Topic: Why bitcoin requires approval from countries ? - page 2. (Read 1818 times)
Once approved, many entrepreneurs will use electronic money supply technology. with state approval, that means it is legal and does not violate existing domestic regulations.
The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them.Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. While some countries have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified bitcoins differently. While this article provides the legal status of bitcoin, regulations and bans that apply to this cryptocurrency likely extend to similar systems as well.
I do not think bitcoin requires approval from countries because in fact without the approval from them, we still can doing any activities that related with bitcoin such as trading, bitcoin investments, payment transactions or others. But if there is approval from the countries, we will feel safer because we know that our bitcoin activities is protected and guarantee by the countries.
In my opinion, not so much if bitcoin requires approval from countries around the world. Germany in this case is one of them.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
As an investor or simple a user you do not really need an approval for the government but the thing is that, if the government approved the usage of bitcoin in an specific country for an instance, you can use bitcoin freely without worrying. And also if it was approved by the government more and more people will.loved to engage in using bitcoin and it may seems to be an addition to bitcoin's popularity.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
As a matter of fact bitcoin does not require any jurisdictional and geological endorsement before it can work. At the point when nations restricted bitcoin involves it sanctioning inside such nation however in a perfect world an individual can use to exchange their national money. So all things considered when its lawfully affirmed in a nation it can be utilized as without limitation inside that nation.
Well, how else should he work on the territory of the country. To sit and wait when the government will find out about it and plant or make pay a fine?
Actually bitcoin does not require any jurisdictional and geographical approval before it can function. When countries banned bitcoin is a matter of it legalization within such country but ideally an individual can use to trade their national currency. So in that case when its legally approved in a country it can be used as without restriction within that country.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Actually, the bitcoin is a decentralized digital currency which has no regulations and no control over it and because of this any country or region can allow them or block them as per they wish so that their citizens might not get into any kind of scam. So the approval is important because the country's government supports the decentralized currency and by which the traders gets support and safety from the government by the approval and so the bitcoin's approval is adding security and safety to the traders.
for me bitcoin approval of each country is legal for its use because of the protection of the users. Because bitcoin is a big company for approval by governments in every country.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
It just provides legitimacy to Bitcoin and more people will feel comfortable investing in Bitcoin. A lot of people, apart from institutional investors, are concerned about the reputational risk associated with cryptocurrencies. With the government clarifying its stance, they may go ahead and invest.
with state approval, that means it is legal. of course bitcoin can be used to transact legitimately on the sale and purchase or trade in the country. and does not violate existing regulations in the country.
it's in my opinion.
It should need to be approved by the government, to assure the people who use and make transaction with the uses of bitcoin. When the government on it's country approve and ligalize the uses of bitcoin, it will be more applicable to use. it's in my opinion.
with state approval, that means it is legal. of course bitcoin can be used to transact legitimately on the sale and purchase or trade in the country. and does not violate existing regulations in the country.
it's in my opinion.
it's in my opinion.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
I think bitcoin needs to be approved by countries. bitcoin is one of the most popular digital currencies in the world.
not excessive if bitcoin requires approval from countries in the world. once approved, many entrepreneurs will use technology that provides crypto currency. Germany in this case one of them.
OptiToken gonna open around $6 or $7 on C2CX
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Bitcoin doesn't need to approved by any authority or government. The only approval which is need to make legal in that particular county but still you can use it.
It is not necessary. Bitcoin doesn't need any approval from any countries. Even it is banned in some countries now, It is still alive without any approval
If it does not get approval from countries is certainly very difficult to be developed, it is proven that the state that bitcoin banned like china then there bitcoin transactions decreased drastically because users are worried about getting punishment from the government.
Bitcoin is good currency if the country allow this then the people will understand that it is true and real while now man people across the world are waiting that when the country took the responsibility that bitcoin is legal then every one will do openly and use bitcoin.
Actually you really don't need approval from the government or on that particular country the only things that you need is internet connection device and most of all your patience as a bitcoin users the only reason why bitcoin neefs approval is to make it or for bitcoin to become legal .
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