Topic: Some countries where Bitcoin is legal, illegal or neutral! (Read 316 times)

There is still a lot of inconsistencies when it comes to a list showing whether cryptos is illegal or not in a country. For one the biggest mistake is always putting China in the list of countries where Bitcoin is illegal. The fact that they have big exchanges like HUOBI, BTCC, and OKEX shows that the industry for crypto is really big in the country where a lot of the outsiders thought is illegal. Let us not always trust the sources online since they are also getting their data online where they have researched it poorly.

I know, but many Europian countries are accepted the bitcoin is legal. If those countries are the success in the cryptocurrency then other countries will accept the cryptocurrency. Bitcoin is based on world best technology like blockchain. This is popular technology in the world. Many countries do not accept the bitcoin because they think bitcoin will be used for illegal transaction and do not trace the records. But I hope in the future they have a solution to this issue.

While  enforcement agencies and tax regulators are still exploring the phenomenon, one important question is—is bitcoin legal or illegal? The answer is, it depends on the location and activity of the user.
Countries that Say Yes to the Bitcoin
1) The United States
The United States has taken a generally positive approach towards bitcoin. Prominent businesses like Dish Network , Dell, and Overstock.com welcome payment in bitcoin.
2) Canada
Like its southern neighbor the United States, Canada maintains a generally bitcoin-friendly stance while also ensuring the cryptocurrency is not used for money laundering.
3) Australia
Australia allows entities to trade, mine, or buy bitcoin. The Australian Taxation Office (ATO) considers bitcoin transactions barter arrangement subject to appropriate taxes depending upon the use and user.
4) The European Union
Though the EU has followed developments in cryptocurrency, it has not issued any official decision on legality, acceptance, or regulation. In the absence of central guidance, individual EU countries have developed their own bitcoin stances. A few nations are allowing bitcoin while others are either undecided or issuing warnings.
5) Finland
In Finland, the Central Board of Taxes (CBT) has given bitcoin a value-added tax exempt status by classifying it as a financial service. Bitcoin is treated as a commodity in Finland and not as a currency.
Countries That Say No to Bitcoin
While bitcoin is fairly welcomed in many parts of the world, there are few countries which are resistant for this technology among them these are the important ones:
1.   Iceland
2.   Vietnam
3.   Bolivia
4.   Kyrgyzstan
5.   Ecuador
6.   Russia
7.   China
Countries/Places who are neutral or Alegal with respect to Bitcoin
1. Barbados
2. Venezuela
3.Colombia
4. Peru
5. Paraguay
6. Uruguay
7.Argentina
8.Nigeria
9. Kenya
10.Kazakhstan
11.Pakistan
12. India
13. Malaysia
14. Indonesia
15.Moritius

Help taken from:https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

The need of time is to build a regulatory system so that bitcoin could be accepted everywhere!

Your topic is misleading. "Some countries" is different from "countries". What you listed there is some countries and not all countries because there are surely several countries that have made a statement on bitcoin whether negative or positive while others are still consulting and discussing about what line of action to take concerning bitcoin.

Its good that some of the countries that you have identified especially the ones open to bitcoin are worthy to be commended but majority of them are thriving environment for bitcoin because most of the countries are still understudying what to make out of the technology which eventually might change their stands while at the same time those that have chosen a negative position can still review their stand later in the future.

Literally nothing prevents others from doing the same. I'm glad that people value their rights over that what the government thinks is "better" for people to follow. It's about time for sheeples to un-sheeple.

China's measures to combat crypto versus fiat trades has done nothing other than driving people to go local, and let that be where governments can't do shit about people. They shot themselves in the foot by doing that.

It's funny how governments fail to learn from other countries who "banned" crypto. Maybe there is some form or arrogance that makes them believe that their word is enough for people to stop dealing with crypto.....

I've used bitcoin in some of the countries listed as places you can't use bitcoin.   

Thanks for sharing, opens the mind to where to travel if Btc is your currency.

I`m from Spain, here we are seen a lot of adoption recently, mostly in this last year.
   A lot of club, associations, small mining business, some teaching entrepreneurs.

What I did not saw till now are Spanish ICO`s but I believe they will come has soon the markets are better.

You can pay not much with Btc right now.
But is growing, like the rest of the world, I think.

I think not so soon get bitcoin legalized by the Sri lanka government as their are so many regulations they have to make it before announcing it as legal currency.I'm sure that sri lanka will not prohibit bitcoins.