So in the most countries, bitcoin is neither declared legal or illegal. In some it is declared illegal and some are actually allowing it and also promoting their own alts.
So what would a government needs to do to regulate bitcoin in the country? And how can a government actually benefit from legalizing bitcoin in the country? How can it actually support the economic system of the country.
We can consider bitcoin as a ligal thing because it is used now in many ligal transaction and it is used as a currency. But on the other side bitcoin is illigal because it is too expensive that it may possibly cover the country whose not have a high currency price. It is consider as a scam because it can get more money when your country has a low currency. It can also promote economic growth when bitcoin is ligalized because it can creates more funds and even investments. It also reduces unemployment so that it can help a country and its people that bitcoin can be able to used in any transaction because it is not limmited it is a intire universal currency.