Post
Topic
Board Legal
Re: Not Yet Legal But Not Banned
by
basyang
on 22/10/2018, 21:30:48 UTC
Many countries seem to have a hard time defining and regulating Bitcoin. The current legal framework is not enough to deal with cryptocurrency revolution, thus most countries still have not considered Bitcoin to be an additional legal tender just like the function of their central bank issued fiat money.

However, the Bitcoin revolution is fast reaching the nooks and crannies of many countries all over the world, what with the use of the modern gadgets and the internet. Sooner or later, financial authorities have to come up with the necessary framework with which cryptocurrency can work with.

For now, let us just enjoy the "not yet legal but not banned" status which can anyway fine with me so I can still avoid paying taxes. 

Indeed. I am agree with you, Let's enjoy the not yet legal but not banned status in some countries. For sure Government having a hard time to think and to research about crypto. If bitcoin will be legal it will have a taxes because it is entering in the legalization of one country and many process will going through. However, until we are free to used it legal or not lets enjoy it because many things happened in the future.