Post
Topic
Board Altcoin Discussion
Re: Why Bitcoin is not regulated in some countries?
by
Wintersoldier
on 03/08/2017, 16:54:23 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?
You need to have rules and regulations to use something as a currency and if your country does not allow it,there is nothing you could do and from what i understand only a few countries ban bitcoin and it is simply because of ignorance and nothing else,it is a new technology and down the line in coming years they might legalize it.
Countries support is very vital in the development and the wide spread of Bitcoin because if a specific country will not support Bitcoin and it is not open on accepting it as a currecny it may be a failed on having regulated on  transaction. So the best thing to consider is to continue to support it as it to have development for other countries to see the future out of Bitcoin and in the future they will going to be open on accepting Bitcoin.