Topic: will all the countries make cryptocurrency legal? - page 16. (Read 2686 times)
Still, there are many discussion should be held by the governments because there is no way to find how a government can benefit from these cryptocurrencies. Japan government already given a format how to legalize cryptocurrency may be it will take another decade for accepting cryptocurrency as legal.
No and will never happen. Legality of cryptocurrency is dependent on government officials on that country and they also rely on the their citizens approval or acceptance. It’s like marijuana, we have different laws about it and many nations still debating if this is good or bad to they’re people. Doubts are normal but taking a risk is the only way to profit, so what you should do to profit is on yourself.
Bitcoin is a way to allow people to transfer value in a peer-to-peer fashion without having to trust, to depend on and to pay middlemen like banks and financial services companies. The transactions are absolutely not untraceable; and Bitcoin works through a decentralized, tamper-proof public ledger. Any transaction from the beginning of the system can be inspected, and funds movements between addresses can always be traced as accurately and as far as needed, by anyone... like other other cryto currency as well, this is one of the reason why it become legal For some countries, even to the wealthiest country.. if they look beyond the crypto currency, they will find out.. that it safe for them to do so.. maybe, i guess they will sooner or later legalized it.. this is my opinion..
It will take time before the government of all countries decided to legalize crypto or not, crypto is a new and developing technology so each of the country still learn deeply about this and how it will affect their country in the future and each of the government got its own conclusion, so we can only wait and hopefully the media not spreading another FUD and misleading news
It would be interesting in the extreme to see what the holdout countries did as everywhere else slowly legitimised it. There would come a point where they would be doing active harm to their economic activities. I wonder whether they'd be bloody minded enough to keep it up or blink.
It might seems difficult for all countries in the world to legalise cryptocurrencies but it is possible. All it takes is for the powerfull nations like USA, Germany ,France< China etc to legalise it then every other countries will
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
First get some knowledge about cryptocurrency. This forum is quite enough to get huge knowledge about all the crypto currency.
You have to check some basic things before investing in cryptocurrency. First you have to check cryptocurrency is legal, if it's legal. Don't omit to inverse in cryptocurrency.
Second one is you investing money. How much you want to inverse in cryptocurrency.
Last one is whether you are investing for short term or long term. If it's Short term ,choose the bitcoin .
If it's long term means, you have lot of options. You can choose any altcoin to inverse your money.
Some country forbid bitcoin because their decentralized and anonymous still haunting their mind !
Of course I hope that all country also legalize bitcoin as it will impact on bitcoin value globally
So is it possible ?
For now it's impossible so all we can do is just wait !
Of course I hope that all country also legalize bitcoin as it will impact on bitcoin value globally
So is it possible ?
For now it's impossible so all we can do is just wait !
It seems to me that bitcoin will never be legal. The government will take taxes from transactions on the exchange for Fiat. But they will never allow the use of bitcoins as a legal means of payment in stores. If bitcoin is banned in your country, you must exchange it in another country or in illegal exchangers.
Just invest in cryptocurrency. Don't wait for the country to shape your future.If you don't like the country change it.
If you make a good profit you can live wherever you want.
If you make a good profit you can live wherever you want.
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
Maybe, but I don't know when to happen because until today there are so many countries did not support cryptocurrency.
No way all counties make bitcoin legal. A state exists by taxing citizens, weak currency may be partially replaced by bitcoin, look what happened in Venezuela and Zimbabve. Authorities lose control over citizen's funds therefore over whole situation there. Only modern and strong economy may tolerate bitcoin
I honestly do not think all countries will accept bitcoin because of existing laws on digital currencies but with time more cryptocurrencies will be accepted as cryptos are the future of money and one of the trending ways to invest your extra income.
From my knowledge bitcoin is not legit in all the countries.It's legal in some of the country like japan,United Kingdom,U.S,South Korea.Recently India announced,goverment will not responsible for the investment in bitcoin.China already make the bitcoin as a illegal one.So I think , bitcoin will become legal in world wide it's takes decade.
I think, and hope, most countries will accept cryptos and will regulate them but all of them? Not at all. Some of them will forbid them. If all western countries legalize them, Muslim countries (for example) won’t. Cryptos legalized all ever the world won’t happen in my lifetime.
But I hope it will be legalized in all legally developed countries,in another situation there will be legal-economic problems and they don't need it.thats my opinion and I think they will not have enaugh legal grounds to not legalise it,Developed countries were forced to recognize it for people and for their property rights and countries that allow bitcoin or another pseudo anonymous cryptocurrencies will be trend for another developed countries,after they create liberal and rightful regulations.
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
Are you talking about all? I barely think that any country will take a step towards making cryptocurrency legal except for japan which portrays itself as a birthplace to btc. Governments get no advantage in making cryptocurrency legal. Infact it leads to increase in unaccounted economy in their very own country. This will make them lose control quite a bit. So its hard to say that any country will strive to make crypto a legal tender. 
Is hard and long process to make all the countries accept cryptocurrency as legal. Some countries still not believe about cryptocurrency.
They afraid in cryptocurrency people can do illegal transactions, like buy drugs, weapons etc. So for the safety reason they banned cryptocurrency, until they can control cryptocurrency. For some country allow cryptocurrency, they accept the technology inside cryptocurrency to improve their business and services.
They afraid in cryptocurrency people can do illegal transactions, like buy drugs, weapons etc. So for the safety reason they banned cryptocurrency, until they can control cryptocurrency. For some country allow cryptocurrency, they accept the technology inside cryptocurrency to improve their business and services.
I think it will always depend on the country itself. Some may allow it's usage or not or may remain undefined. In some instances, it was declared legal but then due to regulatory measurement and other risks, the have declared it illegal in some countries.
But there is nothing wrong if we would hope for it to happen right ? I think if this will happen, it will be a greater good for everyone.
But there is nothing wrong if we would hope for it to happen right ? I think if this will happen, it will be a greater good for everyone.
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I think, and hope, most countries will accept cryptos and will regulate them but all of them? Not at all. Some of them will forbid them. If all western countries legalize them, Muslim countries (for example) won’t. Cryptos legalized all ever the world won’t happen in my lifetime.
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
Already some countries made bitcoin as Ilegal in their trading if you caught for using or trading bitcoin then you will be jailed.But many countries not made announcement yet whether it is legal or illegal but some countries are already legalized and implemented taxes for bitcoin usage.So it is their own decision other countries can't to anything with their decision so you need to research about crypto currency in your country before investing on crypto currencies. Jump to: