Quote from: Irvinn on January 28, 2019, 05:20:27 AM

Quote from: BennyK on January 28, 2019, 02:03:06 AM

The legal status of Bitcoin and cryptocurrency depends on the country been discussed. The government of any country has its perception about Bitcoin and for those who understand the concept of Bitcoin accepts it as legal. Countries like South Korea, Indonesia, Canada, Australia have declared Bitcoin as legal. Other countries are neutral about the operations of cryptocurrencies. It is good to study the legal status of Bitcoin in your country.

Now there are more countries that have recognized the validity of circulation of cryptocurrency on its territory, than those that have banned its circulation. The countries of the European Union, and these are 28 states, have a very positive attitude towards cryptocurrency. So far there are about a dozen states that explicitly banned the circulation of cryptocurrency. The rest of them either legalized her circulation, are going to do it, or are still thinking about it. Financial relations are the most conservative, they do not like hasty actions. Therefore, we need more time to cryptocurrency gradually introduced into our lives.

There are some other countries than allowed bitcoin to operate but is not already ligalize, example philippines, japan, etc. but sooner or later it become legal and used it for our own goods.