Topic: Which country will be the first to legalize Bitcoin? - page 3. (Read 4507 times)
Japan has officially recognized bitcoin and digital currencies as legal money with effect from April 1, 2017, which will help the integration of digital currency into the legacy banking system through regulation. Thus, as per my views Japan will be the first country to go for Bitcoin as National Currency or may issue own national currency by reserving gold and BItcoin.
I think the Chinese government is forbidding Bitcoin from circulating in their own country as they forbid their people to use Facebook. They have developed NEO, a cryptocurrency of China, and they want NEO to grow stronger than Bitcoin. But maybe in the next few years, when Bitcoin was globalized, by then, China would have accepted Bitcoin in direct confrontation with NEO.
I think its first legalized on USA. Because bitcoin is now depending on the approval of america Sec in there ETF. So my opinion USA is the first legalized country
I've heard thailand already legalized and and even regularized crypto currency in their country. I've read in this forum that germany is also on the crypto currency train that openly accepted it. I guess we'll just wait for japan abd Korea to announce the same or if ever they already did.
It seems to me that in Japan they already widely use Bitcoin for payments.
China is a country that bans BTC. If BTC is legal in China, the price of BTC is definitely much higher than the current price!
China's population is the largest in the world, and to some extent indicates that BTC's demand in China may be high!
Yeah thats why we need their government to change the rules and legalize bitcoin, seeing that the big of users from China will certainly affect the market price later, and I hope not only China, but other countries in Asia, Europe and America to accept bitcoin China's population is the largest in the world, and to some extent indicates that BTC's demand in China may be high!
I chose Japan. because bitcoin was created by Japanese people, satoshi (even though it's still speculative). Japan is a country that is always ambitious with technological advancements, and if crypto enters the industry, I think it's a positive thing for Japan.
Japan legalized the crypto currency, recognizing it as a means of payment back in April last year. Since then nothing much has happened, except that some other states have legalized it, though, mostly as a financial asset. Some states recognize its property, some goods. This process will continue for a long time.
Yes, I do also believe that Japan will be the one to legalized bitcoin since Bitcoin was design by a japan's name Satoshi Nakamoto but beyond that reason japan is highly digitalized country and no doubt that will fully blast their monetary transaction by means of crypto currency and their is mass adaption by its people. In my own thinking Russia is the second country that will legalized bitcoin because base on the current situation lot of people from Russia adapt and use crypto currency.
japan is the first country to legalize bitcoin followed by Canada and Germany and the united kingdom and South Korea and Russia
Japan legalized the crypto currency, recognizing it as a means of payment back in April last year. Since then nothing much has happened, except that some other states have legalized it, though, mostly as a financial asset. Some states recognize its property, some goods. This process will continue for a long time.
Based on the fact, of course, bitcoin originated from Japan, but after Japan I thought it was swiss because there had already begun to accept the crypto currency as a legal currency and could be traded in Switzerland. But again it's just my own predictions, how about yours?
Or others Criptocurrencies I mean..
I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
It is quite strange that you have put your bet on China because I am oppositely thinking that China would be the first one who will put the strickt ban on the cryptocurrency. But anyway we will see that very soon. I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
this might happen soon for some countries, because I also often hear cases that there have been so many companies starting to accept bitcoin as a payment tool, even as a payment for school. and these are the points where bitcoin has found a place in the hearts of everyone throughout the country.
in my opinion, the country that first legalized bitcoin is a chinat country, the founder of bitcoin that has Satoshi Nakamoto has a name that has elements of Chinese descent so I am sure that China is the first.
China is a country that bans BTC. If BTC is legal in China, the price of BTC is definitely much higher than the current price!
China's population is the largest in the world, and to some extent indicates that BTC's demand in China may be high!
China's population is the largest in the world, and to some extent indicates that BTC's demand in China may be high!
Southeast Asian nations may be one of the first countries to legalize Bitcoin, some of which have the best conditions to legalize Bitcoin. Examples are Singapore, Thailand, and Brunei.
Like which of them, Japan or China? Cause I’m pretty much sure that the Chinese are really against Bitcoin (I mean the Chinese government, though some citizens too). One country I have in mind is Sweden, if I’m right there was a time they mentioned something like that in the news🤔 well, I’m not sure but I’ve heard that everything about Bitcoin is moving pretty fine in Sweden and it’s well recognized, plus the government it’s also not against the use of it.
The BTC was originated from Japan and they spread around the world until today. BTC is not owned by anyone
Or others Criptocurrencies I mean..
I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
I don’t even know why some people here are mentioning Venezuela, this is a country with a poor economy and using Bitcoin wouldn’t be such a good idea. One Bitcoin alone is worth millions of a Venezuelan Bolivar, and they all probably going to lose their money in this stuff. I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
If their government is smart they wouldn’t let such happen. And by the way, there are even lots of poor people there, so having Bitcoin as a currency wouldn’t be in Favor of those kind of people.
Bitcoin is already legal in many countries, see Legality of bitcoin by country or territory for a list per country.
Some countries officially recognize Bitcoin:
Now I see. But one thing that bother in my mind, would this mean that bitcoin will soon be a centralized? Switching the current state into a new one which is actually not the real reason why bitcoin is being created? Anyone can explain this if it is poss or not? Some countries officially recognize Bitcoin:
Quote
Japan officially recognizes bitcoin and digital currencies as a "means of payment that is not a legal currency"
Others declared it "not illegal":Quote
As of November 2016 declared, bitcoins are "not illegal" according to the Federal Tax Service of Russia
(quotes from Wiki)
Or others Criptocurrencies I mean..
I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
I'm looking forward to read and hear this news that will happen soon then what we are thinking..and it will change the way of action in economic world by who already are against BTC and stuff.
It has to happen ( even if I don't know how )
I bet in China
I believe that even though it is not legalized we benefit from it how much more if it will be legalized? Like you I am thinking of China to be the first country to legalized Bitcoin for a lot of user with big amount of Bitcoins come from China. Like the current issue about the mysterious Chinese who hoard 95 ,000 of Bitcoins.
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