Quote from: aloha99 on February 14, 2018, 07:15:55 PM

Bitcoin itself can't e legalized because there is no means to stop blockchain transactions. However, they can legalize bitcoin exchange to FIAT and vis versa

In Japan bitcoin is considered a legal method of payment, so, do your homework before posting stupid things.
Can you stop cash transactions? Then all governments should ban cash money by your logic.

Quote from: donalfonso on February 14, 2018, 07:08:12 PM

So I have been wondering what if a Government somewhere in the world wants to legalize bitcoin or any other crypto for that matter. How would it work.

First of all the government will be trying to legalize a means of exchange that it neither controls the demand, supply and creation. It can't even be used as a means of effecting economic change like other currencies can be used by controlling money supply and interest rates.
And if we are equating bitcoin to the possession of assets like gold or diamond. They cant even control bitcoin mining, like they issue licenses to mine gold or diamond
So is bitcoin being a legal tender even possible and how would it work.

As I said above, it is possible and has been adopted in at least one G7 country.

Why do they have to control anything like mining or supply?
The government is not involved in any of this and people are free to use or not use it as they like just like gold, trading cards, stocks, antiquities, why would there be a need to control the flow of everything. As long as taxes are paid even if you pay in BTC nobody gives a damn, or at least nobody should.