Hello, in August 2013, Germany was the first country in the world to recognize the legal status of Bitcoin. Germany announced that it would recognize the legal status of Bitcoin and has been included in the national regulatory system. In June 2014, Japan's ruling party Liberal Democratic Party stated that it would define Bitcoin as an asset.
Why Western countries recognize the existence of Bitcoin?
After a violent debate, the congressman gave up the clause banning Bitcoin and mining for three years, restricting it to expanded new projects and existing businesses, and prohibiting the issuance of licenses for mines powered by carbon-based fuels. However, the Texas House of Representatives unanimously passed a "virtual currency bill" that recognizes the legal status of virtual currency .
ban reason 1: The trading platform's fragility Bitcoin network is very strong, but the Bitcoin trading platform is very fragile Trading platform is usually a website, and the website will be hacked or closed by the competent authorities. 2: The transaction confirmation time is long, and when the Bitcoin wallet is first installed and downloaded, the transaction data will consume a lot of time.
Legal analysis does not recognize that Bitcoin does not have monetary attributes, is not a real currency, but a specific virtual commodity, and does not have the same legal status as currency. The state prohibits financial institutions from providing Bitcoin trading services. Legal basis Notice on Preventing Bitcoin Risks , and correctly understand the attribute ratio of Bitcoin.
International students still recognize Bitcoin very much. In their lives, there are still many people who are optimistic about the development of Bitcoin, such as the Internet virtual currency. They will buy a lot of Bitcoin to make money. Now is an era of very developed Internet. Our lives are always in touch with the Internet, so many times we need to conduct online transactions.
Why should the United States admit that Bitcoin is a legal financial instrument? The purpose is to include Bitcoin in the financial regulatory system to protect the interests of ordinary investors. This is the same starting point as our central bank announcement of banning Bitcoin. A typical representative case is, one is called Tranton? Shevos's people founded "Bitcoin Storage and .
Digital Gold Rush opened a deep debate about the future, but the behind-the-scenes driver of all this who is one of the biggest mysteries in the virtual currency world, is the so-called Bitcoin founder Satoshi Nakamoto ? Who is the behind-the-scenes driver of this pseudonym? In an era of information flooding and lacking privacy, we almost know nothing about the origin of Bitcoin.
is a blockchain algorithm, and there are many similar algorithms, why is unique Bitcoin "worthy" ? Because it was put into a casino run by big dealers, whether it is worth the money is ultimately dealers have the final say. Such a thing that is controlled and has no practical use, no sovereign state will recognize it.
Why do Western countries recognize Bitcoin?
1. Since the birth of Bitcoin, countries that recognize Bitcoin have Germany, Japan, Canada, Malta, Estonia, Switzerland, Belarus, Australia, etc. have been contended by various countries It is suggested that some countries believe that their decentralization characteristics make digital currency more concealed, and using this to trade is safe and reliable.
2. Many major countries represented by my country do not recognize the monetary attributes of Bitcoin in law, but several countries in the world are gradually trying to accept the legalization of Bitcoin. That is, a very small number of countries represented by the United States in the West. Why does the United States support Bitcoin? Some netizens say that Musk is supporting de-dollar centralization.
3. I will give you a standard answer, why can Bitcoin be spent as money? Answer: The Payment Service Amendment Act officially signed by the Japanese Cabinet officially recognizes that Bitcoin is a legal payment method. The bill came into effect on April 1, 2017. This is the first country in the world to recognize Bitcoin as a legal payment method.
4. According to the notice on preventing Bitcoin risks, Bitcoin is a "specific virtual commodity". Bitcoin, as the virtual property of , has commodity attributes. In law, some countries are legal, but Bitcoin cannot be circulated in the market as currency, and the CMC market platform and other trading platforms are not recognized by my country's laws.
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