I think actually bitcoin legalization should be legible in every country, so the government can impose a tax on every bitcoin user. bitcoin and government users can be mutually profitable, for state income

If bitcoin will be legalize by government for sure they will put a tax upon it so that they can get a profit from it or maybe they will try to control the bitcoin transaction in one country. Having an illegal and legal bitcoin transaction will have an consequences whether positive or not.  For me it is better if it is neither declared legal or illegal.

Once the bitcoin becomes legal to every country we will all benefit from it and by that time many people will eventually encouraged to by bitcoin more than they can, but of course we know that there are still countries that does not accept bitcoin in their country and it won't matter to the price of course.

Well I think if the country , legalize bitcoin in their state. I think the first thing that they could do , is to put a tax for every transaction of bitcoin. By that way they could get a share from it. They can collected fund that will soon help the economy of the country. Aside from that , when a lot of people in the country are using bitcoin , then they can actually help the living and lifestyle of the people living in this country.

Well, probably Japan is the most favourable country from this point of view