Topic: Why bitcoin requires approval from countries ? - page 7. (Read 1817 times)
Nations will gradually acknowledge bitcoin. Most nations have understood that the interest for electronic cash is expanding and acknowledgment of bitcoin in a few nations will prompt more nations acknowledge bitcoin as it is another advancement slant. We can not deny that bitcoin is developing great
Any trade is susceptible to approval in any country such as canabis, alcohol are banned in some country, cryptocurrency can as well be banned is some country. If cryptocurrency is approved in a system it means any organization that wants to venture into it are permitted under the regulation to be released by the government.
For me personally, all the government's want to have part of our money in their pockets. The reason why they block and ban Bitcoin in the countries.
I believe that if you want to use Bitcoin you do not need to seek the approval of the state. Probably the state approves in order to regulate this sphere.
Bitcoin should be like it should need approval from the state. So that bitcoin can be trusted by the world and receive bitcoin, that bitcoin is a coin that can make people's life better.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Because it has to be legalized before it can be publicly made available to everybody. We still need government to function inorder tl protect us from frauds and scams.
Actually Bitcoin does not need anyone’s approval to run or be used. Anyone can use it since it is decentralized irrespective of the fact that whether any country approves it or not. The approval here means that a country is making it legal to be used by the people of that particular country. This will increase the confidence of the investors in the Bitcoin and the adoption of Bitcoin will increase. Moreover another interesting fact is that cryptocurrencies is that govts. just cannot intervene in it no matter what they will do they cannot stop the working nodes of the Btc Core.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Well because you may be considered as illegal platform if you enter a certain country without the approval of the highest ruler of a certain area which is the government, it holds everything, and as the highest law, they hold the safety and orderliness of the country and the lives of the people they must be doing their job so well for their country to keep in touch and safe from any anomalies that may occur.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Overall, a whole formal approval is not required for any crypto coin. The point is that governments approve them and want to impose regulations on them to collect the taxes and fees on crypto coins transactions. And they can have more control over the incomes of consumers.
to make it legal as a payment IMO , also other side , to make regulation about it , giving tax to their holder like gold or silver and etc
In a sense, BTC affects the financial order of the country!
And the state has the right to manage any financial activity in economic activities! Bitcoin is an unregulated cryptocurrency!
Therefore, BTC needs to be approved by governments!
And the state has the right to manage any financial activity in economic activities! Bitcoin is an unregulated cryptocurrency!
Therefore, BTC needs to be approved by governments!
we do not need banks because bitcoin has many benefits and advantages. I think one of the reasons why the government needs approval is because it can be a threat in the bank. As far as I know bitcoin is one of the most popular digital currencies in the world. It is not excessive if bitcoin requires the approval of a country country in the world.
I think Bitcoin needs the approval from countries to make some users of bitcoin less skeptical. People are skeptical about bitcoin because their countries have declared the use of bitcoin illegal. Countries approval of bitcoin will also increase the market cap of bitcoin and cryptocurrency in general.
The fact that German approves bitcoin is completely awesome, I wish that all the countries from big eight will accept Bitcoin, because if it will happen, we will see a significant growth in terms of price.
Well it depends on the government you have. I think they banned it because it can affect the exonomics of your country. That is why you need an approval in the you country. With approval in the country, the withdrawals and usage of bitcoin will increas and it is more easier to use it with no hesitation with you currency.
Approval means that Fiat can get in/out the crypto more easily. That's why it so important. If it'll be possible to build "human ATM" network, then might be we don't need "countries approval" for Bitcoin.
It doesn’t require approval. But companies that want to operate businesses around crypto want to be able to setup knowing that they’re not going to suddenly find themselves on the wrong side of a regulation. So by lobbying jurisdictional clarification (or approval for certain usages), it allows businesses to be able to operate.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
It doesnt really need any approval or be legalized for people from a specific country be able to use bitcoin and even a country banned the use of it people can still use it but the problem is people cant trade it for local currency or use it for payment. After an approval from a country of course people can freely use bitcoin locally and exchange it for fiat without worrying that you are doing an illegal activity. 
Well there are some countries that want to have it all regulated, and controlled, that is why the people from those countries are waiting to see what is going to happen with those regulations.
The same thing is happening on all the countries
The same thing is happening on all the countries
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
with the approval of the country it will make it easier for bitcoin users to transact using bitcoin, for example as a means of payment directly to replace paper money, as well as offline payments.
Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
Its not like something required or necessary, its just that Bitcoin or cryptocurrency will spread faster without violating any of the country's rule/law. It is also an advantage for bitcoin, if it demands to be a fiat currency. Jump to: