Topic: Why bitcoin requires approval from countries ? - page 3. (Read 1817 times)
In legalization bitcoin needs an approval so the country really accepting cryptocurrency, but in the philippines i think its hard to legalize here because government protecting the piso and its hard to get the taxation of value.
Because government controls everything, they controls what should go in and out in their countries. like bitcoin it produces money so the government evaluate it if this kind of "company" will do good for our country.
Currently, my government has not approved the use of bitcoin in any transaction but does not limit its citizens to use cryptoctocurrency in its transactions. The central bank approves the use of bitcoin in remittances only but they are studying the possibility of legalizing it someday.
Bitcoin works only on the Internet. Therefore, all operations are performed on the Internet. besides this bitcoin, is a decentralized currency, so that no one regulates or controls the institution.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.
what's the problem of not approving the bitcoin in country. partially, Bitcoin does not require an approval because You can use it as long as you have internet connection that will make your bitcoin to grow.
Bitcoin become legal only if government accepted that particular virtual currency.there are countries accepting Bitcoins legal and can be paid as mode of transactions like banks. In countries like India bitcoins are not legal and in USA it is legal.
The other reason is people around the world are interested in virtual currencies and day by day it has been rocketed up in this digital world. So due to vast usage of people some governments are approving parliament bills to make it legal .
The other reason is people around the world are interested in virtual currencies and day by day it has been rocketed up in this digital world. So due to vast usage of people some governments are approving parliament bills to make it legal .
I think approval isn't necessary because some other country doesn't label it as illegal nor legal. I think they just approve is for recognition
now the crypto market is quite dangerous! because it is very easy for people here to lose their money, invest in math projects or lose on the stock exchange! The crypto market is very young, and until the end it is not clear what to do with it and what are the consequences! but I am sure that soon all countries will follow Germany, South America, Canada, Australia ..... Major investors and large projects need support and security from the state!
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
Approved or legalizization the use of bitcoin makes businesses, enterprises or companies accept bitcoin as a form of payment but still, declaring and banning bitcoin would be difficult for trading purposes.
Some countries don't consider bitcoin and other cryptocurrencies as legal. Yet, so many people who used it already. However, we have to consider the regulations for digital currencies addressing licensing and enforcement provisions applicable to money transmitters and currency exchanges.
Bitcoin needs a strong investment to become more stable and attract more users, making it more popular. Bitcoin therefore requires approval from the states. This is an important step for Bitcoin so that it can thrive in the future and realize its full potential.
I agree. In order for BTC to take the next step and reach some insane heights it needs more people investing in it. That will happen when it gets some kind of approval from governments.
People can still use it. After an approval from a country, of course people are free to use bitcoin locally and exchange it for fiat without worrying that you are doing an illegal activity. Its only downfall is that they are privatized, somehow good for us but not for some governments, and that is where the country is expecting to be approved with bitcoin.
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
Yes you are totally right, i think the exactly same. The goverments don't want to miss taxes about cryptocurrencies anymore. Everyone is using bitcoin nowadays and the number is going high everyday. I think in near future all the goverments will accept crypto moneys and will have the taxes. It will be the way i guess..
The legality of bitcoin is very much the governmental way to make money of cryptocurrency. Its a legal, go signal for businesses to adopt crypto while at the same time some of this share will go to governments via the tax system.
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
Yes you are totally right, i think the exactly same. The goverments don't want to miss taxes about cryptocurrencies anymore. Everyone is using bitcoin nowadays and the number is going high everyday. I think in near future all the goverments will accept crypto moneys and will have the taxes. It will be the way i guess..
The legality of bitcoin is very much the governmental way to make money of cryptocurrency. Its a legal, go signal for businesses to adopt crypto while at the same time some of this share will go to governments via the tax system.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
There is a process of gradual legalization of bitcoin in the world. Many countries one by one legitimize Bitcoin, the Mom expands its capabilities in the cryptomir. You can legally use bitcoin for trade. Although you only need Internet for use)
Sustainable and sustainable development requires the participation of many countries in the acceptance of bitcoin if many countries adopt bitcoin will be the driving force for the development of bitcoin in the future.
Most of the time banks within their respective countries are operating with jurisdiction from their own government so if asking why the government need to gives approval to bitcoin before it can circulate within the country is because it will of course change and affect their financial state and process big time. Migration from fiat to digital currency will take effect and investment and stocks will also move. Everything will be basically affected within the country specially inflation rates and merchants payment methods.
Bitcoin should require state approval if it wants to increase its popularity and developing countries receive bitcoin or use bitcoin
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
It is more proper and organized if there are some regulations about the digital currency. The approval is needed maybe because the government have the right to issue some laws and regulations about the certain currency.
which will happen after approval or legal, bitcoin prices will rise and we get what we want
it is all about price huh 
sad fact but it is true. people nowadays only a little that interest with bitcoin legalize and a lot of people care about it's price. personal opinion, i am care with it's price than it's technology Jump to: