Because by agreement it can make people more trustworthy in putting their assets in bitcoin and it can make or have a good impact on bitcoin prices and also smoothness in trading or in transactions in the purchase of goods and services.
In my opinion I think bitcoin need approval in every country cause every government want's to protect there people from scam, hackers and bad people using the name of bitcoin in there illegal transactions. If bitcoin got approved in one country many of men there are trust to bitcoin and got to interest to make an investment. 
Topic: Why bitcoin requires approval from countries ? - page 19. (Read 1789 times)
I think Bitcoin needs to be approved by the countries. Because Bitcoin improves the economy of the country and improves people financially. Bitcoin makes the country's transactions and easy payments. That is why I think it is necessary to ratify Bitcoin in every country.
Bitcoin does not need approval for you to use it. Why do other countries need their approval?
KYC (Know your customer) is called the approval why KYC needs to prevent the AML between the exchanger. Since Bitcoin is a decentralized and governments need control of the exchanger that they can handle to know the transaction. Bitcoin is capable of releasing and entering money abroad that does not pass through the banks so local exchanger is asking for the requirements to use or exchange bitcoin to fiat money.
KYC (Know your customer) is called the approval why KYC needs to prevent the AML between the exchanger. Since Bitcoin is a decentralized and governments need control of the exchanger that they can handle to know the transaction. Bitcoin is capable of releasing and entering money abroad that does not pass through the banks so local exchanger is asking for the requirements to use or exchange bitcoin to fiat money.
Many merchants have accepted to pay in Bitcoin but many have been still afraid of applying bitcoin. However, when the government makes its using legal, it's likely that more merchants will use bitcoin to do transactions.
Actually, it's not necessarily be approved to be used. But when it's legally accepted in a country, there is a posibility that cryptocurrency will go under regulation, making its price more stable and thereby a better payment method.
At least the bitcoiners do not care if they approve or not and they do because they can not stop it simply has to tell them to swear the people will always look for ways to avoid sanctions or silly rules that pursue is the innovators and not the true ones delinquent bitcoin is the world currency and that is why it is maintained and is an alternative to avoid devaluation in many currencies of the world that you have to give a number of papers that become money without inquisitive power in exchange bitcoin if you give real value to money of the world so much that it is better than gold
So many people do not know much about bitcoin yet and they still need to check that I will enter them in their country. Because many people scams using bitcoin and million of money that are missing because of bitcoin scams and people need to learn the crypto currency.
If they used bitcoin to their respective community thats the time we have to get the approval of the government,if just like this being a member of this forum and where part of the country its nothing approval on it.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Obviously if no approval by the government or the country that means it is still an illegal activities because no Taxes profit supposedly earnings by the government, that's why many countries does not approved by bitcoin become digital crypto currency business Flatform because of a lack of securities for every users and investors.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
It is because bitcoin is a currency. Approval means no restriction of it if you are using it, this means you can legally use it.
Some country doesnt approve crypto, they ban it. Peoples there cannot using it free, they are using it without their country knowing.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
The approval of bitcoin in a certain country is not a requirement. Once it was accepted and approved, it will have impact on the price and its popularity. It is important to be approved for it to become legal but no necessarily needed to be.
bitcoin is called as currency and can be called as an eye must be recognition by certain countries for example germany
Bitcoin requires the approval of a country because it allows bitcoin to be used in the country as a payment system, or as a substitute asset. If the country does not allow bitcoin, then bitcoin can not be used at all in that country.
Yes, bitcoin requires to be approved in one country for there security of the investors, and many investors are willing to join here cause they know that bitcoin is allowed in there country are legal cause bitcoin is a substitute asset for them.
bitcoin runs on the internet. so all transactions are done with the internet. other than that bitcoin is a decentralized currency, so that no one regulate and controlled by an institution. then bitcoin is free. the government should examine and study the effects of crypto currency for an agreement used in the country for transactions. and make rules for bitcoin to make progress and useful for the country.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Approval is not required, bitcoin does not violate the law since it is just a piece of software that performs a function, that is not illegal, governments are creating those regulations to try to create a framework to work with cryptocurrencies after all there is nothing in the market similar to cryptocurrencies but at the same time it is a way to make it seem as if they have everything under control even if that is not the case. to let others know what bitcoin is and to also say that legit bitcoin has countries that legit bitcoin and bitcoin approve their country is good news it's so other people's content is just what bitcoin and what its future is for people
If bitcoin approves in one country many people's think that bitcoin is legit and not scam or illegal and many people are joining here cause they know this is legal that they can earn when they join in investing. 
Once the government approves of cryptocurrency, people can trade, extract and withdraw freely. If you're going to be in jail for Bitcoin, you won't be doing it.
Some countries think that Bitcoin transaction is money laundering. As its a completely peer to peer connection system. There will be no third party between them means you are transacting currency but do not pay taxes for it which you have to do with fiat money. For this reason some countries think that it needs approval from their government.
Bitcoin requires approval from countries means it became legal to use bitcoin for the transaction. Many people do it privately as for their investment regardless of the approval or not in their countries. Assets need authorization to be traded hence approval is necessity for it. Bitcoin is not immune to the reach of governments.
If you coin Bitcoin is an asset, it actually does not need any country to accept it. Acceptance by the nations is only good news to motivate the number of people who believe in it.
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