Hello there... I am from India, and Bitcoin is still in the grey area here. It is not legal, but it has not been declared illegal either. But the government has explicitly stated that Bitcoin is not recognized as a legal currency here.
The government is still working on deciding a framework for it, but we have absolutely no idea about what its verdict will be. So, people here are trading in Bitcoin for short-term gains. Make hay while the sun shines!
How are your governments reacting to Bitcoin and what's its position in your country?
In the past few months, our country's government has suddenly announced that it will strictly regulate cryptocurrencies such as bitcoin. All of the domestic encrypted currency exchanges were shut down, which was a bad news for investors, and the entire encryption market crashed.