First and foremost, the Philippines and Japan legalized Bitcoin as well as its companies on their territory. The Indian government has stated that it is possible that a legal framework for Bitcoin will be implemented as early as May. Some Japanese retail giants, such as Bic Camera, Going to Japan's technology as well as the consumer market, began accepting Bitcoin payments at its agents.

The biggest regulatory impact on Bitcoin 2017 is attributed to problems with the current size of the Bitcoin network. The size of the block is constantly creating congestion, the fees are increasing drastically but the time to confirm the transaction is long.

If these scale barriers are resolved this year, initiatives such as SegWit Bitcoin Core, the expansion of Andrew Lee's Block or any other potential solution, Bitcoin prices are likely to increase. Exponential in the medium and long term.