Post
Topic
Board Altcoin Discussion
Re: Why Bitcoin is not regulated in some countries?
by
Karmakid
on 03/08/2017, 07:01:32 UTC
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?

I'm not quite sure why, but I think it all depends on the establishments or maybe the government if they will allow transactions through crypto currencies. In my country, only few establishment honor BTC as payment. Maybe government also has something to do with it. Maybe your government doesn't want to honor it because they don't have full control over it.