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RE: Mapping Bitcoin's Legality Around The World

in #bitcoin8 years ago

There are currently 99 (40%) countries that have unrestricted Bitcoin laws, out of 246 total. Nearly seventeen countries, or 7% of the world, has either restricted or illegalized Bitcoin. Interestingly enough, 53% of the world has yet to comment on Bitcoin and the legality of its use within their countries. This is a risk for Bitcoin, as some of these undecided countries could eventually decide to place restrictions on cryptocurrencies.

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That is true @sniper08.

But if even one of those countries (which it will be more) keeps it legal, isnt the regulation of everyone else negated. The miners and exchanges can all assemble in that one country to carry on operations.

That is the challenge, the world governments will never agree....that leaves the door open for people to exploit.

the world is already based on colonial system.would it be bad to change this system?@taskmaster4450

Yeah bro,in my country bitcoin exchange is now against law due to unrestricted.

countries can come together and make a joint decision.

Yeah that would be perfect.