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.
Some other country's declared bitcoin as legal tender in their country's like japan is the first country that accept bitcoin as legal tender interms of all business transaction.This country's are very progressive because their governtment is not involved in corruption. If all country's are like this maybe bitcoin is not hard for them to welcome in their country's and many people around the globe will gain this binifits of this creation the bitcoin.
Yes its a good idea for me. Our country should legalized it because i didnt see something bad or illegal in bitcoin theyre just not know the features and the ability of bitcoin theyre not believing that bitcoin can give you big income in just a short period of time. Some countries banning bitcoin because maybe they dont want because they didnt know. And it is decentralized meaning no one managing it. So theyre not believing on it. Theyre thinking that its just a scam.