Perhaps the main reason is the fear of these countries about the volatility and uncertainty of digital currencies which are very risky, and besides the fear that digital currencies are used to finance terrorism and other crimes.
I personally live in the country where I live as long as I can use or own bitcoin for me for whatever reason I don't care, even though I can't use bitcoin as a transaction tool I can still use it by exchanging it for fiat for any use.
Topic: 12 years and no country has approved Bitcoin ?? - page 10. (Read 2275 times)
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Actually it was launched in 2009,if what you mean by approve means adopting bitcoin and making it their national currency, I'm not sure that ever gonna happen, the government will never accept a decentralized currency,they dislike anything decentralized, the government would have adopted bitcoin if it was a centralized coin which they can control and regulate, but sadly its not,so I don't think that's gonna happen anytime soon. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
And in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Whatever he said about bitcoin is none of my business, bitcoin is the new technology for the future, and I will always brace the future anytime, any day. 
Allowing it's existence is approval in of itself already, there's absolutely no need for the government to parade on how they would like to accept Bitcoin mainly due to the fact that it's existence itself has no governing body. Sure, if someone were behind Bitcoin, then talks would be on it's way and governments would probably file a contract that would bring profits in for them, but there's no one to talk to. They may ban it since they don't particularly like how it's decentralized system is, but as for allowing it? As long as it isn't banned, you can consider a country to allow it's usage imo.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Approved by what? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Approved by what? and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
My country has been accepting bitcoin as a commodity, I can freely use bitcoin as a source/side income, it means the government has approved bitcoin. And this thing has happened in most countries, indeed there is still a few countries who accept bitcoin as means of payment system, but it is just a proccess bioin will be accepted by most people if they know it. As for now, the people still doubt to bitcoin, they still indifferent to bitcoin but who knows in the future ? I bet they will accept it.
What you really need to understand, is the power that being able to print your own money has. That's why there are so many currency. We live in a world of financial leverage. Printing today means controlling the basic interest rate of your economy, The government's ability to borrow at the rate it wants. Control the population's purchasing power. Control imports and exports.
It becomes very difficult to have a caged beast like Bitcoin, free in your country. The government loses that power and needs to create other instruments if it wants to continue to have that control.
That said, Bitcoin can only become a currency with great circulation in a country if society does so. Society needs to start seeing its advantages and freedoms. It is the power that breaks borders and diminishes governments, especially those that are excessively controlling.
It becomes very difficult to have a caged beast like Bitcoin, free in your country. The government loses that power and needs to create other instruments if it wants to continue to have that control.
That said, Bitcoin can only become a currency with great circulation in a country if society does so. Society needs to start seeing its advantages and freedoms. It is the power that breaks borders and diminishes governments, especially those that are excessively controlling.
Let's ignore your writing or mental error.
Whatever,
It does not matter who approves or who does not, The Bitcoin Core, in its RHbtc factor is circulating and not even viruses knock it down. its white and orange globules are enough for now.
I like the old man, he has his charm.
Mr. Warren Buffet, that comment using the sense of premonition, just, Ok!
And just ok! because a comment does not hurt, but it seems that every time a bitcoin confirmation occurs, some suffer from a headache.
I am happy, how everything is going with bitcoin.
Whatever,
It does not matter who approves or who does not, The Bitcoin Core, in its RHbtc factor is circulating and not even viruses knock it down. its white and orange globules are enough for now.
...//...: 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
One should always take the trouble to cite the source, there are several but I will take this one: https://www.theguardian.com/technology/2018/jan/10/bitcoin-and-cryptocurrencies-will-come-to-a-bad-end-says-warren-buffettI like the old man, he has his charm.
Mr. Warren Buffet, that comment using the sense of premonition, just, Ok!
And just ok! because a comment does not hurt, but it seems that every time a bitcoin confirmation occurs, some suffer from a headache.
I am happy, how everything is going with bitcoin.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Bitcoin was approved by Japan in 2014, only 5 years after its introduction (2009 not 2007). Therefore what you said is a lie, and with what purpose i wonder. Given your status and number of messages in this forum, i can only imagine what your objective is.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
TL;DR: You lie.
This just sounds like a really weak attempt at trolling. If you don't want Bitcoin because it's not approved by government or Warren Buffet, then Bitcoin is not for you. Bitcoin was created to give people control over their money, that should be enough reason to use it if you find this feature appealing.
hahaha, I agree that Bitcoin is not suitable for OP...Bitcoin = be your own bank or control your own money. if governments around the world approved Bitcoin then indirectly we can no longer control our own money. currently, there are several countries that include Bitcoin in the list of investment assets that are monitored but that does not mean they approve Bitcoin, they only monitor Bitcoin because it is possibly misused by criminals.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
The launch date is a blunder and you are quoting an old man who made his money hedging funds and what are you expecting in a decentralized currency, each and every government approving a decentralized currency. It is your choice whether you wanted to invest in it or not and if you are not interested in the market you can leave it alone. The technical aspects is well documented and if there is any asset that gave its investors the profit in the last 10 years it is bitcoin and nothing else. and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
What do you mean approved? Basically, I think in countries that bitcoin is legal we can consider that bitcoin is approved in that country since everyone in that country could legally use or buy bitcoin.
We can't really expect countries to approved a decentralized currency like bitcoin, countries have their own currency that they control and they could trust, bitcoin could be an alternative currency. In my opinion, as long as countries are not banning bitcoin its good to go already, the country is going to adopt in the bitcoin technology at some point as long as bitcoin is not illegal in that country.
When it comes to legality I think bitcoin is adopting pretty well as there are only a few countries that banned bitcoin.
Source:
https://commons.wikimedia.org/wiki/File:Legal_status_of_bitcoin.png
This just sounds like a really weak attempt at trolling.
I hope not because if the OP is really a new user who comes here then this topic is his first writing about bitcoin because the rest is submitting authentication on the bounty thread. Although in my opinion the OP is not a new member in crypto but I will still consider him as a member who does not have much knowledge about bitcoin based on his posting history. But if it's a troll experiment then there's no point in feeding it. Because trolls should be left alone without having to be served and that is a way to weaken them. 
What does that actually mean for Bitcoin to be approved? Through the years government's attitude towards Bitcoin and cryptocurrency in general changed a lot in positive way. It's true, in many countries isn't regulated yet, at least not in full, but it's freely used in most of countries, acceptance is increasing as well as number of services connected with Bitcoin. So, the progress is visible, we have to admit that.
How can you say no countries approved bitcoin yet? I know that many merchants are accepting bitcoin for payment legally in many countries. Last year when I visited Saudi Arabia I saw many bitcoin atm. If the government didn't approved how they are using the bitcoin atm? I think you should do some research before posting anything here. It will save both of ours time.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
No country has approved bitcoin? What do you mean? If it isn't approved, then how are people using it to make online purchases? How come there are hundreds on ATM on the street? If it was illegal, there wouldn't be any exchanges and those ATMs would be taken down. There are only few countries that doesn't approve usage of bitcoin.and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
Now, buy approval if you mean legal tender, then isn't it a little too early to expect bitcoin to take over fiat currencies (like that is ever going to happen in the next few decades)? Bitcoin is still in its infant stage and a lot is there to develop.
My country has finally legitimized Bitcoin in March 2020, that's when I come to know about Bitcoin cuz I heard about it on my countries mainstream media.
In march 2020 Govt. here welcomed others to invest on any crypto exchange-platform be it physical or virtual, and also Banks here are buying Bitcoin .. to what extent of money/capital I don't know but that's sure they are buying it, I've heard about it from some friends of mine that work on various banks.
In march 2020 Govt. here welcomed others to invest on any crypto exchange-platform be it physical or virtual, and also Banks here are buying Bitcoin .. to what extent of money/capital I don't know but that's sure they are buying it, I've heard about it from some friends of mine that work on various banks.
We don't need countries to approve Bitcoin. We just need them not to ban it. 
We need businesses around the world to adopt it though. For now we do have a consensus that Bitcoin is valuable and maybe it's a viable hedge in crisis times.
We need businesses around the world to adopt it though. For now we do have a consensus that Bitcoin is valuable and maybe it's a viable hedge in crisis times.
:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ?? Huh
Bitcoin is not someone's father's personal Visa that needs approval from countries. It can freely be transferred (with a nominal fee) to any place without any boundaries and intermediaries involved. What kind of approval do you need more than this? There are countries where the state of crypto is still unclear but a few countries have already welcomed crypto and started accepting it.
Quote
and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"
And I think we should not give his words too much credibility here. If you are a blind follower of him, why are you worried about Bitcoin?
Satoshi Nakamoto's main goal in making Bitcoin was to replace fiat, so that it could become a global currency. But the problem is
that it is impossible for the government to accept Bitcoin that cannot be controlled, so it's not easy to get all countries to accept
Bitcoin. But if Bitcoin is accepted as a digital asset, many countries have accepted this. Then regarding Warren Buffet's statement
that Bitcoin will end badly, don't believe too much, because Warren Buffet is not a god who can know the future.
that it is impossible for the government to accept Bitcoin that cannot be controlled, so it's not easy to get all countries to accept
Bitcoin. But if Bitcoin is accepted as a digital asset, many countries have accepted this. Then regarding Warren Buffet's statement
that Bitcoin will end badly, don't believe too much, because Warren Buffet is not a god who can know the future.
still no country has approved Bitcoin ??
it is legal here in my country, Indonesia. yes, it's approved by the government.
however, it was approved as a commodity. it's regulated and legal to trade bitcoin here.
just like any other country.
but, if you mean bitcoin as a medium of payment, it's strictly forbidden here.
but since it decentralized and has a strong privacy point, people still used it as a medium of payment illegally, OTC.
I believe it happens in other countries as well.
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