Just go with the flow is my advice to you. You should not be scared, they can't punish millions of people for doing crypto if it was illegal. But it is not illegal so no worries there. If some country pronounces it illegal just switch to another country after a while. You are missing the chance of earning money and learning about new technology at the same time.
As the matter of fact, it will be a new payment (financial) system in our near future.
Topic: will all the countries make cryptocurrency legal? - page 12. (Read 2538 times)
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I still have a dough on taking a risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Nothing is impossible. It could be in the future this could happen. All countries can legalize Cryptocurrency in their respective countries. I am sure if it has been legalized in all countries, surely our life will all be more prosperous again. I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Those governments that blocked bitcoin and other cryptocurrencies might later follow the majority of the countries that allows cryptocurrencies to be use by their citizens for their daily transactions. But most of them might also imposed regulation and taxation while allowing exchanges to operate in their area. Some governments may allow bitcoin but legalizing it might take a long time before they approve it.
It's take a long time to countries accept the bitcoin. If bitcoin enters in to the country local fiats will be affected. That is the main reason countries not accepting bitcoin legally. compare to fiat bitcoin is more profitable and gain more profits. The economy of the country have good growth. Now bitcoin is become more popular among people. In future surely it will be accepted by all the countries.
I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
Depends upon which country you belong too .
To be honest , it is just a trend that one country follows from the other . The opposition countries would never do the same thing . There is always a risk , you have to be sure about the amount you are trading because a minimal amount would not hurt . Moreover , most countries are still "unknown" and "unsure" about its take on crypto currency trading.
Maybe soon it will be legalize but that means crytocurrency is legaly tax then. As of the moment some countries banned it some is not banned but not tha legal. Maybe they are working on how things will work with crypto laws.
Let me ask you a counter question: Will all countries join an one world government?
And the answer is clearly no! Never ever in this world will all countries join or do the same. That is the advantage of having so many countries with different systems, laws and culture. Finally the good news is that if you are not happy with the system in your country, you are usually free to leave and go to where you feel more comfortable.
And the answer is clearly no! Never ever in this world will all countries join or do the same. That is the advantage of having so many countries with different systems, laws and culture. Finally the good news is that if you are not happy with the system in your country, you are usually free to leave and go to where you feel more comfortable.
No all the countries didnt accept cryptocurrency legally. But some countries accept crypto currency and legally they use bitcoin trading. Now bitcoin is known by people and they followed bitcoin. Next few years all the coutrries will accept cryptocurrency.
Let me ask you a counter question: Will all countries join an one world government?
And the answer is clearly no! Never ever in this world will all countries join or do the same. That is the advantage of having so many countries with different systems, laws and culture. Finally the good news is that if you are not happy with the system in your country, you are usually free to leave and go to where you feel more comfortable.
And the answer is clearly no! Never ever in this world will all countries join or do the same. That is the advantage of having so many countries with different systems, laws and culture. Finally the good news is that if you are not happy with the system in your country, you are usually free to leave and go to where you feel more comfortable.
Maybe by the Year 2050; right now - it is a warring situation.
As for now, we will wait on G-20 meeting on near time !
That will affect on all country's decision against bitcoin as they also make their policy against bitcoin.
Let say if G-20 forbid bitcoin completely, I think it's almost impossible to happen
That will affect on all country's decision against bitcoin as they also make their policy against bitcoin.
Let say if G-20 forbid bitcoin completely, I think it's almost impossible to happen
Eventually, in my opinion, Bitcoin will be used in all countries be it legal or illegal. Now that Bitcoin was introduced and gained many followers and members, nobody including government can stop or control it.
There could be a very good sense in your position. That could be possible in the long run despite this early resistance. Back to memory lane when computer was newly introduced, some countries never saw anything good on it or meaningful. They also despised computer but today, the same computers are seen in every government office and almost in every private business premises whether active or dead with the vacuum tubes, transistors or integrated circult(depending on the model)running or not.
Bitcoin will get to the level of being integrated as part of to medium of payment someday.
Recognize the legal currency in the territory of your country, this is a private matter of each state. Given that the attitude of states to the crypto currency is very different, it is difficult to say whether all states recognize the Crypto currency. Crypto currency is a fairly new and revolutionary type of financial relations and therefore even the process of its recognition or non-recognition will take a very long time.
I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
yes my country example Indonesia until now the legality of cryptocurrency until now still not legal, but to have digital money is not prohibited just can not be used as a means of payment of legitimate
i think it won't happen that all country will legalize cryptocurrency beause some countries are forbid bitcoin. in my country cryptocurrency is not legal but they are open mineded about crypto.
I better agree with you! Not all countries are in favor to cryptocurrency. There are more countries who forbid the presence of bitcoin and altcoins inside their territory. This is not suppose to legalize cryptocurrency in few years but maybe if the word change will come up to the leaders mind, then big chances of legalization seems clear. Ofcourse we all don't know what suppose to be done if countries did not meet in one direction. I guess this things is not so easy to adopt.
Eventually, in my opinion, Bitcoin will be used in all countries be it legal or illegal. Now that Bitcoin was introduced and gained many followers and members, nobody including government can stop or control it.
I still have a dough on taking risk in cryptocurrency as still there are countries who are not making it legal to trade. so is there any chance for those countries to make it legal
i think not all country will not make bitcoin as legal for now, because not all people in the world are not yet open minded in the world bitcoin. They will sure make study all the prons and cons about bitcoin if bitcoin will help their country or not. look at what happened on the country of India they are open about bitcoin, but it needs further understanding and the possibilities of illegal transactions about btc, of course there are scopes and limitations for everything. But in the future it might be. I think they are working on it. Instead of the government will ban cryptocurrency i think its better to make it legal. But not all coutries are legalizing bitcoin so far.
Yeah and however most of the country's governments really insist on assessing it and considering it's influence on the country and its citizens over time. If indeed it is more likely to be more useful or help the progress of the country, it will certainly focusing to make it legal, and vice versa. However crypto has a side of deficiencies that can harm the system of country governance.
I think they are working on it. Instead of the government will ban cryptocurrency i think its better to make it legal. But not all coutries are legalizing bitcoin so far.
that could possibly happen if there will be a strong regulation on cryptocurrency trading around first world countries because some countries might follow this laws and regulation and lift up the ban since it is not a threat to the economy anymore because they can easily control it through these laws.
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