Post
Topic
Board Bitcoin Discussion
Re: Despite the growth of bitcoin why haven't it been legalized by many nations?
by
Patikno
on 17/08/2025, 14:28:50 UTC
Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?
It is all about the government, and the cause is usually a lack of knowledge about current developments (especially technology), or a reluctance to learn or embrace technology (technophobia). For example, I feel that the government in my country is filled with people who are not very tech-savvy, and even Bitcoin in Indonesia has faced obstacles from the government. I learned this based on the story of the creator of the first crypto exchange in Indonesia, once he was visited by the government about his company and asked to explain it, including what Bitcoin is. Fortunately, Bitcoin was eventually accepted in Indonesia, even though it is considered a tradable crypto asset and not a medium of exchange or a legal tender. So, I think that is one reason why Bitcoin is difficult to fully accept in one country, and perhaps this is also the case in other countries.

However, I believe it is only a matter of time; time will tell. Just like other technological revolutions, such as the car when it was first created, I am sure it faced many challenges, and eventually became global, so I am confident Bitcoin will also be like that.


According to this map from Wikipedia, Bitcoin is legal in most countries in the world.


https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory

I havent actually counted, but as far as I can tell there are only a handful of countries where Bitcoin is prohibited (either completely or only partially).
Well, I think the OP needs to realize that from the image above, it can be said that Bitcoin is starting to be accepted worldwide, but its acceptance is still limited. So, as I said, Bitcoin will eventually be fully accepted worldwide, and again, it is only a matter of time.