Content adapted from this Zerohedge.com article : Source
by Tyler Durden
Bitcoin slid below $10,000 Tuesday for the first time in months as lingering fears that regulators in some of the cryptocurrency's biggest and most vital markets were considering a crackdown.
Overnight reports from South Korea started it; European regulator comments extended it this morning and Shanghai "scrutiny" headlines just sparked another slam as cryptocurrencies are getting hammered today... 
Given that fears that regulators might turn decisively against the cryptocurrency revolution have continued to plague valuations in the new year, it seems appropriate that HowMuch.net decided to create this** interactive map showing the various levels of legality that bitcoin enjoys around the world.** 
Green countries are legal Bitcoin markets. Orange represents neutral markets that are not outright legalizing Bitcoin, but do not have any major restrictions against the use of cryptocurrency. Light pink countries are restricted Bitcoin markets that may have lots of red-tape, regulations, and government attempts to slow the use of cryptocurrencies. Dark pink countries represent markets where Bitcoin has been made completely illegal and criminalized. Lastly, some countries have yet to comment on Bitcoin's legality, which are represented by gray color.
Eastern countries appear a lot more closed off to Bitcoin than their Western counterparts. Russia is currently the largest country where bitcoin trading is illegal, though lawmakers are working on legislation to set up a legal framework for cryptocurrency trading.
Meanwhile, China and South Korea are the latest two countries to step up their scrutiny and regulation of Bitcoin use.
Here is a breakdown of the chart, based on the global legality of Bitcoin out of 246 countries:
Legal and Neutral (Green and Orange): 99 Countries or 40% of World
Restricted (Light Pink): 7 Countries or 3% of World
Illegal (Dark Pink): 10 Countries or 4% of World
No Information (Gray): 130 Countries or 53% of World
Overall, a majority of the world still has yet to comment on the legality of Bitcoin. The emerging industry is still not fully understood by global regulators, which may explain why some countries have yet to comment on the movement. Though this will likely change as time passes and regulators grow increasingly worried about cryptocurrencies being used by criminal organizations.
@zer0hedge...yeah bro present across the world every where legality problem comes already in chaina and north koria their government block their 80% of the peoples account in crypto who not linked with their tax documents to the banks like kyc verification almost in the total world will tells the crypto will be banned in our countries ..this rumor spreaded around the world and most of them are sell their currencies at a low cost ..its a very bad situatuion ..by the fear of that bitconnect also closed their tradinfgs and today only the cost down to the 9k usd and in coin market chart most of all the coins are get huge rate downs and this a very bad market in cryptocurrencies market some coins are tottaly collapse their couins by this effect..this is a very bad situation... I don't know yet, but I think maybe they will regulate but not transform anything in illegal, since with regulation they can steal from us with taxation
.thank you for sharing info with us...
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My warning is subject to the news and rumors that are promoted in groups and on Facebook about the platforms, all lies meant to plant panic in people to withdraw their money in the height of the crisis, I mean if you believe that the Korean Ubit and Esdoh Atmachi sell your currencies and Neta loser 90% Benanese Chinese and Atasad Attar the same thing!
Bananas in Tokyo and the Russian Yupite, watch out and then watch out, I and Waha are actually Esso Mandir ...
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And they always come up with their fud while markets are already in a corrections and people are already nervous. And yes cryptomarkets seem to be very vulnerable too bad news but also recover very fast.
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Ultimately I dont think they can do either. At a certain point in time, decentralized exchanges will make what you discussed moot. It is impossible to access or regulate a decentralized exchange. That is what makes them so powerful.
The more talk of this, the more I like Bitshares.
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Yes bro ..i only said what i heared from last one week in the social medias and other newses...all are want to get profits..i also have a hope definatley we will get huge profits in future if we hold the coind now bro...
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I agree once there is decentralizatin in the exchanges the war against crypto wll get exponetially harder. Do you think bitshares could grow into the decentralized exchanges that we BADLY need?
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Yes, the big problem that has affected the market is I'm South Korea controls the largest number of traders and they control the market
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If China and Korean government block cryptocurrencies ,then it will cause a tremendous market down of cryptocurrencies because a huge amount of trading comes from there.
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I appreciate your comments @durgaani
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Yes, this is an important topic
The Ministry of Defense in South Korea blocked access to online digital currency trading platforms in military bases. While South Korean financial officials are considering a large-scale campaign to calm domestic currency markets, the country's armed forces are also considering special measures to keep soldiers away from digital currency trading, such as the Betquin, according to Korea Times reports. , The Ministry of Defense was busy setting up firewalls to prevent soldiers from accessing digital platforms in Internet cafes located in various military bases. Where the ministry said in the notice:
"According to internal rules, access to digital currency trading platforms will be phased out as of Monday"
The "internal rules" have developed digital currency trading platforms along with online gambling and pornographic sites that are also banned under Korean military regulations. In addition, the Department of Defense is also developing and introducing regulatory restrictions against the circulation of digital currency after the denial of access to trading platforms. A South Korean Foreign Ministry official said.
Thanks for sharing bro. @zer0hedge
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Yeah
We will announce specific measures to prevent digital currency transactions being conducted within military units. The ministry is also in internal talks to confirm whether it is against these military regulations
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Of course we will see everything as a quiver
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I also heard that the ministry of defense in south Korea blocked access to cryptocurrencies.but it should not be happened.
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Personally I laugh at the talk of regulation. The more this persists, the less likely it is to happen.
China goes after the miners yet Alibaba enters bitcoin mining so what does that tell you.
Governments will go after the exchanges which means people will simply shift to decentralized exchanges.
Countries will ban it altogether meaning other countries will take the opportunity to profit from that.
When will people realize there is no way to stop, ban, or deter cryptocurrencies. In the end, the blockchain makes it impossible...it is decentralized...there is no point of attack.
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Yes it's an excellent mark of decentralization that can not be deterred by an amazing technological system that really is when I dig deeper into it
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The Qin Block Technology is amazing
Decentralization will benefit them and develop and economize on the countries that exploit them
And the countries that prevent this will remain behind
Take my words
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I agree with u bro that none can stop or ban cryptocurrencies.
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I believe there will be a lot of countries supporting this revolution, but I am certain that the more powerful governments can make things pretty difficult for us.
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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.
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the world is already based on colonial system.would it be bad to change this system?@taskmaster4450
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Yeah bro,in my country bitcoin exchange is now against law due to unrestricted.
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countries can come together and make a joint decision.
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Yeah that would be perfect.
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First of all thank you for the information you share. This is the top ten in the 10 countries that regard BitCoin as illegal. North Korea and Russia. These two states do not accept money for the foreseeable future. Or is this a buying policy? If so, politics is the creation. Still 53% of the world's countries are undecided. These countries are abstaining. The Chinese state is at the back of these countries. It is a country like China that has close to 50% of world production. How long does it take for him to abstain from Bitcoin? Countries wishing to finish Bitcoin will have to accept bitcoin. Cripto will be in a better position than the money. It will be thanks to us. We just have to be frightened and brave. Cripto paralara and we do not have to trust ourselves. We will laugh these days as our money gains value. Those days are not far away. Just trust. @zer0hedge
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Yeah bro we will laugh when the cryptocurrency market gets its value.
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Great graphic. I'm not surprised that a lot Of The world are yet to comment on the legality of cryptos - they're waiting to see how they fair out. Platforms like Steemit are very positive contributors to this!
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It's the best thing I like about steemit having someone doing such a work that it tires me to accomplish such publications and topics are important to me
Respect him so much that he is very special
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STEEM is a groundbreaking blockchain. It does things that no other can do at the moment...i.e. have an actual utility that is being used. Many are in the planning stages or simply to transfer value.
Plus, you have people actively creating on this site which will show the world it is all not a sham.
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Yes, agreed. Steemit has a real use case with an active userbase, it's a great platform. Thanks for all the comments, I'd love if you had any feedback on any of my posts.
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Yes this is very excellent will help advance my society steemit coin Steem do not fear it from anything it's strong
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1 week ago everybody was like "Oh, correction - HEALTHY STUFF" , Now they are like - Oh, F#ck ! " I say - calm down - this was more than expected, I really think the market is kind of adjusting, because you can't have a valuation of 20B, when you don't even have a working project. Not to speak of thousand of scam coins. At least we have one less, as of today BIT-GONE-NECT
If you have invested in the solid projects - you can reload your stack at a good discount.
P.S. this chart is great ! Thanks for sharing. Also you can check THIS
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You are right @ervinneb.
Corrections are healthy...things were getting a little too nuts too fast. This is a wake up call that markets do not head straight up.
I still think you see a couple trillion dollar marketcap by the end of the year but it will not be without pullbacks.
And yes a lot of the shitcoins were bid up...although they might be again. Until more events like Bitconnect happen, the scamcoins will persist....until they dont.
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Yes, some of the coins are like unrealistically pumped. However, this is a very nice opportunity. Although I guess we will go a bit lower, before we go higher, I am definitely a buyer at these levels.
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It's interesting to see where Bitcoin trading is illegal - in most of those places the economy sucks, is controlled by a government that is suspect at best and corrupt at worst.
I think the main places to watch are the countries that do the majority of trade to other countries like China and North Korea as they have a lot of influence however the beauty of crypto is it is not tied to one place, it will just move elsewhere
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These developments came at a time of increasing scrutiny of local currency markets by the government and regulators in Korea. Last week, the country's Ministry of Justice proposed a complete closure of all digital currency platforms through a legal project. The reactions to these moves were immediate and forced the country's presidential office to issue a statement to calm those fears. After the Ministry of Justice found that its proposal did not receive support from other government agencies, including the Ministry of Finance, it finally reversed its strict position on the issue. At the same time, the armed forces of the troops are said to be operating under their own laws
We urge soldiers to refrain from accessing digital currency platforms to avoid disappointment with our decision to block access to those sites
:D. @zer0hedge
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What is the duties of ministry of Justice???
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The crypto market has experienced far worse volatility than this in its short life. The sky is not falling.
Supposedly China wants to ban peer-to-peer trading in bitcoin. Those transactions represent a tiny fraction of the market and are simply going to places like Japan. If a country tries to make cryptocurrencies illiegal, the crypto industry just moves to jurisdictions that are more friendly. Every time China has moved against cryptos, the markets have come back stronger after the initial hysteria.
In S. Korea, the exchanges are just becoming subject to more regulation and customers have to comply with Know Your Customer laws. That's no big deal. Anytime you open a bank account you have to do the same thing.
In the long run, government regulation is positive and will lend credibility to the space.
And remember, most governments don't have a position on cryptocurrencies. They are therefore legal everywhere except in countries where the government has specifically said they are illegal.
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I consider this decline to be very natural and was expected to be fresh for me. Most currencies are only higher and this is not true at
Trading Code There is a low and there is a rise
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I think that as long as people are responsible with their position sizes, don't risk more than they can afford to lose and have a diversified portfolio of quality cryptos, patience and discipline will win out in the end. People who bought cryptos even 6 months ago are still sitting on substantial gains.
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Yes there is a saying I say on trading
Money is lost by a little patience and won by great patience
Soon the market will rebound
This is my chance to fix a bunch of special things Pena
And raise the tempo of action in the steemit I top p shut the podium and leave it I do not want to look
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The meeting at davos is coming up soon. I wouldnt be suprised to see whole new sets of regulation come ot of that meeting.
I obviously dont understand the complexities involved in decentralized crypto exchanges because I thought they would have taken over by now.
The sooner the better. Exchanges are the weakest point
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I would be very interested to see what that map looks like at the end of this year as I have a feeling a lot of changes are going to take place in the crypto space this year (as this is going to be the year of regulations... mark my words). Interesting times to say the least...
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I learned with the documents. Those who say no for bitcoin are in the minority with a value of 4%. But this minority is unfortunately an effective minority. So the problems are a bit more on the agenda. My own thought. Bitcoin will win at the end of this war. It will increase. This will not be prevented. @zer0hedge
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It is the mother currency, the strongest and the inevitable digital currency of the world it decentralized will impose itself strongly not fear
on her
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Yeah bro I agree that the price of bitcoin will increase.
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I agree to you
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Nice map I wasn't aware that bicoin was legal in so many countries.
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Thanks for the good explication 👍
if you have a moment you can come to see my blog @kelos
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Good post
Congrats...
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Upvoted and re-steemed, yo!
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@zer0hedge They are very right to worry. highly available crypto money for money laundering. they need to control money transfers to prevent this.to understand the source of incoming money
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I think trying to control this is like banning gun powder and hoping it goes away.
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Do you know that Orange represents neutral markets that are not outright legalizing Bitcoin, but do not have any major restrictions against the use of cryptocurrency. Light pink countries are restricted Bitcoin markets that may have lots of red-tape, regulations, and government attempts to slow the use of cryptocurrencies. Dark pink countries represent markets where Bitcoin has been made completely illegal and criminalized. Lastly, some countries have yet to comment on Bitcoin's legality, which are represented by gray color.
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In this map you can see the difference between a real "free country" when compared with most tight regimes of china, russia, ...
BTC going to 8,5K is the next possible stop, let´s see what happens
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Awesome work! I`ve re-steemed!
Must be supported...
Thank you for your wonderful work 😊😊
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The Brazil government is between transform Cryptos in illegal or regulate that. I don't know yet, but I think maybe they will regulate but not transform anything in illegal, since with regulation they can steal from us with taxation.
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I think Uganda should be coloured orange like Kenya.
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Unfortunately that breakdown is by number of countries rather than population which put a gloss on the situation, particularly when you consider the authoritarian direction China is taking. At a rough estimate something like a quarter of the World's population live in the pink or dark pink zones
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With this decline I think the rally will be huge
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They don’t want to see us win #HODL
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Any source of this information?
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Thanks for the info of Cryptocurrency @zer0hedge
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The government can go suck my d***
If they think that simply making it 'illegal' is going to help their cause, they are wrong.
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