Topic: will all the countries make cryptocurrency legal? - page 2. (Read 2687 times)
Maybe it will. This is now technology based world. One day every country came to realize that how cryptocurrencies are important for them. That day they marked this as legal.
need a long process to make all the countries accept cryptocurrency as legal. Some countries still not believe about cryptocurrency. but I hope cryptocurrency used by many countries legally.
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
legalization of bitcoin for all countries around the world for now is still very difficult to implement, seeing that there are still many countries in the world that technology still lags behind other countries, they do not want to recognize bitcoin as a legitimate currency, but they still do not understand how cryptocurrency work, and still fear that bitcoin is a money laundering tool by a large number of corruptors in their country ....
I very much hope that soon all countries will take bitcoin and we will finally start a new stage of economic relations.
I think that this will not happen. Perhaps some recognize it. The rest will make their own crypto-digital digital dollar and there will be total control. They will see money, and everything that is bought on them.
It looks like a little bit unrealistic but the processes have already started,there are too many cryptocurrency related projects which are used on institutional level,So I think it will take too much time but nothing is impossible,especially now,in our reality,when everyday new international,commercial agreements are drafted among countries.
I don't think that many countries will adopt cryptocurrency, because there's a deep reasons that hinders their leader to accept this fact that it will replace traditional money. However there's more advantages that made other countries planned to legalize this type of digital money to be their potential legit currency. Good thing to know that in south korea their people was very much educated with bitcoin and other cryptocurrency, that's why it's not hard for them to adopt the system.
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
To make cryptocurrency validated throughout the world, it may still be difficult, in addition to the level of progress of different countries, there are still many countries that want to protect the value of their currencies so that they do not endorse bitcoin. feared that business people leave the use of a country's currency and switch to bitcoin, it can be ascertained that the value of the country's currency is reduced, perhaps for some countries especially developed countries such things will not happen ...
We see that the process of legalizing crypto-currency takes a very long time. At such a pace as now, it may take many years for all countries to decide on this issue. However, we also do not know what can happen during this time. During this time, bitcoin can rise very much in its price and after panic, it falls very low. And this can happen several times. After that, the states will become much more negative about the entire Crypto-currency, considering it a financial bubble. Therefore, we can not say whether the crypto currency will ever be considered legitimate in all countries.
it's possible that the state can ban bitcoin in the presence of a decent cut and can add state revenue from bitcoin so it's possible, but it's back to government policy in your country, but hopefully.
It seems to me to be, but it's still a matter of time, and this will not happen as soon as we would like!
Cryptocurrencies have been linked to all aspects of daily life, including entertainment and this has been understood by Sia.
That is why they have announced a novelty, which involves the Blockchain technology.
to read more I invite you to review this article.
https://criptogaceta.com/tecnologia/ahora-sera-posible-poder-reproducir-videos-que-esten-almacenados-en-blockchain-de-sia/
That is why they have announced a novelty, which involves the Blockchain technology.
to read more I invite you to review this article.
https://criptogaceta.com/tecnologia/ahora-sera-posible-poder-reproducir-videos-que-esten-almacenados-en-blockchain-de-sia/
I think its very possible for universality of bitcoin whereby every country will legalize its operation. That will be very nice. BITCoin has com a long way , but it is not over. Some countries like China, United States of America and South Korea are already comfortable with bitcoin operations and hence have made cryptos legal. Hopefullly, several other countries would also do same with time.....
I do not think that can happen now. All countries are just not going legalize crytocurrencies now. Some government have expressed their outmost disgust for bitcoin but that does not put a restriction on cryptocurrency operation. We rather need support from the central bank-transaction perfection, transparency and security will help popularize bitcoin.
The process of legalizing crypto currency by different states has been and will be quite complex and contradictory. States are not very interested in having on their territory a crypto currency that can not be controlled and which has such great volatility at such a high cost. Bitcoin, in most cases, will be recognized as a financial asset and very rarely as a means of payment. However, the attitude to the crypto-currency in most states can also still change.
Yeah more or less it would take some time and with heavy regulations like Fincen's AML compliances, it would take 5 years or less to legalize this in whole world. Only big companies like shufti pro and hooyu are now able to cope up with new AML compliance so it will definitely be legal but more regulated.
The real answer in no. You cannot please everyone and it applies on anything that exists in this world. The first requirement of crypto is an internet and smartphone or any gadget where they can do transactions and I doubt that poor countries can provide a public wifi to consolidate the use of crypto.
Only id the respective governments feel that they can have some influence over it, and this can only come about with the first step of regulations set by these governments, under the "rule of law" in this case financially. But first governments will have to understand and would have to had implemented the technology behind cryptocurrencies, which is blockchain - testing blockchain applications in other facets of the governmental institutions. Once they see it can work there, then they will be more open to applying to the financial industry.
Some countries already bitcoin as a legal currency. ex; UK,US,South Korea, Japan. recently India also announced that legal of bitcoin. In china did't took as bitcoin as a legal currency. But many people like to do transactions in bitcoin. May be in few years most of countries will legal the bitcoin.
I hope so....when many developed countries such as Britain, the United States, South Korea, Japan have legalized many countries may also adopt a kebernian attitude to legalize bitcoin and this will happen when bitcoin becomes one of the alternatives of free market economic transactions
Some countries already bitcoin as a legal currency. ex; UK,US,South Korea, Japan. recently India also announced that legal of bitcoin. In china did't took as bitcoin as a legal currency. But many people like to do transactions in bitcoin. May be in few years most of countries will legal the bitcoin.
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