Topic: Why bitcoin requires approval from countries ? - page 12. (Read 1817 times)
I think, this will depend on the rules or norms of the country. Some country allows bitcoin and some are not because they dont know yet this type of coins. For example, some country not allowing this because it may affect their beliefs on how the rulling of their religion takes place to it.
Actually, there are a lot of countries that are against bitcoin and there are others who are considering to block or ban bitcoin in their jurisdiction, that is the reason of why there are a lot of countries thinking about this, because it is not healthy to their economy
If one nation approved. It means it is the way to become legally use for their citizens.
It means you can use bitcoin to their country with no hesitation or freely.
You can use it whatever and whenever you want.
It means you can use bitcoin to their country with no hesitation or freely.
You can use it whatever and whenever you want.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
This is not approval. This is the so-called process of legalization and regulation of bitcoin. It is necessary in any state to officially fix its legal status in any normative legal acts, to determine the basic conditions and rules for its circulation in the country, and also to determine with taxation. Without this, the state bodies, courts and other institutions will not know how to treat it. Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
They need to approve bitcoin in order to use it as a mode of payment in their country and to make it legal. When this is already happened bitcoin demand will increase and they can receive a big profit later Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Approval of bitcoin by countries is necessary so that it can be used as a mode of payment in these countries. As this happens demand for bitcoin and its adoption increases. The government don't usually get in the way of you making money online. But when something goes in the millions of dollars worth then they take notice and take action. They also take notice when people complain about scams. On one end, they just want to protect their citizens from scams. On the other, they want their share through taxes.
That is also true, the presence of regulation invariably provide a legal frame work or guidelines that help protect the citizenry from unwholesome practices and scam projects.
Countries giving approval for bitcoin use simply means there are no legal restrictions to the use of bitcoin either as a means of payment or as an asset class.They can access banking facilities with ease
But there are so manu governemnt invoking unfair restrictions on using cryptocurrency even when the advantages of using them are huge
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
I do not understand why governments are so eager to control the cryptocurrency. I think that this is the fear of the government and control of citizens' incomes. But people will still find a way to gain access to cryptocurrencies with the approval of the government or without it. Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Bitcoin works only on the Internet. Therefore, all operations are performed on the Internet. besides this bitcoin, is a decentralized currency, so that no one regulates or controls the institution. then the bitcoin is free. The government should examine the effects of cybercurrencies on an agreement that is used in the country for transactions and make rules for bitcoins make progress and benefit the country.
Because bitcoin is not a controlled currency that can be used in criminal cases. It can not be monitored by special services and bitcoin does not pay taxes, so countries are asked to legalize the currency.
germany is developed country and they know how to develop their country in many unique resourse,that why they approved
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Simple, because they want to become safe their country and they will secure it. Some countries against bitcoin because of some countries against also, they have a negative thoughts because of some countries that against to bitcoin. Also they want to know if it can help the country's economy.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Bitcoin is currency and i dont understand whats that needed an approval?
Governments having policies regarding cryptocurrency because of many issues about scamming,laundering and illegal activities that involving crypto specially bitcoin. Thats why they need approval,but this coin can be used if you have internet and gadget ,they can only banned this if they cut the internet of that country
The government don't usually get in the way of you making money online. But when something goes in the millions of dollars worth then they take notice and take action. They also take notice when people complain about scams. On one end, they just want to protect their citizens from scams. On the other, they want their share through taxes.
Without the support of every country, these countries will crack down on and prohibit the trading of BTC, which of course will cause the price of BTC to fall.
Every country has its own laws regarding currencies allowed to protect its citizens. Thus , you will find different rules everywhere.
Doest it really matter or affect something? Who cares i guess...
Others countries are approved of bitcoin but there's some countries are didn't accept bitcoin because they afraid that they can't control bitcoin. Approval of bitcoin to every countries is really good because they can easily process their bitcoin to any banks that no worried and also you get your profit.
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