Post
Topic
Board Bitcoin Discussion
Re: What is the legal status of Bitcoin in your country?
by
Koro-Sensei
on 16/08/2021, 15:52:27 UTC
Some countries banned crypto assets totally, some banned mining, some allows even paying taxes with it and some doesn't allow purchasing goods using crypto assets.

The Republic of Turkey has a strict ban against using crypto assets as a way of payment or developing technological infrastructure for such use case. However, it is perfectly legal for individuals and businesses to buy/sell/mine/trade the crypto assets.

What is the situation in other countries that you know of? And do you think the world will start accepting it or will regulate and see it only as a "store of value" and not a currency?
Luckily, it was regulated. Specially the exchanges and luckily our government wasn't aggressive toward Cryptocurrency. I don't think that they know its full potential but im happy to say that my country makes Cryptocurrency legal. The problem is the max cash out by major exchange which is only a $100K a year not quite big but still tolerable. Other than that, there's no problem. I hope in your countries too guys.