Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.
For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes.
Indeed, Let's really enjoy the " not yet legal but not banned" status if your country did not stop us to used bitcoin and other cryptocurrency. Let we say in the future we really have many changes, in when it comes to technology there are more creation and discovery we will have in the future. Possible sooner we are using bitcoin legally but it depends on the government if they wanted to legalized it in their country but other country is starting to adapt it. As of now, i know Government thinking or discussing to do something about it because some of them are also believe to bitcoin but we need to going through a legal process.
As long as the government did not against to bitcoin just continue on what you are doing because it can really help you and it can also advertise so many ICO project to attract the investors.
