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[SCAMEXPOSER]

These are few countries the use of bitcoin and other crypto currency are legally accepted for both domestic and international transactions.
The countries include;
USA, Japan, Philippines, Belarus, Vietnam, Canada, France and Germany. Etc.

 

[Balint098]

Countries that want to legalize bitcoin or any other crypto must first build sufficient infrastructure to support the usage of crypto, one example is build more btc atm in major cities.

 

[SCAMEXPOSER]

Countries that want to legalize bitcoin or any other crypto must first build sufficient infrastructure to support the usage of crypto, one example is build more btc atm in major cities.

That's a gradual process,once it is accepted it won't be difficult to build the ATM machines, they just need to work on their forces to tackle inflation whenever there is drop in the price of cryptos.

 

[Balint098]

I don't think it will happen anytime soon, a lot of countries are still go against bitcoin and other crypto, maybe a decade later they will finally accept crypto.

 

[SCAMEXPOSER]

I don't think it will happen anytime soon, a lot of countries are still go against bitcoin and other crypto, maybe a decade later they will finally accept crypto.

We hope so, though the good thing is that they don't get strict with it at the moment so that the transactions are still on going smoothly though formal acceptance is very key cos it may be difficult to prosecute someone on bitcoin fraud if the country didn't legalize it.

 

[Balint098]

We hope so, though the good thing is that they don't get strict with it at the moment so that the transactions are still on going smoothly though formal acceptance is very key cos it may be difficult to prosecute someone on bitcoin fraud if the country didn't legalize it.

Nah, high court can still prosecute you if you commit bitcoin fraud regardless of whether or not a country accepts it, crime is still a crime and it needs to be dealt with.

 

[SCAMEXPOSER]

Nah, high court can still prosecute you if you commit bitcoin fraud regardless of whether or not a country accepts it, crime is still a crime and it needs to be dealt with.

Well you may be right and it will be good if they do though I haven't witness any of such prosecutio in my country since the inception of bitcoin and other coins.

 

[Balint098]

Smart cyber criminals will use mixer or any other methods to obscure and hide their digital footprints so that not even FBI can trace their transaction.

 

[SCAMEXPOSER]

Smart cyber criminals will use mixer or any other methods to obscure and hide their digital footprints so that not even FBI can trace their transaction.

The FBI must be aware of different tactics they possibly can use to shield their identity so they can always outsmart them. If government institution is determined to execute honestly they will.

 

[brent_abella]

These are few countries the use of bitcoin and other crypto currency are legally accepted for both domestic and international transactions.
The countries include;
USA, Japan, Philippines, Belarus, Vietnam, Canada, France and Germany. Etc.

Glad to know this lists of countries as I belong to one of these which is the Philippines. Bitcoin only regulates online as an additional payment here. I still do not see offline ATM machines for Bitcoin and still not adapted by all Banks here.

 

[SCAMEXPOSER]

Glad to know this lists of countries as I belong to one of these which is the Philippines. Bitcoin only regulates online as an additional payment here. I still do not see offline ATM machines for Bitcoin and still not adapted by all Banks here.

The bitcoin Atm will surely come soon. I guess you guys in Philippines can easily link your bank account to bitcoin and other coins wallet right?

 

[Balint098]

I am also a Nigerian and the government have not legalize bitcoin, from the countries listed it show that very many countries are yet to accept it, the number of countries in the world should be about 173 if I guess correctly.

195 countries in fact. Bitcoin facing tough resistance from policymakers all round the world is nothing new. The older you gets, the harder it will be for you to embrace new tech.

 

[Balint098]

Wow!!! A bigger fight ahead for bitcoin with more countries to conquer but I believe if the influential countries key in other countries will follow. I love bitcoin and it activities.

Not really, big and advanced countries like US and Italy failed to take early measures to contain the virus. As you can see on the news, currently US has the biggest amount of infections and deaths in the world.

 

[Coolvibez]

In my own country bitcoin is not yet legalized most of the government officials still see binary and crypto as scam, but most people still use it for transaction , its left for the government to finally legalise its use .and also create bitcoin ATM's

 

[Balint098]

also create bitcoin ATM

I think it's possible for individuals or organization to set up a bitcoin ATM even without government's permission. In India that once happened.

 

[salvi]

I think the best legal cryptocurrency country is Russia and China. Right now every country people are using whether legal or not as good ways to exchange money without waiting.

 

[Balint098]

Well, the biggest supporter and the country in which there's a huge amount of bitcoin ATM (the only country with more than 1,000 crypto atms) is America.

 

[Coolvibez]

I think it's possible for individuals or organization to set up a bitcoin ATM even without government's permission. In India that once happened.

I guess it would be a good idea ,if they could do so just like the way ,banks and other private organization set up atm around places . Private organization could also do so as they will make money , when people get to use the ATM for transaction and charge some fees for using it.

 

[Balint098]

I did not see any Africa country on the list. Using Cryptocurrency as a means of transportation is the least of our worries at the moment.

Not sure about the legal status of bitcoin and crypto in Africa but in countries such as Ghana, Uganda, Botswana, Djibouti, Kenya, Nigeria and Zimbabwe, there's at least one bitcoin ATM people can use.

 

[Balint098]

I have never heard of bitcoin ATM, this is my first time of hearing this, I will check if there is such ATM around where I live.

There's one in Lagos, Nigeria. You are gonna need a hardware wallet (kinda expensive) to use Bitcoin ATM I think. And there are many types of Bitcoin ATMs, with different setting so better learn those first.

 

[Wisdom01]

Most countries have frowned at its operation ,while some are seeing its importance and utilizing it , but do you think bitcoin can reduce unemployment rate?