Why bitcoin requires approval from countries ? - page 16.

Emmax

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Quote from: shafi alam on July 03, 2018, 03:55:05 PM

this legalization is for you can use it like fiat currency. Seller can sell with bitcoin, buyer can buy with bitcoin.

Yes u are right. I know with time the world will be making use of Cryptocurrency. We all have to take advantage of this opportunity since bitcoin price is slow. Buy down now bitcoin because bitcoin will hit what we never imagined. Price can not be guaranteed but I know for sure that things will change soon. Massive gain await those that buy down now.

DunnDy

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The reason for Bitcoin approval in the countries is very simple. It's about being allowed and legal. When a government of a state approves a cryptocurrency, it's legally permitted for use. Then all actions by the residents are legal and they do not have to fear about consequences or look for other solutions. Bitcoin approval gives its users the freedom to use it.

estupido

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approval should be necessary to legalize the problem let alone about this bitcoin, one should know whether bitcoin is legal or illegal in that country. and it's all to provide legal certainty

Emmax

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Quote from: BTC.Turtle on June 18, 2018, 05:23:00 AM

Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?

Talking about bitcoin being approved is good news. I know now that bitcoin will be legal in their country now. This good news can make the growth of the bitcoin to be increase. With time I know bitcoin will be legal in many country.

chaoscoinz

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Quote from: BTC.Turtle on June 18, 2018, 05:23:00 AM

Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?

Bitcoin relatively puts a new spin on existing technology.
The blockchain is simple, yet so complex. It works!
Most Countries rely on their current means of laws, and policies in order to function successfully.
   What Blockchain did was disrupt the financial sector, so much so, that it has opened up people's eyes to the benefits the blockchain is capable of.
   The safest measure for a country to approach the use of Bitcoin, would be to approach it with caution, maybe even suffocate it enough to control it from spreading, until they can come up with a good solution that almost appeases everyone.
   Think of the Y2K bug everyone was so worked up about. It was supposedly a real disruptor to all things digital, like stored records, money, data, etc.
   Bitcoin approvals should mean good news. It means it has survived the scrutiny of critics, possibly gaining favor in their eye. If parliament is considering leniency towards crypto use, is this not a good thing? Maybe...

shafi alam

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this legalization is for you can use it like fiat currency. Seller can sell with bitcoin, buyer can buy with bitcoin.

gaurav82

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Every government has full record of investment and sources in its country. For free flow business Bitcoin needs approval. By this government can stop to use it in illegal activities.

Silberman

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Quote from: callmeback on June 27, 2018, 10:39:34 AM

Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend. Other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it. they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives and more. Bitcoin of course every user will be burdened because the government will definitely limit every transaction that happened from each user.

This is their biggest fear if bitcoin were to remain at its current size governments around the world will not care too much about bitcoin, but they are seeing the potential it could grow to be one of the biggest currencies around the world and they do not like it, since the tight control they have over their populations will disappear and as a result they will lose a lot of power.

Farrahyap27

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Bitcoin needs the legitimacy of nations to bring the unification of electronic money
Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend. There are some countries are strict when it come to new technology that they are not really familliar with. the government of a certain country can still set a rule or a law because they do still control their country. other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it. they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives no more.

nazarovv

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nobody needs approval in order to utilize bitcoin. just an internet connection and a device.when bitcoin is not approved in a countries that just simply means no sevices shall be given in exhcange of bitcoin or no legal merchants of bitcoin will be allowed

Hypnosis00

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Bitcoin is an online currency and it is not that trustworthy like the fiat which have an origin of which country it came from and there is a government supporting it but the bitcoin is just an online thing and it requires approval so it can regulated by a particular country so it will be safer for the other people to use it in terms of transaction and so on.

Shohanur

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BIB Exchange

Quote from: BTC.Turtle on June 18, 2018, 05:23:00 AM

Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?

Bitcoin is not acceptable all over the world. In some countries, it is illegal because government is more concourse about bank and they are worried about it.

syarifudin

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bitcoin does not require approval, because bitcoin is not real bitcoin is virtual, bitcoin can be used anywhere from internet network

jeronimosuykens

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Quote from: Wicked Sick on June 30, 2018, 10:41:25 AM

By approval they mean that legislation was made in regards to crypto currencies. While Bitcoin is a decentralized currency which means that it doesn't needs the approval of any country but the approval is needed by enterprises so that they could create services in the crypto industry fear free.

At present, the implementation of Bitcoin approval by many countries has been completed and many countries are seriously studying Bitcoin and cryptocurrency. I believe the growth potential of BTC and cryptocurrency will be good as more and more countries adopt and use it.

azhariusman1981

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I think bitcoin needs state approval because bitcoin transactions are difficult to control because system Peer-to-Peer, so every country needs to make agreements and rules on bitcoin so as not to be used for crime by the rule and legalization of individual countries people will be more confident and dare to use bitcoin.

Baoo

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In my opinion, the countries ( governments ) are who control the financial of transaction through the FIAT ( like, Euro, Dollars, Yen..), Unfortunately, there is always a large value of taxes and this is certainly an exploitation of users, that's why many people choose Bitcoin and cryptocurrencies in general, because that era has many characteristics, and due the governments cannot control the transaction of digital currencies and they cannot even benefit from them, so their only way for them is the non-recognition of crytocurrencies through collective ban by the social media ( Facebook, Twitter .. ) and their bad attempts in order to destroy Bitcoin.
Plus, I expect that in the near there will be a total recognition of Bitcoin as a legal currency in the majority of countries, and what that will be achieved , then it is sure that the era of cryptocurrency will develop in a good way.

jcemos9bt

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WayMaker Miracle Worker

Well done Germans for the approve of Bitcoin in their country, other countries should humbly remove their pride and approve Bitcoin in their country.

znakistu

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This is necessary because the Crypto-currency with its decentralized system allows you to get rid of the dictates of government rules and restrictions. although in fact, bitcoin was created not for the purpose of competition, but for the purpose of improvement. but the government prefers to limit the use of crypto-currency from a lack of understanding of the subtleties of the technical process, and in some countries it is generally prohibited.

Snaic

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Quote from: BTC.Turtle on June 18, 2018, 05:23:00 AM

Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?

States do not approve bitcoin, but legalize it, that is, make it legal. This includes determining the legal status of bitcoin, the conditions for its circulation within the country and the establishment of taxation. It is necessary that certain state bodies, including courts, tax authorities, banks and other institutions and organizations that use bitcoin in their activities, can act not at their own risk and risk, but in accordance with laws and other by-laws.

mmo_online_1981

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Bitcoin or altcoin need to be approved by countries and communities. All transactions require the consent of the manager! Agree to ensure a social development!

Topic: Why bitcoin requires approval from countries ? - page 16. (Read 1817 times)