Topic: Why bitcoin requires approval from countries ? - page 20. (Read 1817 times)
when did bitcoin need approval? it was made to not be obedient any bank and gov, right? i think you mean certain regulations, then yes, some countries would try to regulate it so far, right?
Bitcoin actually doesn't require approval to be used anywhere. You can use it as long as you have internet connection and a device.
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
I agree with you. It really doesn't need approval specially if you do it privately as your own investment. But iit s much better ifcountries specailly yours would accept or approve it so that you may freely use it in your country through merchants and other establishments that accepts Bitcoin. Surely if Bitcoin wil legally be accepted in one place merchants will pop out.
Yes, Every countries have their own laws and regulation to implement in any investment that may come local or international because the government is always want to keep their people safe from any investment.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
The approval of bitcoin by its government is for legality for each countries. It is really need to be approved so that it will not use for any illegal transactions. Although Bitcoin is a decentralized technology, it is not immune to the reach of governments. Assets need authorization to be traded and due to this situation, regulations will emerge in several countries.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Bitcoin does’nt need any approval from any countries around the world, permission or legalization of bitcoin is not an issue, eventhough there are lot of news about banning bitcoin in other country but it does’nt mean that it is totally stop the transaction using bitcoin in that country. 
If accepted by the government, Bitcoin has the opportunity to become more popular than ever. This times, some countries have not see the importance of Bitcoin! Need more time to get Bitcoin recognized!
I don't think that bitcoin requires approval. Because you can use bitcoin anywhere as long as you know how to used bitcoin. I think the reason for the approval is for the legalization of the country for it is to be accepted because until now some of the country is not allowing bitcoin maybe because they do not believe on bitcoin for they cannot see their future in bitcoin they also think that bitcoin is not real and they are telling that they will not earn from bitcoin for it is not true. Bitcoin is real and it is a digital money that you can invest and earn big. You just have to learn and study the bitcoin for you to earn big. Their is a future in bitcoin. Some country do not believe is maybe they believe only to the money that govern by the bank. Some others are hearing many negatives about the bitcoin that is why they do not believe on bitcoin.
the approval of bitcoin by a government is to indicate that the people of that country will not hesitate to start investing bitcoin because so far those who use bitcoin are always suspected by others, whereas those users only want to invest to make a profit.
The absence of a central regulator and rules of the game led to increased risks and the rapid shrinkage of cryptoanarchist ideas. Owners of electronic money began to understand: we need rules of the game. Governments must deal with this task. That is why bitcoin needs not so much to be recognize and approved, as to be determined and define its status in certain countries.
Bitcoin actually doesn't require approval to be used anywhere. You can use it as long as you have internet connection and a device.
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
The cryptocurrency doesn't need to approve anywhere is A worldwide cryptocurrency you can use it anywhere, any time. Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
Although Bitcoin is a decentralized technology, it is not immune to the reach of governments. Assets need authorization to be traded and due to this situation, regulations will emerge in several countries.
Yes it is decentralized and you can use it in any country whenever there is an internet connection. But its better to be recognized by the said country and being supported. This is also for the benefit of the people to curb fraud and illegalities surrounding it. Governemnt is only on the regulation side.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Approval is necessary to make that particular thing legal in the country as before approval bitcoin was in grey area of Germany and that was uncertain that either government would make cryptocurrencies legal or not so investing was actually risky, but when country legalize the cryptocurrency so they can work freely in the cryptocurrency market and no one can do harm to you if you do your trades in a legal way. Although Bitcoin is a decentralized technology, it is not immune to the reach of governments. Assets need authorization to be traded and due to this situation, regulations will emerge in several countries.
Questionable assets needs government to intervene I guess, that's why bitcoin needs approval from the government, the problem with that the essence of decentralization has been stake, good thing is the actual system can go further without any changes, we do need to exchange our crypto to fiat so that's where the government will be concerned and will place every rules that will give them authority to question each profits or actual money that their people are gaining upon using this chain.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Approving bitcoin is the way of governments on accepting it to their countries so if they do not approve implementing bitcoin to their country then people especially those investors are does not have the right to use it in their business and transaction because it is not yet legalized to their country and the worse is they would consider it a great sin or a violation of their law. 
Although Bitcoin is a decentralized technology, it is not immune to the reach of governments. Assets need authorization to be traded and due to this situation, regulations will emerge in several countries.
Questionable assets needs government to intervene I guess, that's why bitcoin needs approval from the government, the problem with that the essence of decentralization has been stake, good thing is the actual system can go further without any changes, we do need to exchange our crypto to fiat so that's where the government will be concerned and will place every rules that will give them authority to question each profits or actual money that their people are gaining upon using this chain.
Although Bitcoin is a decentralized technology, it is not immune to the reach of governments. Assets need authorization to be traded and due to this situation, regulations will emerge in several countries.
Approving Bitcoin is a way to say that investors are good to go when investing in it. It means that Bitcoin is somewhat okay to them for an investment. Germany is one of the countries that accept Bitcoin because few only know what the technology of Bitcoin is capable. It needs to be approve because it will be part of a society.
In my country there is no more true deal still less bitcoin sosilisai here, (my country) requires legality in the country where I want to be recognized and the country will take tax from what we do, I hope there will be legality in my country so we easier to trade especially Bitcoin.
approval in a country its mean that the bitcoin is free to use by the people on that country, which is it can be used for transaction and other thing that we can do with bitcoin, if there are not approval in a country i think we can't use bitcoin freedom, we still use for a limited purpose only
Bitcoin may not be required for approval but it entails a lot of implications to it. If a country legalizes bitcoin, investors would consider investing on the cryptocurrency, thus increasing its price on the market. If a county does not legalize bitcoin, the price will drop on the market.
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