US or China: Who do you think will legalize bitcoin first? - page 5.

Inspiron14

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Quote from: Sherwood_Archer on October 13, 2018, 12:40:59 PM

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

I agree with you, China seems to make everything whether it's technology or other fields. does not rule out the possibility that China will make its own cryptocurrency. And when we discuss it here, maybe there is now a team of experts working on it. Grin

hitrawal91

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Quote from: Sherwood_Archer on October 13, 2018, 12:40:59 PM

Just curious which one would be more accepting of bitcoin or any cryptocurrency for that matter. China nowadays seem to headline a lot about artificial intelligence and other technology. They are also promoting a cashless society. So I am betting on China.
Feel free to contradict. This is just me overthinking. Maybe, neither would even legalize it in the future. Or perhaps countries would create their own crypto?

Even I think neither of them will legalise Bitcoin and I have a point.China and America right now are the greatest competitors in the global market and if anyone who legalise Bitcoin that means there own centralized currency get weak and thus making there hold the market weak.This will be unaffordable to any nation specially at this time. Don't know whether I am correct or not please let me know.

ophyrim

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The answer is simple; US will legalize the bitcoin first. But China will control it. There is a huge economic war between US and China at the moment and China doesn not want to use USD at the international markets and want to damage USD. China (and the Chinese companies) is also the biggest USD dolar investor. Just think what is going to happen if China will sell USD and start to use BTC for example.

Robertqueen2

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China will the first to legalize and regulate Bitcoin in addition to other cryptocurrencies, but China tries to create a law that allows it to have a copmlete control over this business, and will be a problem for the chinese investors.

Kick

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As we know bitcoin is strictly prohibited in most of the countries due to having various lame issues and fair issues. Since bitcoin is controlled by decentralizing way so there is no specific laws to maintain this crypto market. In my point of view, I can go for China, China is country where cryptocurrency finds its real place to extend its area of advertising more about bitcoin smoothly. So US and China in both of this country, I ponder China will legalize bitcoin first for its popularity. On the other hand, bitcoin is becoming extremely popular to the people of China for Making plenty of money in a very simple way.

PaulRobertT

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I'm not sure about that, as I don't have good understanding about the market of china and US market. If you have good sources , can you supply me.

Slow death

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the answer to this question is very simple: see the political system of china and see the political system of the usa, china are communists and hate bitcoin, they control their citizens, then how the hell a country like china would regulate bitcoin? that would be impossible But the US are different, in the future they can regulate bitcoin

Quote from: drgomez89 on October 13, 2018, 01:17:14 PM

I think It would be china...

I think this is impossible.

Quote from: pixie85 on October 13, 2018, 02:15:22 PM

I don't understand why so many of you think that China will legalize it. China is the county with a highly censored Internet and a country that has fought Bitcoin since 2013. They banned banks from doing business with cryptocurrency exchanges, they forced miners out of the country. Do you really believe they'll suddenly change their mind?

I agree, many people forget how the Chinese government is very dangerous for the whole world.

giantrobot

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China is a more modern country than the United States. So in China it requires electronic money to keep up with the times. The United States will not do this soon, because they are trying to protect their economy.

rosesocola

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I also think China will legitimately bitcoin in advance. Because limited government to impose laws that could jeopardize the savings they have earned. Many Chinese nationals previously deal with government officials and now Nowadays they are building their "bitcoin" facades. The whole Internet will gradually migrate to Blockchain technology, I think they will set the rules for it. We have seen tremendous development. in the Chinese team! Who has seen NEO yet? Walton, QTUM also acted again. There are countless great ideas in the world, not to mention digital money.

sieunhan_dingu

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Perhaps Japan is the first country to accept BTC. I’m living in Japan, in here I can buy a PC and pay by btc in Bigcamera, buy cafe in akihabara and pay by BTC, MONA.... Recently the Japanese government also encouraged people not to use cash. They have a pretty open mind about the BTC.

Eraldo Coil

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I read many articles saying that bitcoin will never be legalize on china because many people are using it as scams and only few market are "legal" to use but without the government papers. It is very hard for bitcoin to become legalize there because it is just virtual and it is very easy to penetrate the system.

Mpamaegbu

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The Americans are a liberal society and are far apart China as long as governance and mannerisms are concerned. The only thing that makes China square up to the US is the huge economy it parades because of its gargantuan population that runs into billion. China is a conservative society. I believe bitcoin will be first adopted in the US long before the Chinese finally embrace it. We should also remember how China flunked the opportunity of becoming a lead nation in bitcoin when it banned all crypto activities and exchanges in 2017. And this damage may be very had to undo.

Herbys

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The US is not profitable to legalize Bitcoin, because it can replace the dollar in the global market.

China legalizes earlier. Wink

thankyoulord

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Both are very strong market bodies and their role in recent development and economy balancing/uplift have been nearly shoulder to shoulder. But I feel that the United States will likely take up its legalization and integration in their market. I feel that America will want to remain the leading market in the global Economy and remain strong in the face of the earth. So this might happen for them faster than it will happen for China. But if China makes the move before US, then I won't be surprised because China is also trying and really fighting to change the world's power from US to their soil.

bangkecol

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China, in this case, is a little more advanced than other developing countries even like America in terms of blockchain technology, even China has made its own coins with its NEO to provide a new touch of digital payment technology in the world, especially in Asia. I think China will develop technology like this in the future because they know how to prospect this technology in the future.

Marbelli

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It seems to me that the first will do it all the same to the USA because China is very far from it and he is a very strong opponent of cryptocurrency at the moment

DarkBullet

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I will give my vote to United States and I strongly believe that they will be the first country who will legize bitcoin before China. United States always wanted not to be left behind in terms of technology and level of wealth. Bitcoin once considered as valuable than Bitcoin and if you do some research, United States always using their power to get what they wanted.

Bugatti73

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I think it will be in America, because China has very strict legislation, and besides, their country has secrecy.

xfaqs01

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none of the them will, if they got left behind they will just create their own form of digital assers and market it to the public, we expect that them to legalize it they are the top predator in the financial system, but they can never defeat bitcoin though

cybernetik7

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China is on way to localize digital assets. US would not lose its economical power and dollar useage in international trades. It is vital for the US to keep the dollar number one. I think China seems likely, but US government may suddenly change its attitude if it can find a way to make Bitcoin in their control.

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