Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Legality effect
by
sapnu
on 02/11/2019, 14:05:51 UTC
my mind always asks, if one day bitcoin gets legal regulation, and is recognized all over the world. ...
But why would you rely on regulations so much? Why it's so important for you, that some political body will give you special permission to use bitcoin? You and everybody else, can use it, even when stupid politician says otherwise..  

~snip~

Exactly that's the point. Bitcoin was made to give freedom to public, if we rely on government authorities than the purpose of bitcoin will no longer exists.
Regulation may be encourage global adoption but it will take away the financial freedom for which bitcoin was designed.
Moreover a single currency for the whole world seems unrealistic and will not going to happen.
The legalization of bitcoin in every country has a big effect on the market itself. Since it is the most used cryptocurrency. It has a big impact because if it is being legalize in some countries that been banned, more investors will come and it has a great impact on the price itself. Making more money because the more investors the more people will buy bitcoin and a great possibility that they will support any other project that are coming since they are using bitcoin as their support but they can also earn while supporting other project. Just like in china if they are going to legalize bitcoin, we all kmow that china is a big country. People that want to invest in crypt but they are regulated before. It is a great help to the cryptocurrency community.