Topic: Why Cryptocurrency is not Legalized Despite the Many Benefits - page 9. (Read 1133 times)
Why are you separating your explanation with your title and what you've just said on your thread. But let's all go with not legalizing cryptocurrencies. This is dependent on the countries that don't like crypto or they see it as something bad or against the nature of their finance. But to be honest, cryptos don't have to be legalized and recognized by those countries because what makes crypto keeps going are us, the people that are into this community that has given value to it. And those countries that have banned and might have ban it can't stop that revolution.
Crypto currency is only banned in few countries so you don't say it's not legalized. It's fully in use despite the daily treat from most world leaders. It only a matter of time and most of this nation's would accept it fully using it as an alternative most of exchange for goods and services.
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
It is not about to agree or not. but, this is the fact.Actually, I am still confused with your title and also the content of your posts.
Did you ask why crypto is not legalized? Or did you want to confirm about the Bitcoin?
If you want to confirm it, just read this very completed information about
A Short History Of Bitcoin And Crypto Currency
And the question:
Quote
Explanation Why Cryptocurrencies Are Not Legalized?
Legal or not will depend on the regulation of a country. It may be different.There are countries that legalize cryptocurrency.
There are countries that ban crypto.
there are countries that legalize crypto only as a commodity asset, but not as a currency (payment method, ex: my country Indonesia).
Each country still has a different view, interest, other policies, and different views of Crypto, and may also be related to conditions in the country and various encouragement and considerations from various parties.
But there are also countries that once did not legalize Crypto and finally now legalized Crypto.
So, this is growing continuously.
what do you mean by not legalized? your post doesn't explain much about it, and it looks like a general description about bitcoin instead. i suggest you google crypto regulation first, you'll find out that government has been regulating the space for quite some time now.
They should keep regulating but it's not going to work on decentralized projects like BTC for example, the gov hate everything they can't control and BTC dev/creator is no where to be found which is a very good thing, Nakamoto saw this coming 💯But for some countries, their leaders were able to see bitcoin's potentials for their country's economy and came up legalizing it. El Salvador was a great example where bitcoin has become a legal tender and if this one will work out, might as well other countries will start legalizing bitcoin or crypto too.
what do you mean by not legalized? your post doesn't explain much about it, and it looks like a general description about bitcoin instead. i suggest you google crypto regulation first, you'll find out that government has been regulating the space for quite some time now.
They should keep regulating but it's not going to work on decentralized projects like BTC for example, the gov hate everything they can't control and BTC dev/creator is no where to be found which is a very good thing, Nakamoto saw this coming 💯 
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
I do agree with it but the idea of cryptocurrency has been ever spoken by someone before satoshi. Satoshi was creating the real implementation of crypto into the bitcoin as the first cryptoNo, it's not the first cryptocurrency. Some of the ideas that underlying of the Bitcoin design or concept has already been implemented, but it spread/used across many fields. Neither Satoshi implement those ideas as the first crypto, but instead, Satoshi is able to combine those unrelated concepts into Bitcoin with an additional modification that suits Bitcoin as what it's like right now.
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
I do agree with it but the idea of cryptocurrency has been ever spoken by someone before satoshi. Satoshi was creating the real implementation of crypto into the bitcoin as the first cryptoSince 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Please give suggestions if my post is not correct.
Your explanation was correct and why did you feel bad about it? The only problem is your explanation didn't match with the title of your thread coz your explanation didn't relate to the legalization of bitcoin nor cryptocurrencies. What's your point?
Cryptocurrency is just a form of software and is created by non-state organizations and individuals. It is like stocks in the primitive sense of governments, so the recognition of cryptocurrencies as currency is a threat to national currencies. Until now, the analysis and discussion of cryptocurrencies have always been a controversial topic, but now we see that cryptocurrencies do not have much impact on the national economy, so they will gradually be adjusted.
what do you mean by not legalized? your post doesn't explain much about it, and it looks like a general description about bitcoin instead. i suggest you google crypto regulation first, you'll find out that government has been regulating the space for quite some time now.
Legalising is based on your own country government. They will do as per their wish. Most important one is tax. If they want some taxes from the people in the pandemic. Surely they will legalise and get a profit from it.But if illegal, huge money in economy will go to individuals.
what do you mean by not legalized? your post doesn't explain much about it, and it looks like a general description about bitcoin instead. i suggest you google crypto regulation first, you'll find out that government has been regulating the space for quite some time now.
As a decentralized currency, Bitcoin's development is not subject to excessive government restrictions or influences, while the cryptocurrency economy is subject to peer-to-peer Internet protocol monitoring.
Cryptocurrencies have not been widely accepted by businesses and consumers, and their prices now fluctuate so much that they are not suitable as payment methods.
Cryptocurrencies have not been widely accepted by businesses and consumers, and their prices now fluctuate so much that they are not suitable as payment methods.
To my knowledge the first cryptocurrency was Bitcoin. Do you agree?
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Since 2009 Bitcoin was launched by a person on behalf of Satoshi Nakamoto (aka) there have been very many positive things that have been obtained by people in the cryptocurrency space. Because Bitcoin has a limited stock, thus making the price of BTC expensive and then in anticipation of people being able to invest in crypto, Altcoins were born as an alternative.
Please give suggestions if my post is not correct.
Jump to: