Some says, Bitcoin is legal and few says it's not. May I know the reason why it is not legal to use Bitcoin in some countries, for example, in my country, we are not allowed to use Bitcoin to purchase any items or goods. Why they can't legalize it? What was the reason behind it?
Bitcoin as its nature can't be regulated. So, it has a serious disadvantage to the government, it evades custom and tax.
Bitcoin is also said to be illegal in my country. But with the lack of any rules regarding the use of bitcoin. We can see many hotels and shops hanging Bitcoin accepted here signs.