At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.
Perhaps with such rapid growth and popularity and by seeing the enormous potential of bitcoin.
it attracts the attention of governments to give statements about the legality of bitcoin.
Although currently not many countries are adopting bitcoin and declare about its legality but it is proven that bitcoin can be a good innovator for the development of digital currency.
And with bitcoin declaration as the official payment instrument, it is necessary to revise finance law on bitcoin services for countries that have declared their Legality.