Topic: Why bitcoin requires approval from countries ? - page 13. (Read 1817 times)
Bitcoin is a digital and decentralized in nature some undeveloped countries do not like Bitcoin and developed countries that are highly developed in technology approves Bitcoin .If we use Bitcoin personally I don't think that there requires any approval from any country or officials we can just buy Bitcoin and enjoy profit from it. If you need any cash or fund exchange the Bitcoin to fiat currency and if you need to start any business you should abide the rules and have to pay tax .
The approval is necessary in order to give a start to the legal regime of crypto currency. After it is approved, many businessmen will use those technologies that give crypto currency. Germany in this regard is very punctual. In this I like this country.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
I think this is a ridiculous thing. In the years 2009-2016, the government did not interfere with blockchain technology. Since the bitcoin price increased to $ 20,000 and after that Bitcoin has been banned in many countriesGermany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
I think Bitcoin does not need requires approval from countries, Bitcoin has always been widely used and just need an internet connection. Maybe the government wants to make more taxes, so they have banned Bitcoin, and now Bitcoin needs to require approval from countries Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Bitcoin requires to be approved because it is very complex thing that need a time and effort to be better or improve. If the government approve it then it can also be a stepping stone to bitcoin and also some shops may accept bitcoin because it is being accepted by the government.
As many countries have already approved the bitcoin in there is being legalized but whenever some new thing must be launched anywhere in the world the company would have to take the approval from the state so that the state have its own rules and regulation.Whereas the bitcoin is the digital currency so it might cause the damage to their national currency or effect the economy of that particular state so its very important to take the approval for that.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Countries approve bitcoin or crypto currency in general to be legalized in their country and they want also to regulate the usage of it to ensure that their citizen who invest may not put risk on their investment. that is why most countries require KYC to ensure that bitcoin or crypto coins will not be used for money laundering and other illegal business.Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
You dont need approval to use bitcoin, Approval is just a part of embracing the bitcoin technology in different countries, there are so many countries are adopted this technology to use in their country and some did not those country who did not approved to use bitcoin already banned bitcoin to their country.
bitcoin is not physical assets or physical form of currency bitcoin is digital form of currency important nobody can trace bitcoin send to whom importantly thats why exchanges ask the kyc to upload it to identify the customers countries also need some approval some rules to exchange use it else people hack or scam the innocent people by running ponzi schemes and chain networking mlm so its fair to avoid such types of things countries need to approval of bitcoin so they regulate to avoid bad things
I do not think bitcoin should get approval from every country, because not all countries agree on the existence of bitcoin. This can limit the bitcoin space, since bitcoins are controlled by the state. The positive impact of the approval of various countries that bitcoin prices are more stable and can be directly used for trading in all countries. Certainly the development of bitcoin is also influenced by every country.
Most likely barriers that BTC will face in certain countries is either the local currency feels threatened or they are worried about their citizens being scammed.
Nothing happens over night and fiat for example is taken very seriously.
Nothing happens over night and fiat for example is taken very seriously.
Probably because bitcoin is a digital currency that can not be set by any country so bitcoin must have permission by any country that wants to use bitcoin, and if bitcoin does not have permission by the state maybe bitcoin will be an illegal transaction so bitcoin must have permission by all countries
Are you sure that Germany has recently approved the bitcoin? If this is the real news, it will bring a super bull market, and Europe will always be the center of the blockchain.
actually bitcoin does not require approval from the state, as long as there is internet connection we are free to use it, the approval of the state just to make bitcoin more official for use and can be made for the means of payment or buying and selling of goods using bitcoin.
Every country is trying to see if there is any economic damage to be done to their economy when they approve cryptocurrency in their various countries. If after consultation and there is no real harm to be done to their national economy that country will approve the use of crypto in the space. Bitcoin will now experience wider usage in Germany.
Yep, they are all feeling fear about their own economy. All the countries want to claim their bitcoin and crypto world, but they don't know how to do it to get some profit from it. So they are doing that very carefully.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Here Approval in the context of the countries means their acceptance for the bitcoin and giving a part to the same in their national economy. They may be talking about legalizing the digital market so that the residents of the country can use the same, hold the coins, invest and trade, etc. openly with fewer restrictions. Also it may mean imposition of rules and regulations because of the creation of a rational and controlled market. It may further imply imposition a taxation regime for the crypto market, so that bitcoin income of the people does not escape from the government purview. 
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Approval of Bitcoin is not required. It only shows that Bitcoin is trusted and there is nothing bad in spending/using/earning Bitcoin. Not approving Bitcoin can give people doubts because the government don't trust on it.
I think all countries requires need approval for legalized purposes that every country will be earned paying permit before operation starting but mostly of the countries denied to approved clearly because of a team will not be united.
of course. because the goal in creating bitcoin is to become digital money for the world community. therefore it must be with the consent of the state. because the bitcoin world is a newcomer. and something new must ask for approval .
In other countries, bitcoin need the approval to make it legalized and it can use as an alternative currency in a different country.
Jump to: