Topic: Will the Bitcoin be able to legalize in different powerful countries? (Read 173 times)

Many countries are afraid of their currency, but it seems that the development will be like dollars in the future in the inter-state dealings.

Legalization will always represent a problem in the countries, the fact that an alternative economy has more growth capabilities than the one administered by the government and the banking sector is something that goes against control. However, in many countries cryptocurrency operations are being carried out, and in others, rules are being tried, there is a good path due to the approval of the ETFs, allowing the legitimacy of bitcoin, but waiting for a pronouncement from many nations is very complicated, I think that the road that is going all the events is the right one.

Bitcoin is likely to be legalized in some powerful countries and it will also bring regulation to it. For some reasons, small countries will definitely legalized the usage of bitcoin, trades, transactions and other related stuffs to it.

There's also a contradiction that you may see about it. Bitcoin is implementing decentralization which is against to a governing body and that would be hard to accept on these powerful countries. As we can see today, some of them are already recognizing it.

Yes there is in fact some people take that opportunity to play and earn some money from gambling, there are some sites that can help you to find the best gambling site for you just be aware on scam and fake sites.

I think there are still some reason why they don't allow bitcoin on their country. I agree with you that there is an opportunity on playing on a gambling site, you can win money by just playing quite amazing i think i should look for a casino site.

bitcoin creates a financial mess in many countries actually

If you want to use bitcoin,no one have to approve it you can use it as you want if it has value it can be used as a currency even if it becomes worthless you still you can use bitcoin without anyone's permission.

It is possible but it still depends on the government , we can't avoid the fact that they will literally hate something they can't control. Aside from that some of them are thinking about the outcomes of it on the economy of their country because it can be positive or negative. It is a difficult situation because even if someone wants to invest on it but the government didn't allow it on their country then they have to accept it that to break the law. It just like on a gambling, some countries allow their people to join and play different casino games but some are not. Its a great opportunity because you can play the variety of games that they offer.

you may be right but there are few governaments that think that if they legalize or regulate the cryptocurrency or accept bitcoin as the currency then as we know that there is no money trail in this field and the millions or may be the trillions of dollars of fraud and corruption will be lost from that country economy and the person will never be caught.

Some of the biggest super powers are afraid that if they make Bitcoin legal the total economic power will shift from the hands of the authority to the control of Public. This is rather good for the common people in a specific country as the currency will totally be decentralized in its own way and will be community driven but it affects the overall corruption and can totally block it in anyway which would further affect the pockets of the individuals manipulating the current system and they would never let it happen.

Most of the people in the authority tend to avoid the argument by saying "Bitcoin Transactions can promote uncontrolled scams and illegal deals" but it just avoids the facts that same thing is still happening even if we use fiat, still much of the illegal deals are ongoing in the current economy and usage of fiat does not stop it in any way. As the currency is growing its usage and power every day a large sort of community is getting attracted to Bitcoin, which make the government and banking industries in powerful countries worry about it and they try to boycott the use in whatever way they can to keep the power in control.

By looking at the currently increasing interest and adaptability of Bitcoin and other crypto it will surely perished in the powerful countries in the future due to the advantage of Bitcoin which favor to common people than the currently powered authority.

I would be very happy to list an example of Venezuela's latest government authorities cryptocurrency Petro which has just helped a country to overcome bad economic conditions is a effective way.

Expression of the Powerful Countries towards fiat.

The legalisation of Bitcoin is quite a complex topic. Exchanges can be regulated by various governments, and as they are similar to banks, this may be a good thing. The recognition of Bitcoin as a currency, or the restriction on its use are more difficult decisions for a government, and probably are connected to the security of the bankers who control the country. It is difficult to see how it can be banned completely. Will it ever become legal tender anywhere? Almost certainly not, as not everyone will have the ability to accept the transfer. Of course, if somebody invents a physical token that can be exchanged, then it may have the potential to become legal tender.

There are few countries that legalizing the bitcoin and some are very against this idea of legalizing the bitcoin. I think it should be legalized and should have a very keen system of check and balance.

What do you think?  Share your ideas and how we can do this?