Bitcoin is a computer-based math problem.You can not say bitcoin is legal or not. But you can say is cryptocurrency legal or not. Most of the country's accepting cryptocurrency as a global payment term, for them it is legal and 4 other countries it is illegal. On internet it is legal or illegal both bcs of economical terms.
So, yes, since math is the basis for EVERY law in the natural universe; I’m going to have to say Bitcoin is LEGAL.
To elaborate a bit more; Bitcoin is a CURRENCY, like the US dollar. As such; still legal.
To elaborate further; Bitcoin is DECENTRALIZED; meaning that, when I accumulate, save and spend my own Bitcoins, I didn’t ask the government’s permission to do any of that; I don’t have to because there isn’t a government on the planet who has any more influence over legit bitcoin mining pool than I do. Therefore; still legal.
And, one final point, if I start Rev’s Video Arcade online and create a special Token that allows you to play a game on my site when you redeem it; and I charge you $1 to buy one of those Tokens; I have essentially created my own currency. No one is forcing you to buy it; no one is forcing me to accept it; it is what it is; a choice for us both. The fact that we both choose to use it makes it viable. And, to my knowledge, there is nothing illegal about that setup. It is actually basic contract law throughout most of the world. In a contract; both parties receive something of value. In this scenario; you give me $1, I give you a Token; which you use to play the game. You got to play (your takeaway/benefit) and I got $1 (my takeaway/benefit). Neither of us was harmed and we both got something we wanted; contract honored… Same goes for Bitcoin and/or any other crypto… It’s personal contracts being described as currency; all LEGAL.
So, let’s review…
Math problems are legal.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
Yes I Think Bitcoin Is Legal Because Recently Many Countries Decleared It As A Legal Currenchy. Gradually We Are Going Digitalization Ear. Where We Will Enjoy Up To Date Lifestyle, So Economical Revolation Will need, I Think Then Bitcoins Nessasity Will Big For Us. And Bitcoin Is More Secured Abd Easy To Transfer. So I Think It Will Legal All Over The World Within Few Years.Hmm. Do not you see how hacker is asking money in bitcoin payment terms. There is many negative impact on bitcoin localisation. But mostly time it will face negative thought in human minds.
Yes I Think Bitcoin Is Legal Because Recently Many Countries Decleared It As A Legal Currenchy. Gradually We Are Going Digitalization Ear. Where We Will Enjoy Up To Date Lifestyle, So Economical Revolation Will need, I Think Then Bitcoins Nessasity Will Big For Us. And Bitcoin Is More Secured Abd Easy To Transfer. So I Think It Will Legal All Over The World Within Few Years.Some countries have decided to make it a legal tender and countries like el Salvador and the government personally investing in bitcoin is a gate way because if their should be an increase in price then the government will will be making tons of money from it. And it is another way of doing awareness for bitcoin because when they adopted it. The news was everywhere and gained more interest in investing in bitcoin. And its a sign that the world is going digital. And if other countries can also follow the same foot step. And Bitcoin having more interesting features than the banking system makes it more fun to deal with.
Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment
As a matter of fact, I think that El Salvador is the country that has made Bitcoin a legal tender where which anyone can accept it in exchange or goods and other services.Indeed. Bitcoin is a legal tender in El Salvador, everyone can use Bitcoin for a payment purpose there. However, it is in El Salvador only, other countries probably have different regulations. We only expect that there will be more countries to follow El Salvador. So Bitcoin will be spreading as legal currency around the world.
-snip- in my country anybody is free to accept Bitcoin for payment, provided that their clients or customers are willing to pay them in Bitcoin. In my furniture business, I do accept Bitcoin payment and not every of my customers that are paying in Bitcoin or crypto but those that are into Bitcoin usually pay me in Bitcoin.You're lucky that Bitcoin can be used as a payment tool in your country. In my country, it is forbidden to use a payment tool. If we are trying to accept Bitcoin as a payment tool for our business, we can be jailed or pay fines. Not every country has the same condition as in your country. You're lucky to live in a friendly country.
That depends on the interpretation of each individual here on this forum platform. In short, it also depends on whether a country recognizes blockchain technology and can allow it to be used in their country by users or investors who will believe in it.As technology develops, I am sure that there will be many platforms that apply blockchain technology, and without realizing it, many new cryptocurrencies will be created so that Bitcoin will become increasingly famous, and of course, the price will definitely be higher due to the increase in people who enter and apply blockchain technology. As far as I know, many countries have accepted the use of cryptocurrency, such as the United States, Russia, Japan, Denmark, South Korea, Finland, Nigeria, China, and Ukraine.
But if a country is not open to this blockchain technology, for sure, Bitcoin is illegal for them, and they can even sell it in their territory, which is the country's jurisdiction. But now it is gradually being recognized by other countries in this era.
The legal status of cryptocurrencies varies around the world and may change over time. In general, many countries recognize the legality of the use and exchange of cryptocurrencies, but approaches and regulations can differ greatly.Yeah, the legal status of BTC depends on geography and time. One country may accept BTC as a payment method while another only sees it as an asset and still another thinks it is a risk that needs to be eliminated from the economy. Even one country can have very different views at each time about BTC, they once banned but approved or vice versa.
Several countries recognize and legalize the use and trading of cryptocurrencies, provide a legal framework for exchange, and allow payments with digital currencies.
Cryptocurrency transactions are a payment alternative for everyone who wants to use cryptocurrency and transactions can be carried out quickly, especially when compared to traditional payment methods that involve intermediaries such as banks.
As technology develops, I am sure that there will be many platforms that apply blockchain technology, and without realizing it, many new cryptocurrencies will be created so that Bitcoin will become increasingly famous, and of course, the price will definitely be higher due to the increase in people who enter and apply blockchain technology. As far as I know, many countries have accepted the use of cryptocurrency, such as the United States, Russia, Japan, Denmark, South Korea, Finland, Nigeria, China, and Ukraine.
Math problems are legal.Yes I agree, but it's still nothing to do if the government hate Bitcoin.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
No matter how much we ask to make Bitcoin legal, the government will not be able to recognize it as legal easily because the government has certain limitations that the government cannot easily escape. For example, the Central Bank never wants to recognize Bitcoin because in this case, if the Central Bank recognizes Bitcoin and accepts it as a means of transaction, then people will not have any confidence in the banking system. The amount of interest that banks give on loans and accept collateral cannot be accepted if Bitcoin is accepted. Moreover, there is a specific document of bank account and a database of transactions is created, but because there is no specific database in the case of Bitcoin transactions, the bank will never recognize Bitcoin transactions.Math problems are legal.Yes I agree, but it's still nothing to do if the government hate Bitcoin.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
We want Bitcoin to be legally accepted all the Countries around the world. Even though there are Countries who accept Bitcoin but there are also Countries that banned Bitcoin or any cryptocurrency. I'm so glad that I live in a Country where using Bitcoin is okay even though it's not legal tender.
Because of Bitcoin decentralization, government don't like it because they can't track user's transactions but since there are CEX and continuous development, some government accept Bitcoin.
I agree with you, there are people who doesn't really trust Bitcoin and we can't really please them no matter what we explained to them in order gain trust, that's why Central Bank consider it and having difficulties in making decisions.No matter how much we ask to make Bitcoin legal, the government will not be able to recognize it as legal easily because the government has certain limitations that the government cannot easily escape. For example, the Central Bank never wants to recognize Bitcoin because in this case, if the Central Bank recognizes Bitcoin and accepts it as a means of transaction, then people will not have any confidence in the banking system. The amount of interest that banks give on loans and accept collateral cannot be accepted if Bitcoin is accepted. Moreover, there is a specific document of bank account and a database of transactions is created, but because there is no specific database in the case of Bitcoin transactions, the bank will never recognize Bitcoin transactions.Math problems are legal.Yes I agree, but it's still nothing to do if the government hate Bitcoin.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
We want Bitcoin to be legally accepted all the Countries around the world. Even though there are Countries who accept Bitcoin but there are also Countries that banned Bitcoin or any cryptocurrency. I'm so glad that I live in a Country where using Bitcoin is okay even though it's not legal tender.
Because of Bitcoin decentralization, government don't like it because they can't track user's transactions but since there are CEX and continuous development, some government accept Bitcoin.
I agree with you, there are people who doesn't really trust Bitcoin and we can't really please them no matter what we explained to them in order gain trust, that's why Central Bank consider it and having difficulties in making decisions.
Fortunately, there Countries who legally accepted Bitcoin as their currency and one of that is El Salvador which is the first Country who accept Bitcoin legally. Aside from that, there is also a Bank who really accept Bitcoin payment and I believe it is a good start to increase Bitcoin's popularity.
In my opinion, what makes something legal or illegal is because we are in a certain legal area. So whatever it is, what determines whether it is legal or not is the legal body or institution that has authority in the region or country in which we live. Yes, math is legal, but it's not just about this. And when a country formulates whether something is legal or not, it is not only seen from whether it is computer based or not. but to the fundamentals, underlying, and so on which makes them formulate a law in their area.Legality for the use of cryptocurrency should not be too necessary, but basically every country wants to regulate the circulation of cryptocurrency in its country and tries to make money from cryptocurrency trading commodities. Only a few countries provide the freedom to carry out transactions using cryptocurrency. Even though the main purpose of creating Bitcoin is to create a digital currency whose circulation cannot be controlled by anyone, including the government.
But fortunately I live in a country where Bitcoin and other cryptocurrencies are legal, but only as a commodity asset, not as a means of payment.
Legality for the use of cryptocurrency should not be too necessary, but basically every country wants to regulate the circulation of cryptocurrency in its country and tries to make money from cryptocurrency trading commodities. Only a few countries provide the freedom to carry out transactions using cryptocurrency. Even though the main purpose of creating Bitcoin is to create a digital currency whose circulation cannot be controlled by anyone, including the government.I think legality with bitcoin as digital payment currency depend on government viewed, if they are happiness with bitcoin give positive side of taxes transaction its not problem to make bitcoin as legal payment currency transaction. But have difference way for government earn benefit with cryptocurrency give space for legalizing as commodity assets and bitcoin can't use as payment digital transaction.
I think legality with bitcoin as digital payment currency depend on government viewed, if they are happiness with bitcoin give positive side of taxes transaction its not problem to make bitcoin as legal payment currency transaction. But have difference way for government earn benefit with cryptocurrency give space for legalizing as commodity assets and bitcoin can't use as payment digital transaction.Yes, the government should not interfere with the circulation or legality of Bitcoin in each country. However, it seems that every country is trying to control the circulation of Bitcoin, and of course, this will provide many benefits for countries that accept the legality of Bitcoin as a legitimate payment alternative so that it will increase usage. Bitcoin is and will become very expensive as it becomes increasingly difficult to get it.
Main purpose of bitcoin to be investment assets in the future, I don't think problem when bitcoin not legal as payment currency if government have legal as commodity assets.
Unfortunately the situation is like that. The state wants to control everything that its citizens do. Especially if this is related to the financial system, money and income. That's why some countries don't legalize crypto because basically it can't be controlled 100%. But when they can at least create regulations regarding crypto, its services, transactions, and other activities, they definitely have a specific goal. And maybe one of the goals is to get income from crypto for the country, one of which is through taxes. And it's true, in my country, tax has been imposed on crypto transactions, and it is deducted directly when we make buying and selling transactions on local exchanges. Not only that, every exchange in this country is also required to exist under the auspices of state institutions and comply with applicable regulations. So it is very clear that the government has certain goals and certain control over activities or businesses in crypto.In my opinion, what makes something legal or illegal is because we are in a certain legal area. So whatever it is, what determines whether it is legal or not is the legal body or institution that has authority in the region or country in which we live. Yes, math is legal, but it's not just about this. And when a country formulates whether something is legal or not, it is not only seen from whether it is computer based or not. but to the fundamentals, underlying, and so on which makes them formulate a law in their area.Legality for the use of cryptocurrency should not be too necessary, but basically every country wants to regulate the circulation of cryptocurrency in its country and tries to make money from cryptocurrency trading commodities. Only a few countries provide the freedom to carry out transactions using cryptocurrency. Even though the main purpose of creating Bitcoin is to create a digital currency whose circulation cannot be controlled by anyone, including the government.
But fortunately I live in a country where Bitcoin and other cryptocurrencies are legal, but only as a commodity asset, not as a means of payment.
You are right that it is usually up to the government of the country where you live to decide whether it will be legal or not. However, it will take a long time for Bitcoin to become legal. In many countries the government does not support decentralized transactions and the government has no control over it. However, if legal, the demand for crypto will increase further.
I just told you a little about the situation of Bitcoin where I live and Bitcoin is open to the public but cannot be traded for commodities in the public, such as buying vegetables, candy, snacks, fruit, etc.We have similar situation in my country but I will like get a clarification from you about if the government specifically set the law that you can`t use bitcoin to get vegetables, candy and the likes?
What I mean by Bitcoin being open to the public is that it has its own market, namely the Centralized Exchange (CEX), I don't want to explain it further because that's my privacy and I have been working with the Centralized Exchange (CEX) since it was founded.
This regulation is also supported by all financial institutions, ministries of finance, government financial audits, etc., the only difference is that as I said at the beginning, Bitcoin cannot be traded to buy vegetables, fruit, candy, but Bitcoin must first be converted into Fiat.
Yes, the government should not interfere with the circulation or legality of Bitcoin in each country. However, it seems that every country is trying to control the circulation of Bitcoin, and of course, this will provide many benefits for countries that accept the legality of Bitcoin as a legitimate payment alternative so that it will increase usage. Bitcoin is and will become very expensive as it becomes increasingly difficult to get it.Well, why don't you try to control it? How can those in power let such cash flows pass them by, left unattended? It's not part of their agenda. Naturally, their task is to take everything under their gaze. In addition, taxes from crypto should be paid to the state treasury. This is the most important priority for officials.
Yes, the government should not interfere with the circulation or legality of Bitcoin in each country. However, it seems that every country is trying to control the circulation of Bitcoin,Well, why don't you try to control it? How can those in power let such cash flows pass them by, left unattended? It's not part of their agenda. Naturally, their task is to take everything under their gaze. In addition, taxes from crypto should be paid to the state treasury. This is the most important priority for officials.
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And here's the thing. Cryptans freely use crypto projects, hiding their earnings and income. Do you know how this hurts the state? It's infuriating.
You're right, the main factor why the government want to interfere bitcoin because they take the tax and reduce the misused of crypto currency.
They worry, bitcoin will be used for illegal activities or criminals.
No one can control bitcoin, no power can do it.
Although they are whales, they just decrease the price but it's temporary.
Bitcoin price will go up again.
I just told you a little about the situation of Bitcoin where I live and Bitcoin is open to the public but cannot be traded for commodities in the public, such as buying vegetables, candy, snacks, fruit, etc.
What I mean by Bitcoin being open to the public is that it has its own market, namely the Centralized Exchange (CEX), I don't want to explain it further because that's my privacy and I have been working with the Centralized Exchange (CEX) since it was founded.
This regulation is also supported by all financial institutions, ministries of finance, government financial audits, etc., the only difference is that as I said at the beginning, Bitcoin cannot be traded to buy vegetables, fruit, candy, but Bitcoin must first be converted into Fiat.
Government will never allow something that they cannot control and that is what happening in our days now , government is trying to take their piece of cake in crypto assets like Bitcoin and other coins as well and since bitcoin is a decentralized asset then for sure they will keep this treatment instead.Legality for the use of cryptocurrency should not be too necessary, but basically every country wants to regulate the circulation of cryptocurrency in its country and tries to make money from cryptocurrency trading commodities. Only a few countries provide the freedom to carry out transactions using cryptocurrency. Even though the main purpose of creating Bitcoin is to create a digital currency whose circulation cannot be controlled by anyone, including the government.I think legality with bitcoin as digital payment currency depend on government viewed, if they are happiness with bitcoin give positive side of taxes transaction its not problem to make bitcoin as legal payment currency transaction. But have difference way for government earn benefit with cryptocurrency give space for legalizing as commodity assets and bitcoin can't use as payment digital transaction.
Main purpose of bitcoin to be investment assets in the future, I don't think problem when bitcoin not legal as payment currency if government have legal as commodity assets.
It still depends. Different countries have varying views on Bitcoin. Some nations fully embrace it without attempting to regulate Bitcoin because they can see the future and many possibilities in using/supporting Bitcoin, while others view it as a threat and seek to take advantage of it. Some even see potential financial gains in Bitcoin to their advantage.Government will never allow something that they cannot control and that is what happening in our days now , government is trying to take their piece of cake in crypto assets like Bitcoin and other coins as well and since bitcoin is a decentralized asset then for sure they will keep this treatment instead.Legality for the use of cryptocurrency should not be too necessary, but basically every country wants to regulate the circulation of cryptocurrency in its country and tries to make money from cryptocurrency trading commodities. Only a few countries provide the freedom to carry out transactions using cryptocurrency. Even though the main purpose of creating Bitcoin is to create a digital currency whose circulation cannot be controlled by anyone, including the government.I think legality with bitcoin as digital payment currency depend on government viewed, if they are happiness with bitcoin give positive side of taxes transaction its not problem to make bitcoin as legal payment currency transaction. But have difference way for government earn benefit with cryptocurrency give space for legalizing as commodity assets and bitcoin can't use as payment digital transaction.
Main purpose of bitcoin to be investment assets in the future, I don't think problem when bitcoin not legal as payment currency if government have legal as commodity assets.
but lets see in the future if the crypto will win over their hardening in cryptocurrency.
Legal or not it doesn't matter as it is decentralized asset so governments has no control of it. It has become legal nowadyas because SEC recently approved Bitcoin ETF. Our country is Bitcoin friendly so I can say that it is legal here though central banks regulated local and international crypto exchanges but it's all good.
You're right, legal or not it is doesn't matter for bitcoin .
The government just can legalized but didn't control bitcoin.
In my country, the government is starting to interest in crypto currency.
Hopefully the government will legalize bitcoin soon, it's not about legalize.
But just for comfortable and secure for bitcoin lovers.
You are right that it is usually up to the government of the country where you live to decide whether it will be legal or not. However, it will take a long time for Bitcoin to become legal. In many countries the government does not support decentralized transactions and the government has no control over it. However, if legal, the demand for crypto will increase further.Since Bitcoin is decentralised it is challenging for governments to support it. Although we have learned about El Salvador as the country that has legalised Bitcoin. Bitcoin is fully legal in their country. People in their country will definitely know Bitcoin as legal. But in all other countries of the world no legalisation has been given yet. In that case they can also call it illegal. But an interesting thing is that even after Bitcoin has been declared illegal by almost all the countries in the world, Bitcoin is used by all but no one can say anything. If Bitcoin can be used normally or used by everyone without Bitcoin being validated then in one sense I can say it legal.
There are many countries in the world where Bitcoin has been legalized. There are also many countries where Bitcoin is illegal. With the current popularity of Bitcoin and the people's interest in it, Bitcoin will be legalized in all countries of the world in the future as clear as day. For some reason Bitcoin is still not legalized in many countries. But hopefully in the future Bitcoin will be legalized in every country as the privacy of Bitcoin becomes more secure. But it can be time consuming.
Bitcoin for me is illegal when we judge it base from the original meaning of "LEGAL".Well, as much as I may want to agree with you, I may still want to argue that bitcoin have actually become legal since it's spot ETF was approved by the US securities and exchange commission, several countries where bitcoin used to be illegal because they banned it have actually started to unban it, for example, here in nigeria, bitcoin transactions used to be banned, but soon after the bitcoin spot ETF was approved, the present government have now unbanned bitcoin transactions.
Legal in the dictionary means- 1) of, based on, or concerned with the law. 2) permitted by law.
So it all depends on the kind of government of which you have in your country.
As years passes by, some countries have started accepting bitcoin and making them legal.
Maybe by next decade, majority will accept bitcoin and legalized it.
There are many countries in the world where Bitcoin has been legalized. There are also many countries where Bitcoin is illegal. With the current popularity of Bitcoin and the people's interest in it, Bitcoin will be legalized in all countries of the world in the future as clear as day. For some reason Bitcoin is still not legalized in many countries. But hopefully in the future Bitcoin will be legalized in every country as the privacy of Bitcoin becomes more secure. But it can be time consuming.Bitcoin is currently traded and legalized in many countries around the world. But if you notice El Salvador has officially legalized Bitcoin in the country and transactions are always completed with Bitcoin. Moreover, when bitcoin is legalized in a country, if bitcoins are invested there, that country becomes financially prosperous. Because we know Bitcoin is a store of value so investing here will definitely bring a lot of value to a country from this investment. However, in the countries that currently do not legalize Bitcoin, it is hoped that in the future they will also legalize Bitcoin and its demand will increase. When the demand for this Bitcoin continues to grow, the value of Bitcoin will increase and it will become more popular because Bitcoin is a privacy-protecting currency.
There are many countries in the world where Bitcoin has been legalized. There are also many countries where Bitcoin is illegal. With the current popularity of Bitcoin and the people's interest in it, Bitcoin will be legalized in all countries of the world in the future as clear as day. For some reason Bitcoin is still not legalized in many countries. But hopefully in the future Bitcoin will be legalized in every country as the privacy of Bitcoin becomes more secure. But it can be time consuming.Bitcoin is currently traded and legalized in many countries around the world. But if you notice El Salvador has officially legalized Bitcoin in the country and transactions are always completed with Bitcoin. Moreover, when bitcoin is legalized in a country, if bitcoins are invested there, that country becomes financially prosperous. Because we know Bitcoin is a store of value so investing here will definitely bring a lot of value to a country from this investment. However, in the countries that currently do not legalize Bitcoin, it is hoped that in the future they will also legalize Bitcoin and its demand will increase. When the demand for this Bitcoin continues to grow, the value of Bitcoin will increase and it will become more popular because Bitcoin is a privacy-protecting currency.
~well, El Salvador is now popular from their bod step and it's no news what their bold step was.
Yeah ,~well, El Salvador is now popular from their bod step and it's no news what their bold step was.
I just hope others will follow this great innovation but i doubt as they still cherish the fiat system because of their activities or maybe they are afraid to come to a world of decentralised system
In some countries still reject and prohibit bitcoin.Probably in the next few years, some countries still want the centralised fiat system because of the benefits they derived from the trading system .
But let's look again in a few years.
Probably in the next few years, some countries still want the centralised fiat system because of the benefits they derived from the trading system .Depending on the development of the digital currency currently used, when many want to make the world's currency into one digital or centralized currency, there will be many choices that can use cryptocurrency, but you need to know that many want to control the circulation of world money, so if you want to create a centralized fiat system, it will be difficult to implement.
They are not even close to changing their mind but we keep wising up .
QuoteIn some countries still reject and prohibit bitcoin.Probably in the next few years, some countries still want the centralised fiat system because of the benefits they derived from the trading system .
But let's look again in a few years.
They are not even close to changing their mind but we keep wising up .
Yeah given that investors want this full control thing with their holdings and that is where fiat or centralized currency is not an option. Though both of them can be together they just vary in control and investors will surely be in favor of the decentralized one.Probably in the next few years, some countries still want the centralised fiat system because of the benefits they derived from the trading system .Depending on the development of the digital currency currently used, when many want to make the world's currency into one digital or centralized currency, there will be many choices that can use cryptocurrency, but you need to know that many want to control the circulation of world money, so if you want to create a centralized fiat system, it will be difficult to implement.
They are not even close to changing their mind but we keep wising up .
Yeah , I agree with you, the government still centralised fiat system, because they can control it.Bitcoin have positive side with decentralized fiat system and has transparent when using as transaction method, but government need looking from the other side before making bitcoin as legal payment transaction. In my country bitcoin have been accepted as commodity as investment assets only and government get benefit with taxes transaction, but still not allow as payment currency and right now still not have regulation with bitcoin as legal payment transaction.
But If the government will allow bitcoin,
The government needs legislation to accept Bitcoin as payment. Determining the amount of tax from crypto. But if crypto is only for investment, several countries have accepted it.
Everything is legal and everything is illegal. It's about the society and people in power who decide what is legal and what is illegal. How you use it will also determine whether if it is legal or illegal. If you use something for the greater good, how does that make something illegal?
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In my country the government didn't legalize bitcoin but allow bitcoin for investment. Maybe several people never talk about bitcoin there, because they said the government ban bitcoin, it's funny.The obstacles in various countries around the world regarding Bitcoin regulations are always different.
Bitcoin has been legalized in all the countries that have approved the use of Bitcoin, especially EI Salvador, CAR, recently Argentina, one of the world's Bitcoin friendly countries. However, various countries of the world are opposing Bitcoin, especially India has imposed a ban on Bitcoin a few days ago, and China has always shown an aggressive attitude towards Bitcoin. Bitcoin has no legality in my country and nothing can be said for sure whether it will be legalized in the distant future. Bitcoin is completely illegal in Bangladesh and investing in Bitcoin is strictly against the law.
Many people prefer use something legal, but we know bitcoin didn't allow at several countries. It means illegal, I think no. In my country the government didn't legalize bitcoin but allow bitcoin for investment. Maybe several people never talk about bitcoin there, because they said the government ban bitcoin, it's funny. Bitcoin is the future technology, the government should adopt this technology.The government will never give up the opportunity to control the people. They will do whatever they can to keep us in control. For example, the government in your country let people invest in Bitcoin but Bitcoin is not legal over there. So what happens when one day you wake up and hear that BTC is illegal in your country? What happens to people's investment? The government can easily put charges on people for using or owning BTC.
The government will never give up the opportunity to control the people. They will do whatever they can to keep us in control. For example, the government in your country let people invest in Bitcoin but Bitcoin is not legal over there. So what happens when one day you wake up and hear that BTC is illegal in your country? What happens to people's investment? The government can easily put charges on people for using or owning BTC.
~snip~
Everything is legal and everything is illegal. It's about the society and people in power who decide what is legal and what is illegal. How you use it will also determine whether if it is legal or illegal. If you use something for the greater good, how does that make something illegal?It is not the society, but it is the GOVERNMENT of the country that states whether something is legal or not legal, based on the laws and regulations established and in force in that country. And if it has become a law and regulation, then all citizens must obey it> And if you ignore it or don't obey it, then there will be sanctions given, whatever they are.
Everything is good until someone decides to use it for a bad purpose. And then it becomes bad. And if the mass is using it for the bad thing, then it becomes bad and tagged as illegal. But this is not true in most cases. People is power will try to make something bad if they don't have the authority or control over it. Thus restricting people from using it by making it look like a bad thing and declaring it illegal.
, Bitcoin is legal!!!
It is the government that determines what is legal or not. And there's no one government of the world. So bitcoin cannot be said to be legal or illegal in the general term. This is because bitcoin can be illegal in China but legal in El Salvador., Bitcoin is legal!!!
Bitcoin is a coin suitable for all investors. 100% Investors Bitcoin So Bitcoin has been faithfully in the market for a long time. Haven't heard any bad news about Bitcoin yet, so I believe Bitcoin the most. I have seen a lot of Altcoin destruction from the market, so I believe in Bitcoin and every year the price of Bitcoin increases the most during the halving cycle. All Altcoins are dependent on Bitcoin, so Bitcoin is not dependent on anyone. Bitcoin is legal currency.
Yeah , I agree with you, the government still centralised fiat system, because they can control it.Bitcoin have positive side with decentralized fiat system and has transparent when using as transaction method, but government need looking from the other side before making bitcoin as legal payment transaction. In my country bitcoin have been accepted as commodity as investment assets only and government get benefit with taxes transaction, but still not allow as payment currency and right now still not have regulation with bitcoin as legal payment transaction.
But If the government will allow bitcoin,
The government needs legislation to accept Bitcoin as payment. Determining the amount of tax from crypto. But if crypto is only for investment, several countries have accepted it.
El Savador is the only one country have fully control using bitcoin as payment transaction and using for all kinds transaction there, not limitation for using bitcoin as payment method there.
It is not the society, but it is the GOVERNMENT of the country that states whether something is legal or not legal, based on the laws and regulations established and in force in that country. And if it has become a law and regulation, then all citizens must obey it> And if you ignore it or don't obey it, then there will be sanctions given, whatever they are.I mentioned society as in the people in the society choose who will be in power as the government. And when the same government go against them and create some laws that are irrelevant, who do they blame? They are the ones who chose it!
That's why, at this time, unfortunately, we can't really escape from the bonds of centralized government. Because after all this will be difficult for those of us who live in countries with certain authorities. However, fortunately in my country, crypto is legal, only as a commodity asset, and illegal if used as money for payments.
The government always want to control what the citizens do, that's true. They can take the tax from our transaction in crypto. They should have regulations if they want control bitcoin and other.
If bitcoin illegal in my country, I think It's not matter, we still can do transaction in exchange using VPN.
But If the government against and refused, I think it will be negative issues in my country.
I think only a few countries accept Bitcoin, which can be used for full transactions without any restrictions, because Bitcoin is a very risky digital currency, and therefore not all countries can accept payments using Bitcoin. However, as technology develops, hopefully all countries can accept Bitcoin and altcoins as legal transactions.Yeah , I agree with you, the government still centralised fiat system, because they can control it.Bitcoin have positive side with decentralized fiat system and has transparent when using as transaction method, but government need looking from the other side before making bitcoin as legal payment transaction. In my country bitcoin have been accepted as commodity as investment assets only and government get benefit with taxes transaction, but still not allow as payment currency and right now still not have regulation with bitcoin as legal payment transaction.
But If the government will allow bitcoin,
The government needs legislation to accept Bitcoin as payment. Determining the amount of tax from crypto. But if crypto is only for investment, several countries have accepted it.
El Savador is the only one country have fully control using bitcoin as payment transaction and using for all kinds transaction there, not limitation for using bitcoin as payment method there.
Bitcoin is not only about math and digital product.
There is more value than that regarding Bitcoin which makes it still very trustworthy and has an extraordinary reputation. That could be as important as attracting various countries to issue regulations regarding Bitcoin.
Bitcoin is about assets, about money, and about technology and about a person's point of view which is increasingly changing as time goes by and the digital world globally. Many people are involved in the crypto world, especially in Bitcoin, the main goal of which is to make a profit, as well as ease of transactions globally. whereas the government with its centralized system certainly wants things to be centralized too. That's why this often clashes with the government's shared interests and in the end the government imposes several regulations related to this
The government should make regulations about Bitcoin and crypto. They houldn't hate and ban Bitcoin. Citizens need protection with clear rules. And the government can get taxes from our transactions in crypto. Both from trading and investing. Bitcoin is legal in several countries, hopefully my country will follow it, legalize Bitcoin soon.It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.
It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.
It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.
Bitcoin is the future technology, we all see many altcoins have good technology. But I confuse why the government didn't allow yet ?
We also heard bitcoin has been banned at several countries. The government should support this technology and adopt this.
When people will see that price of bitcoin has reached to 100k$ then surely every country will accept it and we will enter into new era of online earning. I think people are taking time to understand it so if they understand the success rate of bitcoin they will regret for their negative thoughts against bitcoin.Depend on each country regulation about bitcoin legal or not, its not matter in the near future bitcoin will raise above $100k if any country have restrict bitcoin as payment transaction they will not make bitcoin become legal currency.
Depend on each country regulation about bitcoin legal or not, its not matter in the near future bitcoin will raise above $100k if any country have restrict bitcoin as payment transaction they will not make bitcoin become legal currency.
in my country bitcoin only legal for commodity assets and illegal for digital payment currency transaction, next few months later have new president and I don't sure they have initiative to make bitcoin becoming legal payment transaction or bitcoin only allow for commodity assets.
Not only in your country, mate.Almost all countries supported bitcoin allowed for investment assets and not get regulation as payment currency transaction, we must acceptable and I think when government allowing bitcoin as investment assets seems more enough become our investing in the future and earn much profit trough trading with cryptocurrency.
In several countries the government also allows bitcoin as investment, not for payment. Legal or not, as long as it is allowed to become an investment commodity, it is better than being banned as is the case in several countries. But it's better if the government legalizes bitcoin as a payment method too.
Why should bitcoin be legalized? I think bitcoin lovers want to feel safe, comfortable and protected by the government. Because at the beginning of Bitcoin's launch, I still clearly remember my feelings at that time, there was fear. Because negative issues exist everywhere who say Bitcoin is illegal.In several countries, the use of Bitcoin has received many official statements regarding its use in society, but there are still several countries that do not provide regulations for the use of Bitcoin. This possibility is due to the influence of unstable Bitcoin price movements and very limited supply factors, so there is a risk in countries that have not yet accepted the use of Bitcoin as a legal digital currency.
So, let’s review…Everything's not a problem with Bitcoin, but the biggest hurdle it faces is from governments. Bitcoin's existence somewhat threatens government sovereignty and their currencies. That's why its legal status is hard to establish. Its speed is hindered by governments that always want to dominate and control the world.
Math problems are legal.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
I think that at this time there are many countries that are gradually recognizing and accepting the contribution that bitcoin can make to the economy. Because if El Salvador is able to make it a legal tender in their country, other countries will also be able to do it.
I think that at this time there are many countries that are gradually recognizing and accepting the contribution that bitcoin can make to the economy. Because if El Salvador is able to make it a legal tender in their country, other countries will also be able to do it.
Yeah many countries start to allow bitcoin, although not much. I heard elsavador and Argentina has allowed bitcoin for payment. In my country just allow to investing. But I believe bat the next several years again, we will see many countries accept bitcoin and crypto currency.
Yeah many countries start to allow bitcoin, although not much. I heard elsavador and Argentina has allowed bitcoin for payment. In my country just allow to investing. But I believe bat the next several years again, we will see many countries accept bitcoin and crypto currency.As far as I know, Elsavador will accept Bitcoin transactions in its country starting on June 7, 2021.In the country of Argentina, which will accept Bitcoin as legal tender in December 2023, this means that more and more governments from several countries are accepting payments using Bitcoin, which will trigger an increase in Bitcoin prices soon.
The thread is four years old and I don't know who bumped it (even I do not want to know). LOL. I would love to answer the question. It exclusively depends on the place you live in. You could be from the US, or you could be from El Salvador, or a third-world country like Bangladesh where Bitcoin and all other crypto's are banned.And thank God that this issue has already been closed and we are not worried about the legality of our activities and our income. But the question of taxation will remain, because governments really want to get a piece of this pie.
It's already a legal tender in El Salvador and you could say in the US too. Very recently, the US approved Bitcoin ETF and now it's trading there as well.
And thank God that this issue has already been closed and we are not worried about the legality of our activities and our income. But the question of taxation will remain, because governments really want to get a piece of this pie.
Actually, we don't need to discuss whether Bitcoin is legal or not, because this is an old problem and is always discussed in every crypto forum. If I look at several countries that have paved the way for bitcoin, the US with the SEC has approved a bitcoin ETF.
Bitcoin where I live is illegal if used in daily transactions and if you want the transaction to use Fiat, you cannot use Bitcoin.Its mean bitcoin legal as commodity assets and your country has local currency supported deposit and withdrawing directly to bank account. The same in my country bitcoin illegal for digital payment currency but we can use for trading and investing. Has difference respond in my country with bitcoin have been legal as commodity and government adopt taxes transaction trough local currency up to 0.11% each time transaction and we are paying around 0.22% each time buy and sell coins.
But if in my place there are people who understand cryptocurrency and want to buy goods with Bitcoin, that could happen if the seller also understands cryptocurrency.
But overall, cryptocurrencies including Bitcoin have a local market and can be said to be not banned.
Unless what is prohibited is transactions in real commodities that are used every day using Bitcoin trading, this is dangerous and prohibited in my place.
Everyone may be aware of technological advances which include bitcoin, but the readiness of each country is certainly different. You always have to prepare all the regulations before you can accept them, because regulations are important so that they don't cause difficulties for the government later.
It seems that I agree with you. With the developments that are taking place, we cannot avoid the fact that technology has begun to advance. The government should provide space to be able to accept the arrival of progress, not prohibit it, because the government provides facilities, taxes can be taken from every transaction that occurs, and the government also benefits. I think the state should protect its citizens to be able to use this progress; hopefully, in your country, you will do it soon because it is for a good cause.
Bitcoin is the future technology, we all see many altcoins have good technology. But I confuse why the government didn't allow yet ?
We also heard bitcoin has been banned at several countries. The government should support this technology and adopt this.
Everyone may be aware of technological advances which include bitcoin, but the readiness of each country is certainly different. You always have to prepare all the regulations before you can accept them, because regulations are important so that they don't cause difficulties for the government later.
It is true that there are still many countries that have not accepted it, but technological progress cannot be stopped. One day they will also be able to accept it once the regulations are in place and ready.
In many countries bitcoin is not legal and this is more countries, where it is allowed, still if you use it for example as a trader and do not pay taxes, it is also not legal, if you just hold bitcoin in the country where it is allowed, when you sell it you will have to prove where you got the money to buy it and when you bought it and only then you can pay taxes on it and legally withdraw the money.
It is my sincere hope that other nations which have declared bitcoin to be illegal will eventually reconsider their position to make it legal for their citizensThe legality and illegality of Bitcoin all comes from how the government of a nation sees it. Some of this government clearly understand what Bitcoin stands for, and it's benefit to the common man, which might lead to any decision of their choice. While other government don't understand how Bitcoin works, but would rather choose to declare it as an illegal currency.
I agree with you, it would be good, but there are always obstacles, it depends on how much interest will have to pay when withdrawing officially cryptocurrency, if they will not be large it will be right, but if they will be very small people will launder money through cryptocurrency, we need to find a golden mean where people will be happy and the state.In many countries bitcoin is not legal and this is more countries, where it is allowed, still if you use it for example as a trader and do not pay taxes, it is also not legal, if you just hold bitcoin in the country where it is allowed, when you sell it you will have to prove where you got the money to buy it and when you bought it and only then you can pay taxes on it and legally withdraw the money.
It would be better if the government should legalize bitcoin because they can get taxes from their transactions. because bitcoin has become increasingly popular even though it is banned in a country, I am sure its citizens will still invest in bitcoin. because bitcoin is very profitable for investment
It is my sincere hope that other nations which have declared bitcoin to be illegal will eventually reconsider their position to make it legal for their citizensThe legality and illegality of Bitcoin all comes from how the government of a nation sees it. Some of this government clearly understand what Bitcoin stands for, and it's benefit to the common man, which might lead to any decision of their choice. While other government don't understand how Bitcoin works, but would rather choose to declare it as an illegal currency.
The whole situation boils down to the government of the state. How they view it makes them make decision on who to use it.
They are too hasty to say bitcoin is illegal, they don't see the benefits of using and investing in bitcoin. The initial Bitcoin launch in many major countries banned and deemed bitcoin illegal. And it turns out that now they allow their citizens to invest in bitcoin. it seems funny.. ;D
There are different countries in the world and different countries use different currencies and have free trade regimes but they apply to that country's local currency. Bitcoin is not such a local currency but it is a digital and virtual currency whose formulas and mathematical algorithms are so complex that experts from different countries of the world fail to understand the geometry of this currency.has been Especially in low income countries like my Bangladesh the use of bitcoins is completely prohibited because the use of these currencies here will completely destroy the banking system. Moreover, since it is not possible to fully list the transaction system of these currencies, the possibility of money laundering will increase a lot. Therefore, the government of my country has considered the overall situation of the country.It has been banned till now.Difference countries has difference regulation with bitcoin, has any countries supported bitcoin as commodity assets and allowing for investing or trading only and not get regulation using for currency transaction payment.
There are different countries in the world and different countries use different currencies and have free trade regimes but they apply to that country's local currency. Bitcoin is not such a local currency but it is a digital and virtual currency whose formulas and mathematical algorithms are so complex that experts from different countries of the world fail to understand the geometry of this currency.has been Especially in low income countries like my Bangladesh the use of bitcoins is completely prohibited because the use of these currencies here will completely destroy the banking system. Moreover, since it is not possible to fully list the transaction system of these currencies, the possibility of money laundering will increase a lot. Therefore, the government of my country has considered the overall situation of the country.It has been banned till now.Difference countries has difference regulation with bitcoin, has any countries supported bitcoin as commodity assets and allowing for investing or trading only and not get regulation using for currency transaction payment.
I am lucky with my country regulation bitcoin is not prohibited although not allowing for payment currency transaction, we can trade, invest and withdraw bitcoin fund trough back account then many exchange market have get regulation directly from government for listing any kinds of altcoins.
Specifically answer of this topic is very tuff. Because Some country announced Bitcoin as legal currency and Some country consider Bitcoin as a illegal currency. Although some years ago Bitcoin was illegal currency for most of the countries. But gradually it being legal i think.
Because gradually world wide people and government understanding of Bitcoins importance. It’s usability increasing rapidly. So many country declared bitcoin as legal currency and also many country’s government are thinking how to legalized it. Huge Bank and other big big investor including and investing on bitcoin. So i think gradually Bitcoin will be legal.
A good government is able to protect every citizen from something that might be detrimental. So that when renewable technological advances occur, which include crypto, a good government can always provide regulations that are right on target and can be useful for its citizens. Progress cannot be prevented, but clear regulations can be implemented so that it does not cause harm, because the government will also bear the consequences of this development.
Everyone may be aware of technological advances which include bitcoin, but the readiness of each country is certainly different. You always have to prepare all the regulations before you can accept them, because regulations are important so that they don't cause difficulties for the government later.
It is true that there are still many countries that have not accepted it, but technological progress cannot be stopped. One day they will also be able to accept it once the regulations are in place and ready.
You are right bitcoin and crypto are technological progress, nothing can be stopped. But to accept bitcoin and crypto the government must have clear rules, where the rules can protect its citizens so they feel safe and comfortable. In several countries, they have started accepting bitcoin even though it has not been legalized and has not been used as payment in transactions, but it is permitted to invest in bitcoin.
In my place bitcoin is legal but cannot be used for non-crypto transactions or no one accepts payments using Bitcoin, but now Bitcoin has begun to be accepted by the wider community, although there are still many people who do not know what Bitcoin is.
If indeed Bitcoin will be legalized in payments, maybe this will take a long time because it needs a lot of authorization from the local government, especially the fluctuating price of Bitcoin so it will be even more difficult to put a fixed price on an item.In my place bitcoin is legal but cannot be used for non-crypto transactions or no one accepts payments using Bitcoin, but now Bitcoin has begun to be accepted by the wider community, although there are still many people who do not know what Bitcoin is.
yeah, bitcoin is legal for investment but not for payment transactions. When you are allowed to invest with Bitcoin, this is good enough for us as crypto lovers. Maybe in the future it will be legalized as a payment method
Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment
Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment
There are many countries that are fully using Bitcoin. For example, El Salvador has recognized Bitcoin as their economic currency. By recognizing Bitcoin as legal tender in 2021, all kinds of opportunities have been created for all people to learn about Bitcoin.
As noted by the author of this topic is not unimportant that when I want to use money I just take and use them without asking anyone, it should not be, but in our reality if you want to withdraw or transfer a large amount in the bank, you can even refuse or you will have to wait or prove the origin of this money and you have paid tax on them.
Since make bitcoin as legal tender in 2021 and keep active for investing right now El Savador earned much profitable with their bitcoin investment. Many positive aspect got by El Savador when making bitcoin as legal currency transaction from reduce criminal cases there, increasing of tourism visit there until profitable earned from their bitcoin investing.Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment
There are many countries that are fully using Bitcoin. For example, El Salvador has recognized Bitcoin as their economic currency. By recognizing Bitcoin as legal tender in 2021, all kinds of opportunities have been created for all people to learn about Bitcoin.
As noted by the author of this topic is not unimportant that when I want to use money I just take and use them without asking anyone, it should not be, but in our reality if you want to withdraw or transfer a large amount in the bank, you can even refuse or you will have to wait or prove the origin of this money and you have paid tax on them.That is the permissionless and censorship resistant nature of BTC, you can send and receive BTC without anyone's permission and if you don't use custodial services, nobody can also confiscate your coins. The problem is that many people store their BTC in centralized exchanges and they allow these services control their money, your funds should only be stored in self custodial wallets, so you will be in total control.
I agree with this opinion, but that doesn't mean illegal Bitcoin is impossible. The weakness of Bitcoin which is also an advantage is that its price fluctuates. On the other hand, this is very profitable for Bitcoin investors and traders, but this would not be good if BTC was used as a means of payment because if the price of Bitcoin falls we will be reluctant to make purchases and pay with BTC.If indeed Bitcoin will be legalized in payments, maybe this will take a long time because it needs a lot of authorization from the local government, especially the fluctuating price of Bitcoin so it will be even more difficult to put a fixed price on an item.In my place bitcoin is legal but cannot be used for non-crypto transactions or no one accepts payments using Bitcoin, but now Bitcoin has begun to be accepted by the wider community, although there are still many people who do not know what Bitcoin is.
yeah, bitcoin is legal for investment but not for payment transactions. When you are allowed to invest with Bitcoin, this is good enough for us as crypto lovers. Maybe in the future it will be legalized as a payment method
The government should legalize bitcoin, because bitcoin is very beneficial for our lives. Crypto technology can be adopted for various human interests and needs. Because many say crypto is the technology of the future. No worries about it.To legalize Bitcoin itself is not easy because there are definitely pros and cons, if for those of us who already understand and are familiar with Bitcoin, we certainly accept it well but for people who have no knowledge of crypto, they must ask what Bitcoin is and why it should be legalized.
As noted by the author of this topic is not unimportant that when I want to use money I just take and use them without asking anyone, it should not be, but in our reality if you want to withdraw or transfer a large amount in the bank, you can even refuse or you will have to wait or prove the origin of this money and you have paid tax on them.
That's why Satoshi Nakamoto said Bitcoin is going to be your bank. Where no one will ask where you received it or what is the source of your fund. But things are changing these days. People use centralized exchanges to buy/sell their Bitcoin, and those exchanges sometimes ask users about their funds.
A few weeks ago, a mixer was seized, and one of the mixer participants was asked to give some documents of the funds that they transferred to their exchange account, which is terrible. If you have legal money, you should not have problem with providing documents on initial transfer. But, if they ask for documents every time you do a transaction. This is annoying.
Yes, I agree, demanding documents is not good but it happens now and you should know about it, if you do not want to be asked for documents you should use decentralized exchanges and do not test your fate, there is now the same as on centralized exchanges.
Not only me. But I guess everyone hates it when banks or other platforms ask for documents to release your own funds. I have a logic. It's my own hard-earned money. Why do I have to provide information when I want to withdraw my money or want to spend it somewhere? The banks already asked for the source of the funds when we deposit the money. Why do I have to tell them about where I am going to spend it? I have translated a thread in Bitcoin where a Romanian guy was asked to provide information about what he would do with his money which is terrible.Of course, it is not appropriate for a bank to ask for documents for something that we have at the bank to take. Of course, we will have a reason before it goes into our savings account. If someone feels strange, they can carry out an investigation by asking or following the rules that apply to banks. Not after it is already in the bank account and when we want to take it, it is complicated by having to prepare supporting documents which should no longer be done by the bank. There is no urgency at all for the bank to ask in detail because all of these are rights that they own and cannot be regulated by anyone other than themselves.
Yes, I agree, demanding documents is not good but it happens now and you should know about it, if you do not want to be asked for documents you should use decentralized exchanges and do not test your fate, there is now the same as on centralized exchanges.
Not only me. But I guess everyone hates it when banks or other platforms ask for documents to release your own funds. I have a logic. It's my own hard-earned money. Why do I have to provide information when I want to withdraw my money or want to spend it somewhere? The banks already asked for the source of the funds when we deposit the money. Why do I have to tell them about where I am going to spend it? I have translated a thread in Bitcoin where a Romanian guy was asked to provide information about what he would do with his money which is terrible.
It depends on where you're at because some countries have restricted rules against Bitcoin. But what is 'legal' anyway? As long as it is against the region's or countries' interests, anything can be illegal.
This happens very often if we are talking about European banks, I have a card from an Asian bank, although I live in Europe and use it to withdraw funds and personally it is much easier for me, but others are very difficult with this and as you said they can demand proof of receipt of money.
This happens very often if we are talking about European banks, I have a card from an Asian bank, although I live in Europe and use it to withdraw funds and personally it is much easier for me, but others are very difficult with this and as you said they can demand proof of receipt of money.
Not only in Europe. But, these things happens in ASIA too. I am from Asian country and I also know how they treat customers when it comes to withdraw a large amount of money. You have notify your bank a week ago if you want to withdraw a big amount of money which is terrible. Banks ask for documents each time someone want to deposit cash money through cash counter. They give a form to fill up and some ID card as well. The country is moving cashless slowly. I hope that will help a lot. But, virtual transactions has a limit.
More virtual transactions will be carried out in the future, and everything will be digital. As you said, banks are getting stricter in withdrawal and deposit transactions and carrying out quite strict verification, because there are often scammers there. If bitcoin were legalized as a payment method, perhaps this would make the work of banks easier.
More virtual transactions will be carried out in the future, and everything will be digital. As you said, banks are getting stricter in withdrawal and deposit transactions and carrying out quite strict verification, because there are often scammers there. If bitcoin were legalized as a payment method, perhaps this would make the work of banks easier.This can all happen when conditions in the world are fine, but the fact is that several large countries are waging war between countries and what if they all use nuclear, which means the impact will be even more widespread because this nuclear exposure could cause the internet to shut down, from the news that I know There will also be larger solar storms on their way to Earth.
This happens very often if we are talking about European banks, I have a card from an Asian bank, although I live in Europe and use it to withdraw funds and personally it is much easier for me, but others are very difficult with this and as you said they can demand proof of receipt of money.
Not only in Europe. But, these things happens in ASIA too. I am from Asian country and I also know how they treat customers when it comes to withdraw a large amount of money. You have notify your bank a week ago if you want to withdraw a big amount of money which is terrible. Banks ask for documents each time someone want to deposit cash money through cash counter. They give a form to fill up and some ID card as well. The country is moving cashless slowly. I hope that will help a lot. But, virtual transactions has a limit.
This can all happen when conditions in the world are fine, but the fact is that several large countries are waging war between countries and what if they all use nuclear, which means the impact will be even more widespread because this nuclear exposure could cause the internet to shut down, from the news that I know There will also be larger solar storms on their way to Earth.
With the facts above, there is the potential for the earth to return to the stone age where the internet and the digital world will be destroyed.
I can't know about such details, as a foreigner for Asian countries I received a multi-currency card there and probably such a card is applied there only for locals, plus we can talk about different countries, Asia does not mean one country))) in different countries there may be different rules for opening accounts for both locals and foreigners.
I can't know about such details, as a foreigner for Asian countries I received a multi-currency card there and probably such a card is applied there only for locals, plus we can talk about different countries, Asia does not mean one country))) in different countries there may be different rules for opening accounts for both locals and foreigners.
Yeah. It varies from place to place and even from bank to bank. Some banks are controlled and owned by the government. Usually, government-owned banks use outdated technologiess and ask their customers to fill up various forms when they want to do some transactions. But when it comes to some other banks, they may not require you to fill up the forms if you do your transactions online. I wasn't been in aboard, so I don't know how banks are operated in other Asian countries.
You are right that you have not been on the bolt and may not know how other banks work simply because they adjust and change over time, plus I myself may not know how banks work in my country because I have not lived in it for a long time and do not use their banks.
El Salvador has directly accepted Bitcoin as their country's legal tender, but there are many countries outside of the country that have unofficially approved the use of Bitcoin. People in other countries may be able to use Bitcoin without any restrictions from the government or law, but there are some countries that prohibit the use of Bitcoin. We consider countries that prohibit the use of Bitcoin as Bitcoin ban countries, but we may consider all other countries as Bitcoin users.Many countries legalize bitcoin as a digital asset traded on exchanges, but only a few countries legalize bitcoin as a legal means of payment
There are many countries that are fully using Bitcoin. For example, El Salvador has recognized Bitcoin as their economic currency. By recognizing Bitcoin as legal tender in 2021, all kinds of opportunities have been created for all people to learn about Bitcoin.
Bitcoin Legal This is right because its proof is the main proof of its existence in the market for a long period of time. And it is so reliable that all investors in the world have invested in this bitcoin, and their money has been balancing in a safe place for a long time. Because massive people have gained from here so if I compare in terms of unique coins then surely it is trustworthy and.
Bitcoin for me is illegal when we judge it base from the original meaning of "LEGAL".
Legal in the dictionary means- 1) of, based on, or concerned with the law. 2) permitted by law.
So it all depends on the kind of government of which you have in your country.
As years passes by, some countries have started accepting bitcoin and making them legal.
Maybe by next decade, majority will accept bitcoin and legalized it.
For me BTC is legal, because most countries accept it and declared it as legal recently. And most legal foreign exchange companies also deal with BTC, if it was illegal they won't use it.The legality of using BTC depends on those who are familiar with Bitcoin transaction methods and will accept Bitcoin as a legal digital currency. However, for those who don't understand and are afraid of the risk of unstable Bitcoin price movements, of course they won't say Bitcoin is not valid for use as payment.
BTC is one of the best crypto currencies in the world now, and mostly people invest in BTC for a living.
Most successful entrepreneurs and big business men also save their assets in BTC in our society today.
The legality of using BTC depends on those who are familiar with Bitcoin transaction methods and will accept Bitcoin as a legal digital currency. However, for those who don't understand and are afraid of the risk of unstable Bitcoin price movements, of course they won't say Bitcoin is not valid for use as payment.
With advances in renewable technology, we can be sure that many people understand about bitcoin, but why don't some people want to use it as a legal payment method!! It all just depends on each country, because the country must have regulations first before it will accept bitcoin as a legal or recognized means of payment.
The legality of using BTC depends on those who are familiar with Bitcoin transaction methods and will accept Bitcoin as a legal digital currency. However, for those who don't understand and are afraid of the risk of unstable Bitcoin price movements, of course they won't say Bitcoin is not valid for use as payment.
Yes, if they don't understand that Bitcoin can be used as a payment method, they will doubt it, including some governments in several countries. This is normal because they still consider the good and bad if allowed.
Bitcoin is a computer-based math problem.Bitcoin isn't consider as legal tender in most countries, though it's isn't recognized as a form of currency.
So, yes, since math is the basis for EVERY law in the natural universe; I’m going to have to say Bitcoin is LEGAL.
To elaborate a bit more; Bitcoin is a CURRENCY, like the US dollar. As such; still legal.
To elaborate further; Bitcoin is DECENTRALIZED; meaning that, when I accumulate, save and spend my own Bitcoins, I didn’t ask the government’s permission to do any of that; I don’t have to because there isn’t a government on the planet who has any more influence over legit bitcoin mining pool than I do. Therefore; still legal.
And, one final point, if I start Rev’s Video Arcade online and create a special Token that allows you to play a game on my site when you redeem it; and I charge you $1 to buy one of those Tokens; I have essentially created my own currency. No one is forcing you to buy it; no one is forcing me to accept it; it is what it is; a choice for us both. The fact that we both choose to use it makes it viable. And, to my knowledge, there is nothing illegal about that setup. It is actually basic contract law throughout most of the world. In a contract; both parties receive something of value. In this scenario; you give me $1, I give you a Token; which you use to play the game. You got to play (your takeaway/benefit) and I got $1 (my takeaway/benefit). Neither of us was harmed and we both got something we wanted; contract honored… Same goes for Bitcoin and/or any other crypto… It’s personal contracts being described as currency; all LEGAL.
So, let’s review…
Math problems are legal.
Currency is legal.
Decentralization removes government influence and nullifies any question of legality because that’s what a free economy means.
Contract law says that if we both got something of value and no one was harmed then a transaction is LEGAL. So, again, as a non-attorney who is NOT offering legal advice, and, as a guy who uses Bitcoin on a daily basis; YES, Bitcoin is legal!!!
Bitcoin isn't consider as legal tender in most countries, though it's isn't recognized as a form of currency.It seems that what you say could be true, because to be considered a legal means of payment, the state must prepare needs that can be used as a benchmark and that the public can be willing to accept, while acceptance must use tools that are clearly not easy to prepare.
Bitcoin isn't consider as legal tender in most countries, though it's isn't recognized as a form of currency.So far, several countries still accept Bitcoin as a legal means of payment, such as El Salvador and the Central African Republic, while other countries have good regulations regarding the use of Bitcoin. Meanwhile, Bitcoin is of course recognized as a substitute for digital currency that can be used to make it easier to carry out electronic transactions and the currency is not always in physical form.
Bitcoin isn't consider as legal tender in most countries, though it's isn't recognized as a form of currency.So far, several countries still accept Bitcoin as a legal means of payment, such as El Salvador and the Central African Republic, while other countries have good regulations regarding the use of Bitcoin. Meanwhile, Bitcoin is of course recognized as a substitute for digital currency that can be used to make it easier to carry out electronic transactions and the currency is not always in physical form.
Bitcoin may only be used for transactions in certain countries, and may only be used as a payment method in Elsavador and the Central African Republic. Actually, people always ask about the legality of bitcoin, is it mandatory? Let time tell, because the government has allowed it as an investment tool, I think this is good.According to the white paper published by Satoshi Nakamoto, Bitcoin should not need to obtain legality for its use because Bitcoin was created as a digital currency that cannot be controlled by anyone, including the government, but until now with the aim of providing security for the people so that they are not affected by the negative impacts of Bitcoin then the government provides regulations regarding the use of Bitcoin.
Yes, if they don't understand that Bitcoin can be used as a payment method, they will doubt it, including some governments in several countries. This is normal because they still consider the good and bad if allowed.Do you mean the government doesn't understand the Bitcoin for payment purpose?
For me BTC is legal, because most countries accept it and declared it as legal recently.using the word MOST COUNTRIES is overstatement mate.
And most legal foreign exchange companies also deal with BTC, if it was illegal they won't use it.would you please stop using that term MOST COUNTRIES because you are talking nonsense in those part.
It is not ONE OF THE BEST because Bitcoin IS THE BEST cryptocurrency ever created and up to now that is proven.
BTC is one of the best crypto currencies in the world now, and mostly people invest in BTC for a living.
Most successful entrepreneurs and big business men also save their assets in BTC in our society today.
Bitcoin may only be used for transactions in certain countries, and may only be used as a payment method in Elsavador and the Central African Republic. Actually, people always ask about the legality of bitcoin, is it mandatory? Let time tell, because the government has allowed it as an investment tool, I think this is good.According to the white paper published by Satoshi Nakamoto, Bitcoin should not need to obtain legality for its use because Bitcoin was created as a digital currency that cannot be controlled by anyone, including the government, but until now with the aim of providing security for the people so that they are not affected by the negative impacts of Bitcoin then the government provides regulations regarding the use of Bitcoin.
That is if we comply with our local taxation but I was also wondering if local exchanges already included taxes when we have withdrawal transactions I am persoanlly not aware of this to be honest. But just recently I've heard on the news here in my country about freelancers, online sellers and maybe crypto related generating income that those sectors are not exempted on this and should be taxed. I am not against taxation but instead I can see this as a good sign that legality of Bitcoin and other cryptocurrency still remain even though government is on it's campaign against unregistered foreign crypto exchanges. I can also see increasing adoption despite the banning maybe because of Bitcoin ETF approval.Bitcoin may only be used for transactions in certain countries, and may only be used as a payment method in Elsavador and the Central African Republic. Actually, people always ask about the legality of bitcoin, is it mandatory? Let time tell, because the government has allowed it as an investment tool, I think this is good.According to the white paper published by Satoshi Nakamoto, Bitcoin should not need to obtain legality for its use because Bitcoin was created as a digital currency that cannot be controlled by anyone, including the government, but until now with the aim of providing security for the people so that they are not affected by the negative impacts of Bitcoin then the government provides regulations regarding the use of Bitcoin.
Actually, according to the regulations issued by the government, we are also subject to tax. So the relationship is mutually beneficial, we as investors feel safe and the government also gets tax revenue.
I just don't like seeing taxes being used or falls in the hands of corrupt politicians.
many citizens do not like this to happen, their taxes fall into the hands of corrupt politicians. Because it's very troublesome. We as citizens obey taxes, and they steal taxes from us.
many citizens do not like this to happen, their taxes fall into the hands of corrupt politicians. Because it's very troublesome. We as citizens obey taxes, and they steal taxes from us.
Maybe those taxes are used properly in Western countries. But, if you talk about 3rd world countries, people hate paying taxes because of the corruption. If I pay $100 in taxes, probably 50% will be used to develop the country's structure to which I, as a general person, won't have access. The most important thing is, that most the politician becomes a millionaire after one period of their power.
They don't have to do any business to become a millionaire. They have the ultimate power to do anything. Suppose the government give them a budget of $100K for a road. They will spend a max of $30K, and the rest 70K is for themself. That's what happens in the 3rd world country.
Maybe those taxes are used properly in Western countries. But, if you talk about 3rd world countries, people hate paying taxes because of the corruption. If I pay $100 in taxes, probably 50% will be used to develop the country's structure to which I, as a general person, won't have access. The most important thing is, that most the politician becomes a millionaire after one period of their power.Each country has a different character because the economic conditions experienced in that country are also very different. When in a country all its people have a lot of money, no one will commit crimes of corruption. They don't really need money anymore because they are rich and can buy whatever they want easily.
They don't have to do any business to become a millionaire. They have the ultimate power to do anything. Suppose the government give them a budget of $100K for a road. They will spend a max of $30K, and the rest 70K is for themself. That's what happens in the 3rd world country.
Each country has a different character because the economic conditions experienced in that country are also very different. When in a country all its people have a lot of money, no one will commit crimes of corruption. They don't really need money anymore because they are rich and can buy whatever they want easily.
Almost all over the world, especially in developing countries, corruption by rulers and politicians is no longer strange. Rulers and politicians both do and know each other, so they don't want to take any action to be brought to justice, because they control the law and can do whatever they like. People cannot do anything because this culture of corruption has become commonplace, and they are no longer ashamed to do it. Even if they are punished, the punishment is light because there is no confiscation of assets resulting from corruption, so there is no deterrent effect.That is the perception that occurs in 3rd world countries. They will compete to commit corruption because being politicians and being state administrators is their way of taking people's money/taxesmany citizens do not like this to happen, their taxes fall into the hands of corrupt politicians. Because it's very troublesome. We as citizens obey taxes, and they steal taxes from us.
Maybe those taxes are used properly in Western countries. But, if you talk about 3rd world countries, people hate paying taxes because of the corruption. If I pay $100 in taxes, probably 50% will be used to develop the country's structure to which I, as a general person, won't have access. The most important thing is, that most the politician becomes a millionaire after one period of their power.
They don't have to do any business to become a millionaire. They have the ultimate power to do anything. Suppose the government give them a budget of $100K for a road. They will spend a max of $30K, and the rest 70K is for themself. That's what happens in the 3rd world country.
To see bitcoin allow or become legal currency transaction depend on parliament regulation, its important for us when election day give opportunity for candidate have vision with allowing bitcoin become legal currency transaction. I think if most of parliament filled by old people seems difficult to see bitcoin become legal payment currency.Agree, that the influence of parliament is very important because they are the ones who make regulations as to whether something related to certain policies can be accepted or not, such as the legalization of crypto, of course. But of course, it is not easy for them to accept all of this, because they always think about the situation of the country whether they can and are capable of accepting it by preparing the very necessary regulations so that it does not harm society or the government in the future.
In my country last several weeks ago have campaign, most of the winner not any mission or vision about cryptocurrency although in this years raise more than 50 billion dollar form taxes transaction with my country have regulation bitcoin legal as commodity assets only.
Almost all over the world, especially in developing countries, corruption by rulers and politicians is no longer strange. Rulers and politicians both do and know each other, so they don't want to take any action to be brought to justice, because they control the law and can do whatever they like. People cannot do anything because this culture of corruption has become commonplace, and they are no longer ashamed to do it. Even if they are punished, the punishment is light because there is no confiscation of assets resulting from corruption, so there is no deterrent effect.
To see bitcoin allow or become legal currency transaction depend on parliament regulation, its important for us when election day give opportunity for candidate have vision with allowing bitcoin become legal currency transaction. I think if most of parliament filled by old people seems difficult to see bitcoin become legal payment currency.I think that whether bitcoin is allowed as legal way to pay for things will depend on what people in charge think. It is important for politicians to have clear opinion on cryptocurrency and how it can help economy. I do not think someone age should decide if bitcoin can be used as money. It is more about understanding how cryptocurrency works. I am worried that people who won recent election do not have good plan for cryptocurrency even though it could bring in much of tax money. Lawmakers should learn about good things cryptocurrency can do and how it might affect economy.
In my country last several weeks ago have campaign, most of the winner not any mission or vision about cryptocurrency although in this years raise more than 50 billion dollar form taxes transaction with my country have regulation bitcoin legal as commodity assets only.
To see bitcoin allow or become legal currency transaction depend on parliament regulation, its important for us when election day give opportunity for candidate have vision with allowing bitcoin become legal currency transaction. I think if most of parliament filled by old people seems difficult to see bitcoin become legal payment currency.I think that whether bitcoin is allowed as legal way to pay for things will depend on what people in charge think. It is important for politicians to have clear opinion on cryptocurrency and how it can help economy. I do not think someone age should decide if bitcoin can be used as money. It is more about understanding how cryptocurrency works. I am worried that people who won recent election do not have good plan for cryptocurrency even though it could bring in much of tax money. Lawmakers should learn about good things cryptocurrency can do and how it might affect economy.
In my country last several weeks ago have campaign, most of the winner not any mission or vision about cryptocurrency although in this years raise more than 50 billion dollar form taxes transaction with my country have regulation bitcoin legal as commodity assets only.
Each country has a different character because the economic conditions experienced in that country are also very different. When in a country all its people have a lot of money, no one will commit crimes of corruption. They don't really need money anymore because they are rich and can buy whatever they want easily.
Will being rich guarantee someone not to commit corruption? What is the standard for wealth? Because we see many rich people who become politicians and go to prison because of corruption. Greed will always bring harm to humans.I think for those who are already very rich, if there is an opportunity to commit corruption, they will still try to do it, no matter how small the corruption is, all humans will definitely continue to do that because it is human nature to be easily influenced by the money they earn.
Yes, I agree with your statement, corruption can indeed attack anyone from rich people or people who are not yet rich. Everyone in this world is tempted by money that is easy to get, such as through corruption, in some big countries they even apply very severe punishments to them. who was proven to have committed corruption.Will being rich guarantee someone not to commit corruption? What is the standard for wealth? Because we see many rich people who become politicians and go to prison because of corruption. Greed will always bring harm to humans.I think for those who are already very rich, if there is an opportunity to commit corruption, they will still try to do it, no matter how small the corruption is, all humans will definitely continue to do that because it is human nature to be easily influenced by the money they earn.
Yes, I agree with your statement, corruption can indeed attack anyone from rich people or people who are not yet rich. Everyone in this world is tempted by money that is easy to get, such as through corruption, in some big countries they even apply very severe punishments to them. who was proven to have committed corruption.
Depend on where you live. Bitcoin is not allowed in some countries
I think for those who are already very rich, if there is an opportunity to commit corruption, they will still try to do it, no matter how small the corruption is, all humans will definitely continue to do that because it is human nature to be easily influenced by the money they earn.
I think for those who are already very rich, if there is an opportunity to commit corruption, they will still try to do it, no matter how small the corruption is, all humans will definitely continue to do that because it is human nature to be easily influenced by the money they earn.
I think rich people are more involved in corruption than poor people because poor have little bit fear about doing this and are satisfied with the money they have. It is the human nature that they are not happy with what they have and always think that it will be better if they get more.
All humans are not a part of corruption but some of them are because money taste very sweet so they are in Struggle to earn more and more no matter they choose a good way or a way of corruption.
I think greed will make people commit corruption, this has happened in many countries. Poor people are more grateful for their situation, do not wish for more like rich people. but it all goes back to their respective characters.
I agree that greed will give rise to many bad things, one of which is corruption. Corruption is a problem that the government can solve if it is a state official who commits it, and likewise if the perpetrators are those in a company, it would be best if there were punishments that would deter them. In the world of investment, greed is also a bad emotion, because we can experience big losses if we are greedy.
If Bitcoin is legalized, there will be many benefits, because digital technology will be needed in the future. With Bitcoin as a pioneer, many altcoins have emerged that have many useful projects. So with so many bitcoin demanders and people investing in bitcoin it would be best if bitcoin were legalized.Payment technology in the future may be completely digital and many cryptocurrency platforms will be created and there may be applications that create only one currency but can be used in all countries. If bitcoin is legalized then this will provide a very high risk because there will definitely be several countries that reject bitcoin because they are afraid that bitcoin will be used as a weapon to destroy a country's economy because we all know that bitcoin price movements depend on people who have a lot of money, so countries that have a lot of money will be the winners and I don't think it will be safe if used for all countries.
If Bitcoin is legalized, there will be many benefits, because digital technology will be needed in the future. With Bitcoin as a pioneer, many altcoins have emerged that have many useful projects. So with so many bitcoin demanders and people investing in bitcoin it would be best if bitcoin were legalized.Payment technology in the future may be completely digital and many cryptocurrency platforms will be created and there may be applications that create only one currency but can be used in all countries. If bitcoin is legalized then this will provide a very high risk because there will definitely be several countries that reject bitcoin because they are afraid that bitcoin will be used as a weapon to destroy a country's economy because we all know that bitcoin price movements depend on people who have a lot of money, so countries that have a lot of money will be the winners and I don't think it will be safe if used for all countries.
The government has many considerations if it wants to legalize bitcoin as a payment method, because they must be prepared to face the consequences. but they have to understand, it will definitely happen in the future. Currently the government has legalized bitcoin as an investment, it is possible that in the future it will be legalized as a payment methodIf the government legalizes bitcoin as a means of payment then fiat will be even more depreciated and then again the government does not have full control over bitcoin which is decentralized so from the government will not want to adopt bitcoin so quickly except for governments with small resources such as El Salvador which legalizes it and even buys bitcoin every day.
-snip-Our country is still quite tolerant of crypto regulation, quite satisfied with what has been done.
In my country bitcoin is recognized as a commodity asset the rest if someone makes a transaction outside of fiat will be punished, it is not recommended so for future prospects we never know the opportunity for adoption will be greater like it.
-snip-Our country is still quite tolerant of crypto regulation, quite satisfied with what has been done.
In my country bitcoin is recognized as a commodity asset the rest if someone makes a transaction outside of fiat will be punished, it is not recommended so for future prospects we never know the opportunity for adoption will be greater like it.
Not too prohibitive the development of crypto, even in the future with the new president will develop crypto for the better.
Regulation as a commodity asset has certainly passed many considerations, in addition to the considerable crypto risks, ordinary people also cannot control their crypto use.
Opportunities for mass adoption in the future certainly exist, but these will really be tailored to the circumstances of our country.
If the government is tolerant enough with crypto, it means that in the future crypto will get regulations that support it. the government should legalize crypto because it will be needed in the future. I am very happy if a country starts supporting crypto, it means that the government is willing to be invited to think forward.I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.
I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.
It's just about commodities, and it won't be much more than that.
Legitimate payments remain with traditional money and may not use crypto.
Nonetheless, crypto is becoming quite in demand and governments are increasingly eager to develop it.
There are no obstacles even though regulation is not entirely favorable, but it is a good path for crypto development.
I think for those who are already very rich, if there is an opportunity to commit corruption, they will still try to do it, no matter how small the corruption is, all humans will definitely continue to do that because it is human nature to be easily influenced by the money they earn.
I think rich people are more involved in corruption than poor people because poor have little bit fear about doing this and are satisfied with the money they have. It is the human nature that they are not happy with what they have and always think that it will be better if they get more.
All humans are not a part of corruption but some of them are because money taste very sweet so they are in Struggle to earn more and more no matter they choose a good way or a way of corruption.
I think greed will make people commit corruption, this has happened in many countries. Poor people are more grateful for their situation, do not wish for more like rich people. but it all goes back to their respective characters.
What is the importance of legal Bitcoin?What is the importance of Bitcoin being legal?
Should Bitcoin be legalized?
So what's in it for us bitcoin holders?
Didn't Sathosi create Bitcoin for anonymity and doesn't need legality?
What is the importance of legal Bitcoin?What is the importance of Bitcoin being legal?
Should Bitcoin be legalized?
So what's in it for us bitcoin holders?
Didn't Sathosi create Bitcoin for anonymity and doesn't need legality?
For me, whether it is legal or not is the same because in this country it does not yet support Bitcoin withdrawal to the Bank, it still requires a financial services authority.
The benefits of Bitcoin holders are just money and money.
All crypto is anonymous it is not recommended to share personal information in the crypto world.
I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.We come from with the same country, based on my viewed our government not really care about cryptocurrency become legal payment transaction in the future just take points how to earn benefit trough taxes transaction. Since adopted first time almost one year and earn much money from taxes not significant progress for the future bitcoin will be legal transaction not only as commodity assets.
It's just about commodities, and it won't be much more than that.
Legitimate payments remain with traditional money and may not use crypto.
Nonetheless, crypto is becoming quite in demand and governments are increasingly eager to develop it.
There are no obstacles even though regulation is not entirely favorable, but it is a good path for crypto development.
I say this is still a gray-zone, because my government does not fully support or does not carry out mass adoption.We come from with the same country, based on my viewed our government not really care about cryptocurrency become legal payment transaction in the future just take points how to earn benefit trough taxes transaction. Since adopted first time almost one year and earn much money from taxes not significant progress for the future bitcoin will be legal transaction not only as commodity assets.
It's just about commodities, and it won't be much more than that.
Legitimate payments remain with traditional money and may not use crypto.
Nonetheless, crypto is becoming quite in demand and governments are increasingly eager to develop it.
There are no obstacles even though regulation is not entirely favorable, but it is a good path for crypto development.
Its bitcoin regulation right now will be more profitable assets for government and earn income trough taxes transaction but in other side they won't help bitcoin become legal currency transaction in the future.
Even though the government only allows bitcoin for investment and not as a means of payment, I think this is good. At least we as Bitcoin lovers can invest in Bitcoin comfortably, because the government has legalized it.Yups, I feel grateful that the government has provided the right regulations, although not completely.
In fact, if the government legalizes bitcoin for transactions, it will have a positive impact on bitcoin, the price will be more stable. Despite the volatile character of bitcoin. We can use the USD standard to assess it. The legality of bitcoin is not required if bitcoin is only used for investment.The government must carefully consider when it wants to accept bitcoin as a legal transaction tool, because bitcoin has a very limited supply, the government is very afraid of bitcoin being used as a weapon to destroy a country's economy.
The advantage of legal Bitcoin is only for bitcoin miners because with legal Bitcoin miners can freely carry out Bitcoin mining activities without having to think about licensing.What is the importance of legal Bitcoin?What is the importance of Bitcoin being legal?
Should Bitcoin be legalized?
So what's in it for us bitcoin holders?
Didn't Sathosi create Bitcoin for anonymity and doesn't need legality?
For me, whether it is legal or not is the same because in this country it does not yet support Bitcoin withdrawal to the Bank, it still requires a financial services authority.
The benefits of Bitcoin holders are just money and money.
All crypto is anonymous it is not recommended to share personal information in the crypto world.
In fact, if the government legalizes bitcoin for transactions, it will have a positive impact on bitcoin, the price will be more stable. Despite the volatile character of bitcoin. We can use the USD standard to assess it. The legality of bitcoin is not required if bitcoin is only used for investment.
Yes, now we are quite satisfied with our country because crypto regulations are now safe and will be monitored.-snip-Our country is still quite tolerant of crypto regulation, quite satisfied with what has been done.
In my country bitcoin is recognized as a commodity asset the rest if someone makes a transaction outside of fiat will be punished, it is not recommended so for future prospects we never know the opportunity for adoption will be greater like it.
Not too prohibitive the development of crypto, even in the future with the new president will develop crypto for the better.
Regulation as a commodity asset has certainly passed many considerations, in addition to the considerable crypto risks, ordinary people also cannot control their crypto use.
Opportunities for mass adoption in the future certainly exist, but these will really be tailored to the circumstances of our country.
The government must carefully consider when it wants to accept bitcoin as a legal transaction tool, because bitcoin has a very limited supply, the government is very afraid of bitcoin being used as a weapon to destroy a country's economy.
So this is why governments in rich countries that have good economies do not give permission to use Bitcoin as a legal transaction.
The government always takes the opportunity to collect taxes from our crypto transactions, which is quite a good income for the country. But do they think they want to use the legality of bitcoin as a payment method, because if it is approved, we can buy anything in our country with bitcoin. but maybe this will happen in the future, if the government allows it.Maybe the government is still studying and studying to create regulations that legalize bitcoin as a payment method. Because making regulations for the government is not easy. At least we are allowed to invest in bitcoin, which is a good thing.
They know they can't control Bitcoin or trace all the transactions being done in the blockchain because they can't filter the content of the blockchain for a specific country or trace every transaction back to every single individual like how they can do with traditional financial systems, and this is what they are afraid of in reality.
If simply not being able to control bitcoin and not being able to track transactions from bitcoin is used as a reason for not legalizing bitcoin as a payment method, that seems like a less than strong reason. Because bitcoin is already popular, there should be rules governing it for transactions.
-snip-Didn't expect more, but our country is already going better for crypto and there is no ban entirely.
I don't know how long this adoption will take but we have to follow the flow of time and never expect it to be faster it also depends on the government to decide, but so far whoever owns crypto will not be a problem because there are already regulations.
I don't know how long this adoption will take but we have to follow the flow of time and never expect it to be faster it also depends on the government to decide, but so far whoever owns crypto will not be a problem because there are already regulations.Some crypto assets are safe to own, but there are some coins that deserve to be suspected as a cover for fraud. You definitely know that there are lots of fraudsters who are involved in the world of cryptocurrency, they offer big profits in a short time for those who buy their coins, but that never happens. Because their real goal is to deceive.
One can consider bitcoin legal if they are allowed to use and trade it over there in any country let say for instance when your country uses bitcoin for trading and buying of goods and services then we can say Bitcoin is free those who are in that jurisdiction, but that doesn't mean that its yet legal in that country. Legality comes when the central authority of the national accept it as legal tender then we can say it's legal in that country but that doesn't mean it's also legal in another country, the thing is every country has their own ways of using bitcoin therefore we can't assume bitcoin is legal in every country people over there can use without their government announcing the total freedom.
-snip-Didn't expect more, but our country is already going better for crypto and there is no ban entirely.
I don't know how long this adoption will take but we have to follow the flow of time and never expect it to be faster it also depends on the government to decide, but so far whoever owns crypto will not be a problem because there are already regulations.
All regulations have been thought out and analyzed according to user needs and government benefits.
All are free to use crypto, but every platform that facilitates crypto trading will be taxed, and this is a source of income for the government.
Of course, this is fair because the flow in and out of money in crypto is quite large.
One can consider bitcoin legal if they are allowed to use and trade it over there in any country let say for instance when your country uses bitcoin for trading and buying of goods and services then we can say Bitcoin is free those who are in that jurisdiction, but that doesn't mean that its yet legal in that country. Legality comes when the central authority of the national accept it as legal tender then we can say it's legal in that country but that doesn't mean it's also legal in another country, the thing is every country has their own ways of using bitcoin therefore we can't assume bitcoin is legal in every country people over there can use without their government announcing the total freedom.
Like Smart Wallet, PI tokens and many other types, there are already too many in our country about cases like this they target ordinary people including mothers who don't know what's what, and the news is that Smart wallet is now a scam because this is clearly a ponzi scheme.I don't know how long this adoption will take but we have to follow the flow of time and never expect it to be faster it also depends on the government to decide, but so far whoever owns crypto will not be a problem because there are already regulations.Some crypto assets are safe to own, but there are some coins that deserve to be suspected as a cover for fraud. You definitely know that there are lots of fraudsters who are involved in the world of cryptocurrency, they offer big profits in a short time for those who buy their coins, but that never happens. Because their real goal is to deceive.
I would prefer crypto regulations to be tightened to eradicate fraudsters and not make things complicated for the administration when a promising project appears. I hope the government can be a protector for the community so that they don't get trapped in fraudulent investments that are still popping up in society.
The government has many considerations if it wants to legalize bitcoin as a payment method, because they must be prepared to face the consequences. but they have to understand, it will definitely happen in the future. Currently the government has legalized bitcoin as an investment, it is possible that in the future it will be legalized as a payment methodThe government is clear in determining that every rule that will be implemented is taken into account as best as possible, as is the determination of bitcoin to be accepted as a legal means of payment. I agree, by starting with accepting bitcoin even though it is not a legal medium of exchange but can be traded, it does not rule out the possibility one day it will be accepted as a legal means of payment. Where beforehand they will prepare all the regulations that may need to be prepared. But we can't avoid the fact that it will happen in time, it's just a matter of time.
To be honest, I really doubt that Bitcoin can be a legal means of payment, especially in countries that have very good economies or developed countries. What makes me doubt it is that Bitcoin's very unstable price movements will endanger any country that accepts payments using Bitcoin. Look at the supply of Very limited Bitcoin is impossible if it is used for everyone and all countries.The government has many considerations if it wants to legalize bitcoin as a payment method, because they must be prepared to face the consequences. but they have to understand, it will definitely happen in the future. Currently the government has legalized bitcoin as an investment, it is possible that in the future it will be legalized as a payment methodThe government is clear in determining that every rule that will be implemented is taken into account as best as possible, as is the determination of bitcoin to be accepted as a legal means of payment. I agree, by starting with accepting bitcoin even though it is not a legal medium of exchange but can be traded, it does not rule out the possibility one day it will be accepted as a legal means of payment. Where beforehand they will prepare all the regulations that may need to be prepared. But we can't avoid the fact that it will happen in time, it's just a matter of time.
It is natural that there are countries that do not want to accept Bitcoin as legal tender because they determine everything by considering what might happen if it is accepted as legal tender. It must be admitted that there are always problems with bitcoin which cannot be controlled, and the supply is limited, but perhaps there will always be regulations that can make this possible, but it all goes back to the country that wants to do it. It is guaranteed that they will be selective before making a decision on what to do.To be honest, I really doubt that Bitcoin can be a legal means of payment, especially in countries that have very good economies or developed countries. What makes me doubt it is that Bitcoin's very unstable price movements will endanger any country that accepts payments using Bitcoin. Look at the supply of Very limited Bitcoin is impossible if it is used for everyone and all countries.The government has many considerations if it wants to legalize bitcoin as a payment method, because they must be prepared to face the consequences. but they have to understand, it will definitely happen in the future. Currently the government has legalized bitcoin as an investment, it is possible that in the future it will be legalized as a payment methodThe government is clear in determining that every rule that will be implemented is taken into account as best as possible, as is the determination of bitcoin to be accepted as a legal means of payment. I agree, by starting with accepting bitcoin even though it is not a legal medium of exchange but can be traded, it does not rule out the possibility one day it will be accepted as a legal means of payment. Where beforehand they will prepare all the regulations that may need to be prepared. But we can't avoid the fact that it will happen in time, it's just a matter of time.
If the government is tolerant enough with crypto, it means that in the future crypto will get regulations that support it. the government should legalize crypto because it will be needed in the future. I am very happy if a country starts supporting crypto, it means that the government is willing to be invited to think forward.Crypto development continues to grow, and every country inevitably has to adapt to this situation and must be able to accept that crypto is part of inevitable progress. I think that gradually many countries will not be able to avoid accepting crypto, so that one day they will be very open to legalizing crypto.
If the government is tolerant enough with crypto, it means that in the future crypto will get regulations that support it. the government should legalize crypto because it will be needed in the future. I am very happy if a country starts supporting crypto, it means that the government is willing to be invited to think forward.Crypto development continues to grow, and every country inevitably has to adapt to this situation and must be able to accept that crypto is part of inevitable progress. I think that gradually many countries will not be able to avoid accepting crypto, so that one day they will be very open to legalizing crypto.
I agree with you, that a country that supports crypto is a government that can create the future to be more advanced.
Every government should think about the progress and future of a technology such as cryptocurrency, because in the future technology will continue to develop. Let's try to remember back when Bitcoin was first launched, there were lots of people who refused. And now many countries allow Bitcoin as an investment.Of course the government will think about that, Cryptocurrency has become the basis of the digital currency design used in several countries, unfortunately currently there is still no use of digital currency that can be integrated throughout the world and has legality that has been approved by all countries.
It depends on what Bitcoin is used for, if Bitcoin is used for money laundering, crime or drug abuse then Bitcoin will become illegal. It could also be the other way around because it's the same for crimes.
But I also believe that if Bitcoin is used for good it will become legal and accepted by society. I have seen fundraising for people who have experienced disasters by collecting funds using Bitcoin.
Bitcoin is legality differs from one country to another. In many places, just like Japan, Canada, and United States, Bitcoin is considered legal and regulated. Government treat it like regular money, with rules for its use, trade, and taxes in places.
They see it as a valid form of currency or digital asset. :)
I'm not entirely sure about this, especially in Japan. I have a cousin who lives in Japan. Though the country considered it legal to use, they don't actually use it. My cousin told me that if the locals see someone using Bitcoin, the only thing they know is that Bitcoin is being used in illegal activities. They see it as a bad thing that's why they often avoid it. The news on their television most likely features Bitcoin updates focusing only on bad people who use it in illegal activities.Bitcoin is legality differs from one country to another. In many places, just like Japan, Canada, and United States, Bitcoin is considered legal and regulated. Government treat it like regular money, with rules for its use, trade, and taxes in places.
They see it as a valid form of currency or digital asset. :)
really ? at Japan, Canada, and United States, Bitcoin is considered legal and regulated. It's a good thing, if they allowed bitcoin as payment method. Because I heard bitcoin just for investment.
In fact, bitcoin should be legalized because it is increasingly popular and widely used and invested in by many fans
In fact, now you can use Bitcoin everywhere, but you won’t be able to buy something very expensive because states in many countries have come up with laws that prohibit buying anything that has documents on you (cars, houses, etc.) for cash payment for it, having previously had Bitcoin. I could go and change it for cash and buy anything, but now they ask you for a bank transfer and proof of the legitimacy of the money you earned, in short, I’m sure that no one cares about Bitcoin. they just need taxes from us.We can use Bitcoin for investment in anywhere but it can't be a payment tool in anywhere. It is because each country may have their own regulation or laws. Some countries enable us to use Bitcoin for payment purposes. But there are still many countries that prohibit us to use it for payment purposes due to some reasons. In my country, it can't be used for payment purposes because we only have 1 payment tool (Rupiah). The solution: we convert our Bitcoin to our currency in the local exchanges. It is quite easy, there is no complicated requirements.
In fact, now you can use Bitcoin everywhere, but you won’t be able to buy something very expensive because states in many countries have come up with laws that prohibit buying anything that has documents on you (cars, houses, etc.) for cash payment for it, having previously had Bitcoin. I could go and change it for cash and buy anything, but now they ask you for a bank transfer and proof of the legitimacy of the money you earned, in short, I’m sure that no one cares about Bitcoin. they just need taxes from us.
We can use Bitcoin for investment in anywhere but it can't be a payment tool in anywhere. It is because each country may have their own regulation or laws. Some countries enable us to use Bitcoin for payment purposes. But there are still many countries that prohibit us to use it for payment purposes due to some reasons. In my country, it can't be used for payment purposes because we only have 1 payment tool (Rupiah). The solution: we convert our Bitcoin to our currency in the local exchanges. It is quite easy, there is no complicated requirements.Did you memorize what happen with tourism in Bali when converting their bitcoin to local currency and have under rest? in our country bitcoin become legal currency transaction and not allowed using bitcoin for payment transaction but government have regulation bitcoin could be investment assets or commodity assets.
Regarding the taxes, we pay taxes every time we trade coins on local exchanges. The government directly get the taxes through the local exchanges.
This how we utilize Bitcoin in my country, it can be different in your country and in other countries.
We can use Bitcoin for investment in anywhere but it can't be a payment tool in anywhere. It is because each country may have their own regulation or laws. Some countries enable us to use Bitcoin for payment purposes. But there are still many countries that prohibit us to use it for payment purposes due to some reasons. In my country, it can't be used for payment purposes because we only have 1 payment tool (Rupiah). The solution: we convert our Bitcoin to our currency in the local exchanges. It is quite easy, there is no complicated requirements.Did you memorize what happen with tourism in Bali when converting their bitcoin to local currency and have under rest? in our country bitcoin become legal currency transaction and not allowed using bitcoin for payment transaction but government have regulation bitcoin could be investment assets or commodity assets.
Regarding the taxes, we pay taxes every time we trade coins on local exchanges. The government directly get the taxes through the local exchanges.
This how we utilize Bitcoin in my country, it can be different in your country and in other countries.
Regular paid taxes every trading in local exchange and I want give more contribution helping our country trough taxes transaction, hope in the future need transparent with taxes transaction allocated for and give benefit for cryptocurrency with internet access and some exchange have been block.
It depends on what Bitcoin is used for, if Bitcoin is used for money laundering, crime or drug abuse then Bitcoin will become illegal. It could also be the other way around because it's the same for crimes.Yes, I think you're absolutely right. Bitcoin has been chastised for its potential for criminal conduct, but it has also been utilized for charitable purposes, such as those you highlighted. Some have even begun to propose that Bitcoin should be controlled in the same way that traditional currencies are, in order to be more efficiently used for lawful reasons. But I think that's ridiculous because the nature of Bitcoin is to be decentralised; if Bitcoin is managed by a central entity, it would undoubtedly lose its decentralised nature.
But I also believe that if Bitcoin is used for good it will become legal and accepted by society. I have seen fundraising for people who have experienced disasters by collecting funds using Bitcoin.
It depends on what Bitcoin is used for, if Bitcoin is used for money laundering, crime or drug abuse then Bitcoin will become illegal. It could also be the other way around because it's the same for crimes.Yes, I think you're absolutely right. Bitcoin has been chastised for its potential for criminal conduct, but it has also been utilized for charitable purposes, such as those you highlighted. Some have even begun to propose that Bitcoin should be controlled in the same way that traditional currencies are, in order to be more efficiently used for lawful reasons. But I think that's ridiculous because the nature of Bitcoin is to be decentralised; if Bitcoin is managed by a central entity, it would undoubtedly lose its decentralised nature.
But I also believe that if Bitcoin is used for good it will become legal and accepted by society. I have seen fundraising for people who have experienced disasters by collecting funds using Bitcoin.
It depends on what Bitcoin is used for, if Bitcoin is used for money laundering, crime or drug abuse then Bitcoin will become illegal. It could also be the other way around because it's the same for crimes.Almost all types of crimes related to money can be related to Bitcoin in terms of money laundering or in terms of embezzlement of money because by using Bitcoin, especially Bitcoin can generate many addresses from one wallet or pharse and its decentralized nature, it is increasingly difficult to track.
But I also believe that if Bitcoin is used for good it will become legal and accepted by society. I have seen fundraising for people who have experienced disasters by collecting funds using Bitcoin.
It depends on what Bitcoin is used for, if Bitcoin is used for money laundering, crime or drug abuse then Bitcoin will become illegal. It could also be the other way around because it's the same for crimes.The government does not agree to legalize Bitcoin considering the crimes you mentioned, moreover when the government of a country legalizes Bitcoin, it does not want to legalize considering how reasonable the relationship of Bitcoin is with the Central Bank of that country.
But I also believe that if Bitcoin is used for good it will become legal and accepted by society. I have seen fundraising for people who have experienced disasters by collecting funds using Bitcoin.
In fact, now you can use Bitcoin everywhere, but you won’t be able to buy something very expensive because states in many countries have come up with laws that prohibit buying anything that has documents on you (cars, houses, etc.) for cash payment for it, having previously had Bitcoin. I could go and change it for cash and buy anything, but now they ask you for a bank transfer and proof of the legitimacy of the money you earned, in short, I’m sure that no one cares about Bitcoin. they just need taxes from us.We can use Bitcoin for investment in anywhere but it can't be a payment tool in anywhere. It is because each country may have their own regulation or laws. Some countries enable us to use Bitcoin for payment purposes. But there are still many countries that prohibit us to use it for payment purposes due to some reasons. In my country, it can't be used for payment purposes because we only have 1 payment tool (Rupiah). The solution: we convert our Bitcoin to our currency in the local exchanges. It is quite easy, there is no complicated requirements.
Regarding the taxes, we pay taxes every time we trade coins on local exchanges. The government directly get the taxes through the local exchanges.
This how we utilize Bitcoin in my country, it can be different in your country and in other countries.
I understand you, but when we trade, we pay about 0.05% of the transaction and the states want to receive about 20%++ from us, so they don’t like that someone uses cash or bitcoin, I think that this is the usual greed with which we They don’t allow us to do this and use Bitcoin in all countries where Bitcoin can be used, we still won’t be able to buy anything expensive with it, mainly paying at a restaurant.Is the squeeze of 20% valid? This is really a very big value. With costs that large, I think many people don't want to make cash withdrawals because many will definitely consider further the very high tax costs required. The use of Bitcoin for each country has its own policies because not all sellers accept Bitcoin payments, including when you are at a restaurant, you have to exchange it for fiat currency or local currency first so that transactions run smoothly without problems.
I understand you, but when we trade, we pay about 0.05% of the transaction and the states want to receive about 20%++ from us, so they don’t like that someone uses cash or bitcoin, I think that this is the usual greed with which we They don’t allow us to do this and use Bitcoin in all countries where Bitcoin can be used, we still won’t be able to buy anything expensive with it, mainly paying at a restaurant.Is the squeeze of 20% valid? This is really a very big value. With costs that large, I think many people don't want to make cash withdrawals because many will definitely consider further the very high tax costs required. The use of Bitcoin for each country has its own policies because not all sellers accept Bitcoin payments, including when you are at a restaurant, you have to exchange it for fiat currency or local currency first so that transactions run smoothly without problems.
I understand you, but when we trade, we pay about 0.05% of the transaction and the states want to receive about 20%++ from us, so they don’t like that someone uses cash or bitcoin, I think that this is the usual greed with which we They don’t allow us to do this and use Bitcoin in all countries where Bitcoin can be used, we still won’t be able to buy anything expensive with it, mainly paying at a restaurant.Is the squeeze of 20% valid? This is really a very big value. With costs that large, I think many people don't want to make cash withdrawals because many will definitely consider further the very high tax costs required. The use of Bitcoin for each country has its own policies because not all sellers accept Bitcoin payments, including when you are at a restaurant, you have to exchange it for fiat currency or local currency first so that transactions run smoothly without problems.
Yes, this is a problem and therefore cryptocurrencies will not be able to develop as much, or as quickly as they should, we still use exchangers and legalize money as needed, and naturally everyone who knows and uses cryptocurrency understands what taxes are and does not want to pay them.That's right, Cryptocurrency is very difficult to use as payment in various places like what you are experiencing. Do you see the price of USDT which has a stable movement, it looks like there is potential to be used on all platforms throughout the world, USDT circulation is also very large so in my opinion USDT should could be an alternative payment using cryptocurrency technology.
Yes, this is a problem and therefore cryptocurrencies will not be able to develop as much, or as quickly as they should, we still use exchangers and legalize money as needed, and naturally everyone who knows and uses cryptocurrency understands what taxes are and does not want to pay them.That's right, Cryptocurrency is very difficult to use as payment in various places like what you are experiencing. Do you see the price of USDT which has a stable movement, it looks like there is potential to be used on all platforms throughout the world, USDT circulation is also very large so in my opinion USDT should could be an alternative payment using cryptocurrency technology.
Yes, this is a problem and therefore cryptocurrencies will not be able to develop as much, or as quickly as they should, we still use exchangers and legalize money as needed, and naturally everyone who knows and uses cryptocurrency understands what taxes are and does not want to pay them.That's right, Cryptocurrency is very difficult to use as payment in various places like what you are experiencing. Do you see the price of USDT which has a stable movement, it looks like there is potential to be used on all platforms throughout the world, USDT circulation is also very large so in my opinion USDT should could be an alternative payment using cryptocurrency technology.
It must be acknowledged that, like it or not, every government has to think about that, because technological developments cannot be avoided by anyone, otherwise they will be left alone because they cannot adapt to the circumstances.Every government should think about the progress and future of a technology such as cryptocurrency, because in the future technology will continue to develop. Let's try to remember back when Bitcoin was first launched, there were lots of people who refused. And now many countries allow Bitcoin as an investment.If the government is tolerant enough with crypto, it means that in the future crypto will get regulations that support it. the government should legalize crypto because it will be needed in the future. I am very happy if a country starts supporting crypto, it means that the government is willing to be invited to think forward.Crypto development continues to grow, and every country inevitably has to adapt to this situation and must be able to accept that crypto is part of inevitable progress. I think that gradually many countries will not be able to avoid accepting crypto, so that one day they will be very open to legalizing crypto.
I agree with you, that a country that supports crypto is a government that can create the future to be more advanced.
It must be acknowledged that, like it or not, every government has to think about that, because technological developments cannot be avoided by anyone, otherwise they will be left alone because they cannot adapt to the circumstances.So far only 2 countries accept Bitcoin payments. Everyone is afraid of Bitcoin because price movements are very volatile so many governments have taken policies not to accept payments or transactions using Bitcoin. It feels like Bitcoin will never be accepted in many countries because the available supply is also an important influence.
It's true, if we look back to when Bitcoin first started to grow, many were skeptical about the developments taking place with Bitcoin, but as time went by, Bitcoin has begun to be accepted by many countries, and has become a very popular alternative investment today.
There is still a problem if crypto is forced to be used as legal payment in various places, because of its rapid nature of change. I agree with you that perhaps USDT will be more feasible and can be used because of the stability it has, so that it can be used as a transaction tool that can support everything we do. There will not be a very significant difference with any transactions that will occur later. With sufficient availability and still using crypto-technology, of course. Of it can be accommodated in the future. We just have to wait for that.Yes, this is a problem and therefore cryptocurrencies will not be able to develop as much, or as quickly as they should, we still use exchangers and legalize money as needed, and naturally everyone who knows and uses cryptocurrency understands what taxes are and does not want to pay them.That's right, Cryptocurrency is very difficult to use as payment in various places like what you are experiencing. Do you see the price of USDT which has a stable movement, it looks like there is potential to be used on all platforms throughout the world, USDT circulation is also very large so in my opinion USDT should could be an alternative payment using cryptocurrency technology.
Very fast movements will certainly affect every payment that is not appropriate, and no one wants to suffer a loss from every transaction they make. If it goes up, they will certainly benefit. What if Then it goes down? Then the losses clearly haunt everyone who wants to accept the transaction. You are right in saying that the supply is also very limited and, of course, this is not ideal for use. A decent one is something like USDT which is always stable, and the supply is also very large.It must be acknowledged that, like it or not, every government has to think about that, because technological developments cannot be avoided by anyone, otherwise they will be left alone because they cannot adapt to the circumstances.So far only 2 countries accept Bitcoin payments. Everyone is afraid of Bitcoin because price movements are very volatile so many governments have taken policies not to accept payments or transactions using Bitcoin. It feels like Bitcoin will never be accepted in many countries because the available supply is also an important influence.
It's true, if we look back to when Bitcoin first started to grow, many were skeptical about the developments taking place with Bitcoin, but as time went by, Bitcoin has begun to be accepted by many countries, and has become a very popular alternative investment today.
Very fast movements will certainly affect every payment that is not appropriate, and no one wants to suffer a loss from every transaction they make. If it goes up, they will certainly benefit. What if Then it goes down? Then the losses clearly haunt everyone who wants to accept the transaction. You are right in saying that the supply is also very limited and, of course, this is not ideal for use. A decent one is something like USDT which is always stable, and the supply is also very large.
So far only 2 countries accept Bitcoin payments. Everyone is afraid of Bitcoin because price movements are very volatile so many governments have taken policies not to accept payments or transactions using Bitcoin. It feels like Bitcoin will never be accepted in many countries because the available supply is also an important influence.
Very fast movements will certainly affect every payment that is not appropriate, and no one wants to suffer a loss from every transaction they make. If it goes up, they will certainly benefit. What if Then it goes down? Then the losses clearly haunt everyone who wants to accept the transaction. You are right in saying that the supply is also very limited and, of course, this is not ideal for use. A decent one is something like USDT which is always stable, and the supply is also very large.Unfortunately, if Bitcoin is used as a transaction, the sending process will take a very long time, so we have to continue using USDT, but we also need to pay attention that the USDT network used must be BSC or a network that has high transaction speeds and fairly cheap transaction fees. So that in this way the transaction does not harm both parties.
Bitcoin has a huge number of transactions per second and block confirmations take slightly longer than other chains. But you can do more safe transactions than other chels like Bsc, Tron, it is better to use Bitcoin through Bitcoin. If you want to do some small transactions, you can choose alternative coins and alternative chains to save transaction fees, such as TRON, BSC, these chains can save both your transaction fees and time. USDT is a stablecoin that carries a dollar value so it cannot be compared to BitcoinVery fast movements will certainly affect every payment that is not appropriate, and no one wants to suffer a loss from every transaction they make. If it goes up, they will certainly benefit. What if Then it goes down? Then the losses clearly haunt everyone who wants to accept the transaction. You are right in saying that the supply is also very limited and, of course, this is not ideal for use. A decent one is something like USDT which is always stable, and the supply is also very large.Unfortunately, if Bitcoin is used as a transaction, the sending process will take a very long time, so we have to continue using USDT, but we also need to pay attention that the USDT network used must be BSC or a network that has high transaction speeds and fairly cheap transaction fees. So that in this way the transaction does not harm both parties.
I more often use the Tron and BSC networks for transactions because the fees are cheaper. Maybe if I were a whale with large enough funds for investment and trading, I would use bitcoin because it is safer, or ethereum too. because gas fees are not a big problem for whales, because the profits are bigger.
Bitcoin has a huge number of transactions per second and block confirmations take slightly longer than other chains. But you can do more safe transactions than other chels like Bsc, Tron, it is better to use Bitcoin through Bitcoin. If you want to do some small transactions, you can choose alternative coins and alternative chains to save transaction fees, such as TRON, BSC, these chains can save both your transaction fees and time. USDT is a stablecoin that carries a dollar value so it cannot be compared to Bitcoin
I more often use the Tron and BSC networks for transactions because the fees are cheaper. Maybe if I were a whale with large enough funds for investment and trading, I would use bitcoin because it is safer, or ethereum too. because gas fees are not a big problem for whales, because the profits are bigger.It's true, currently these two networks do have quite cheap transaction fees, but you can use the Solana network which has cheaper fees than the two networks you often use. With fairly cheap fees and high enough speeds, Solana is starting to be widely used. people to carry out trading and transactions in large amounts there.
Solana has become part of the priority network to replace ethereum which has high gas fees, currently many people have switched to BSC and Solana. I think Solana will become more popular in the next few years and will probably compete with ethereum in second place. Let's see, will that happen?I more often use the Tron and BSC networks for transactions because the fees are cheaper. Maybe if I were a whale with large enough funds for investment and trading, I would use bitcoin because it is safer, or ethereum too. because gas fees are not a big problem for whales, because the profits are bigger.It's true, currently these two networks do have quite cheap transaction fees, but you can use the Solana network which has cheaper fees than the two networks you often use. With fairly cheap fees and high enough speeds, Solana is starting to be widely used. people to carry out trading and transactions in large amounts there.
Solana is currently not a priority because so far there are not many tokens created using the Solana network listed on exchanges so I can't say that Solana is a priority. Currently there is also a new network called Base and it has quite low fees which might be a serious threat to Solana.Solana has become part of the priority network to replace ethereum which has high gas fees, currently many people have switched to BSC and Solana. I think Solana will become more popular in the next few years and will probably compete with ethereum in second place. Let's see, will that happen?I more often use the Tron and BSC networks for transactions because the fees are cheaper. Maybe if I were a whale with large enough funds for investment and trading, I would use bitcoin because it is safer, or ethereum too. because gas fees are not a big problem for whales, because the profits are bigger.It's true, currently these two networks do have quite cheap transaction fees, but you can use the Solana network which has cheaper fees than the two networks you often use. With fairly cheap fees and high enough speeds, Solana is starting to be widely used. people to carry out trading and transactions in large amounts there.
Solana is currently not a priority because so far there are not many tokens created using the Solana network listed on exchanges so I can't say that Solana is a priority. Currently there is also a new network called Base and it has quite low fees which might be a serious threat to Solana.Solana has become part of the priority network to replace ethereum which has high gas fees, currently many people have switched to BSC and Solana. I think Solana will become more popular in the next few years and will probably compete with ethereum in second place. Let's see, will that happen?I more often use the Tron and BSC networks for transactions because the fees are cheaper. Maybe if I were a whale with large enough funds for investment and trading, I would use bitcoin because it is safer, or ethereum too. because gas fees are not a big problem for whales, because the profits are bigger.It's true, currently these two networks do have quite cheap transaction fees, but you can use the Solana network which has cheaper fees than the two networks you often use. With fairly cheap fees and high enough speeds, Solana is starting to be widely used. people to carry out trading and transactions in large amounts there.
So far only 2 countries accept Bitcoin payments. Everyone is afraid of Bitcoin because price movements are very volatile so many governments have taken policies not to accept payments or transactions using Bitcoin. It feels like Bitcoin will never be accepted in many countries because the available supply is also an important influence.
Bitcoin is very popular bow a days. People involving and using Bitcoin frequently. But most of country till now consider bitcoin as illegal currency. Even i am a Bangladeshi in our country Bitcoin is illegal. But we know many country’s are given legality. Like Al Salvador.
And i think every country will know it’s importance and gradually it will be legal in every country.
Bitcoin is very popular bow a days. People involving and using Bitcoin frequently. But most of country till now consider bitcoin as illegal currency. Even i am a Bangladeshi in our country Bitcoin is illegal. But we know many country’s are given legality. Like Al Salvador.All countries still not make bitcoin as legal currency transaction, the same with my country Indonesia bitcoin still as illegal for payment transaction but government have regulation for bitcoin become commodity assets and we are paying taxes for every transaction of cryptocurrency in local exchange.
And i think every country will know it’s importance and gradually it will be legal in every country.