Topic: Will Bitcoin will be declare as legal or not ? (Read 7217 times)
Maybe in the future each government in that country are planning to make Bitcoin as legal currency because Bitcoin helping family to make reach their dream and also to help their own family,relatives and their own needs. Bitcoin helping investors to make easier find a good investing unlike on company they needs a lot proposal or ads to convince the man to invest their company Bitcoin is easier than that and easier to reach them out.
Maybe in the next few years will be legal. Given the increasing bitcoin users and also the practical bitcoin to do the transaction plus the other features that make it easier for bitcoin users
Actually bitcoin has been declared a payment instrument in various countries, but for countries that do not support the use of bitcoin it is still not categorized as legitimate but the state also does not prohibit its ownership to be categorized as a commodity, it may still take a long time for bitcoin to be accepted as payment instruments in all countries, maybe 10 years ... 
I remember that I already read about the country which accepts bitcoin as a legal thing but I do not remember where I read that news. I think soon, many countries will accept bitcoin as a new payment solution for their people so their people can use bitcoin and have bitcoin to solve their problem. but there is any country that is not ready to declare bitcoin as a legal and they still make a research about bitcoin to know how they can get the benefits of bitcoin to them.
Not a lot more that can be added to the thread except to say it won't be major World Governments that introduce Crypto to the masses, rather, it will be smaller, less well thought of countries that are often overlooked that will be the early adopters of coin/tokens/or whatever comes after them.
Its up for the government, but if I were to suggest being legal is better, there will be some issues such as using it for illegal dealings but as a countermeasure bitcoin users can easily bring money to their country from another. So it easily helping with their economy just like that.
bitcoin is declared valid or not, it all depends on the attitude of the country where we live because supporting or not the facts that occur now are more and more users and business people start using bitcoin in every transaction, so it's legal or illegal is not important because all parties have begun to realize the importance crypto currency because it provides convenience in each of their trading transactions. 
As for my own perceptions here, bitcoin can be declared as legal if the leaders of a certain country will accept the importance of bitcoin to people's lives. Without any hesitation in each country, bitcoin will surely be accepted when there's support from leaders who wants to pursue cryptocurrency.
friend, I'm sure that India will not prohibit bitcoins
If govt want their good, good for country then they will give legality to bitcoin. If we look at prospect of bitcoin there is a possibility that someday the government will give legality to bitcoin and participate in it. Thats it
in some countries it is legal but in many bitcoin countries it still has been said illegal, but with the development of bitcoin I hope bitcoin will be legalized in the world.
hey guys, there is a piece of news today, we can discuss further.
If we consider big banks as institutions in the USA,
and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalization?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
If we consider big banks as institutions in the USA,
and they support or even encourage trading with crypto currencies,
can we infer it is a first step in the legalization?
Have a look at this
https://cointelegraph.com/news/bloomberg-morgan-stanley-plans-bitcoin-trading-for-clients
It still depend on a type of government because every country has its own laws or regulations on currency. Most wealthy nations are inclined to allow the use of bitcoin and some of them are already legalized bitcoin as one of their currency. Other countries restricted the use of bitcoin because in their own laws, the cryptocurrencies are illegal.
When government is ready to take a decision, no one will force them and I would suggest preempting their decision line is not the best as this would lead to unnecessary speculation which is going to further worsen the volatility issues surrounding bitcoin at the moment.the problem is, the government still have a doubt on it, they haven't have enough bravery to take risks, and haven't positive fully about the benefits of bitcoin as the currency.
I'm sure bitcoin will be declared as the legal currency someday, but reading about the thoughts shared, the idea that it will be legalized seems true. the problem is, the government still have a doubt on it, they haven't have enough bravery to take risks, and haven't positive fully about the benefits of bitcoin as the currency.
My country sees a great potential in it and our local banks are willing to even partnerships with other cryptocurrencies. It is still not regulated or legal but with the positive news that keeps coming, I know eventually it will.
For now bitcoin is not yet legal as a currency, maybe in the future if the government can accept bitcoin then bitcoin can be legitimated as a currency and can be used as a transaction tool.
We are already close to this, many countries are finally beginning to understand that changes are needed, otherwise an economic crisis will happen again.
Someday it will happen.
I guess that many countries were declared bitcoin as a legal and some of the country still not gives any statement. but soon, after they are finished learning about bitcoin, the other country will declare bitcoin as a legal too and maybe this will go to happen in the next year. we can only wait for the country gives the statement about bitcoin and we cannot push every government to declare bitcoin to be legal because the government controls the regulation of every country so we need to be patient for this.
I think other year or soon will be declare as legal this bitcoin now a days many peoples joining here trusting bitcoin also the other country they accept bitcoin as long as the government they accept already. So this bitcoin is a legal cryptocurrency were supporting this bitcoin many peoples need this we have a big profit here.
At present, there are countries that have already legalized bitcoin and crypto-currencies, but not everywhere they have the status of money. In some countries, the crypto currency has been given the status of private property.
Jump to: