Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: hsyncl on October 21, 2018, 08:48:18 PM
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Bitcoin and crypto point of view on the world is slowly emerging. Do you think there would be a legal regulation in the near future, especially in strong countries? The US is locked to the ETF markets. Are there similar news in other countries?
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As the market capitalization of the cryptocurrency market shoots up, through price movements and a surge in new tokens, regulators around the world are stepping up the debate on oversight into the use and trading of digital assets.This affects all cryptocurrencies, but especially bitcoin, given its market leadership and integration into the global startup ecosystem.Very few countries have gone as far as to declare bitcoin illegal. That does not, however, mean that bitcoin is "legal tender" – so far, only Japan has gone as far as to give bitcoin that designation. However, just because something isn't legal tender, does not mean that it cannot be used for payment – it just means that there are no protections for either the consumer or the merchant, and that its use as payment is completely discretionary.