Bitcoin Forum

Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?

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

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.

But not necessarily, some countries don't consider bitcoin as "legal" (or illegal). Yet, merchants are accepting it as a payment methods. In my opinion, the only benefit I can see from making bitcoin legal is earning peoples trust because people have this idea that bitcoin is used for bad things only (darknet) or that they will lose their money (mt.gox) etc. but after legalization, they'll know they are protected.

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Germany for example don't allow setting up ATMs, so this news (If true) could be a step towards allowing them. Either way, you can technically continue to use bitcoin regardless of the laws because of its P2P/decentralized nature.

It is true that bitcoin is in dire need
  approval and it is necessary because in order to increase public confidence in bitcoin, and it is great for increasing the value or bitcoin price itself.

Bitcoin turns out to be a so called brand of fiat or commonly a cryptocurrency,  which we are all aware off. Its only downfall is that they are privatise which is somehow a good thing for us but not with some government, and that is where country are looking forward for approval with bitcoin. It is all about the vontrol of the said country towards bitcoin that is commonly became its very own issue.

You nailed it! Bitcoin doesn't require approval from every country. They are just have their own point of view about it and they have warnings with their citizens because it is not regulated. Maybe Germany's recent approval of Bitcoin o ky means that they can see it as safe to invest.

Countries will slowly accept bitcoin. Most countries have realized that the demand for electronic money is increasing and acceptance of bitcoin in some countries will lead to more countries accept  bitcoin as it is a new development trend. We can not deny that bitcoin is growing good

Calling bitcoin electronic money is the same as calling amazon a website. While it is not wrong, it is by far not the best description.

Electronic money is already everywhere. Just a fraction is being paid cash. Salarys, taxes, rent, ... are mostly paid electronically.

Being digital is not the fact which leads to increased demand of bitcoin. It is the trustless decentralized nature without any authority being able to create/steal/control the money.
Dollar bills and credit cards do both represent the same currency, with one being digital.

because bitcoin is a kind of cryptocurrency, it's unreal

In our country it doesnt need to be approved by our government but they are not supporting bitcoin as they stated on the news. For me it approving bitcoin or crypto is just legalizing in a country. If government approved it central banks might considere using it.

Hopefully we get to the point where btc will be as often used as normal cash

You can use bitcoin in any country so bitcoin don't requires any approval from any countries but that approvement can resolve the problems to transfer bitcoin to cash

actually bitcoin is not registered that's why a lot of countries are not accepting bitcoin .

Approval is required for Bitcoin to use Bitcoin and other cyrptocurrencies legally. If they would say it's not legal, people would be still using it, but it wouldn't be legal...

approval is good to spread quickly to everyone for acceptance. It's government process. Your curious is not bad but Blockchain technology doesn't stop for anything. Nowadays we know most of the companies like it. However, approval help to get your crypto profit by an easy process like as your bank account or others.

Legality is very necessary because it will help the development of bitcoin in the country. When bitcoin can be received in a country then bitcoin can thrive very well, the growth of a place that receives payments via bitcoin will increase. So this will have an impact on the overall regulations that exist in a country. Even when there is a country that receives bitcoin it will have a very good impact on the increase of bitcoin prices.

it is not required it is encouraged!

the thing is at the end of the day bitcoin is still the only decentralized currency that you can find and whether government or any other individual or groups of people approve it or not we will continue using it and majority of the world will do it with us.
so if the government of one country adopts bitcoin NOW they will be ahead of the curve for the next 30 to 50 years. and if they don't they will fall behind drastically.

Bitcoin do not require approval for anyone to use it because it is decentralized but countries may need to allow bitcoin to be officially used in their country  for private and official use.

It is not that approval is mandatory. However, some countries have regulations that in order to buy things you must pay with that and that currency. In that case if a country regulates use of bitcoin as legal, it helps, because people do not have to think if what they do paying in bitcoin is legal or not, they have it black-and-white, so to speak. And it is a case with Germany, and they additionally said that bitcoin purchases are VAT free, which is great for buying things with bitcoin too.

Cryptocurrencies in fact do not really need a state confirmation, it's easier to use it when it legalized, and if the country tries to block it, its using becomes more difficult.

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.

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

Approval of government for Bitcoin to be legal is of course required because cryptocurrency like Bitcoin are being traded for fiat or local currency whenever a trader or investor wants to take his/her profit and anything that will relate or connected to money, the government will always there to protect their currency and to avoid it from being used for fraudulent activities. But approval is not really needed for people to use Bitcoin, for the reason that Bitcoin works without anyone controlling it or simply it is decentralized, so if a government wants to ban it, people can still use it but will limit the uses of it on that country depending on what kind of ban did that country implemented.

Well, true. Since bitcoin isn't "illegal"(but not formally "legalized"), merchants can accept it as a payment method. But wouldn't the government sort of "pursue"(for a lack of a better word) the merchants that used BTC if ever BTC were to be banned someday in the future?

Basically, if bitcoin is approved in a particular country it just means that is legally accepted and in no doubt the people in a particular country is free to use bitcoin as payment of any merchandise and services. Bitcoin does not necessarily requires approval but it somehow gives a good impact in the market, knowing it is in accordance of the law.

It doesn't necessarily require approval. It just needs to not be banned, and even then everyone who wants to use it still can. It's really a matter of adoption.

The goal, in my eyes, is for Bitcoin to be accepted as a currency worldwide. Mass adoption is required for that, and mass adoption would be far easier to attain if Bitcoin were completely legal. Not having regulations at all is also nice, but that also means a ban could come at any time, so the general public would be more wary than if it were legal. The mainstream would also be likelier to accept it if their respective countries do the same.

Bans can't really stop Bitcoin, but they can stop adoption, which is probably just as bad. It's simply much better if everyone who wants to get involved can do so without any legal repercussions.

Bitcoin can be always used without approval of the governments. It's decentralized and no authority control it.
But, approval from f the governments is needs to have a more healthy market. It is also needed for being used as an official payment system.

Either if any country approves bitcoin or not,it could not be banned completely as it is a digital currency.Unless internet is banned,it could not be banned.

If there any currency involve of course we need approval even here in crypto that don't have regulator in some business another thing the difference only here is we don't regulate by our transaction but still government have knowledge here so some are need permit before running a business like in our own country wallet with digital currency and with fiat actually this is the best example of what you ask OP because our wallet have permit by government to run then our transaction don't regulate at all or our digital currency

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.

I think bitcoin didnt not required approval on a country. Because lot of country like mu country philippines didnt yet approve and yet didnt illegallize. As long as the country didnt banned cryptocurrency then you go for it.

it must be because the purpose of bitcoin is to become digital money that can be accepted by the state and the world. for buying and selling like a banknote .

It's just simple you can't use it if it's not allowed. Remember that a country is being controlled by the government so in order for bitcoin to be use it has to be accepted. Acknowledgement is very important so that bitcoin can have its value. Approval is a luxury that bitcoin wants to attain.

Well that's just simple because that's the key so that bitcoin can have a value. Without approval it means that bitcoin will just be useless. In order for bitcoin to be use without interference it has to be approved first. To have a efficiently transaction with the use of bitcoin approval is a must need thing.

It is the duty of the government to review all of the investments to ensure the safety and welfare of the people that these investments may not ruin the economy of the country. So therefore everything will be subject for approval according to their law that once check and approve then everyone can freely to join the investments.

I think it needs approval in our country becuse our country can make sure if it is safe or not, if it can help us or not. Actually needing approval is also wrong just like now our government didn't approve it because they want to earn also by putting a tax on it.

Bitcoin is a currency and needs to be taxed when use internationally,and since this is owned by no country i think thays the reason why it is more needed to have a approval,and more often because this has been tagged as criminal currency that same reason why many countries afraid of this entering their regions

Bitcoin needs approval so that it will be legally use to the people in a country. It means that it is accepted and recognized as valuable, an asset and a currency that could be used as payment to products and services you acquired.

It is well known to all that bitcoin is a decentralized, digital crypto currency which is based on modern technology. If no country approve bitcoin, Bitcoin can be used all over the world. Because it does not need any approval from any country to use. If you have a computer or any device and internet connection then you can use it. But approval is required from the country because of the general people who will feel free to use it. Without approval they may not trust it. It also needed to make it popular. And tax can be implemented by approving by the country.

Approval needed because if we want to use bitcoin as payment, its require government regulation. Bitcoin doesnt regulation because its decentralized but if we want to spend bitcoin, its need regulation because bitcoin is new currency

Bitcoin doesnt really need approval from anyone, we can all use bitcoin as long as you have internet connection and a platform, the meaning of this approval is to be able to use this kind of transactiontp the merchants and also to trade it to your local currency without having conflicts such as where does it came from

It should be done accordingly to what the proposal plan by the people's country and the majority. Bitcoin plays a major role that shouldn't treat like a simple issue for it is a big matter in one country. That's why needs approval.

after approval that means somehow we could use bitcoin as transaction item which is would increasing the demand of bitcoin and it will make bitcoin more liquid and the problem like in korea where people hard to disburst their money into fiat would be no nore a problem. Goverment approval is like support from them to the community so i do think its really usefull and we do need it in every country.

I think it's not very important, approved or not, in fact people can still use bitcoin in their lives. Although bitcoin is strictly prohibited, we can still use bitcoin in cyberspace.

As we all know that Bitcoin is based on blockchain technology which relies on the principle of decentralization that means any centralised authority cannot control or regulate it. However, when you are doing something on a commercial level you have to apply for the legal permission of the government to carry any business activity like running an exchange where the sum of money in terms of Fiat currency is being used. You can still use Bitcoin or any other cryptocurrency on an individual level as far as you are not doing anything illegal but when it comes to the business, you have to follow the certain guidelines and inform your financial details to the government.

A legal status would make it easier for everyone to use Bitcoin and other cryptocurrencies, it will also eliminate the volume of users involved in the parallel economy.

Exactly, this kind of approval will attract more investors because they believe that their own government support this technology. We really need this around the world so investors will confidently come without any hesitation.

Well, we all have different views regarding on legalization of cryptocurrency but I really think we need this so we can be sure the security of our money online.

Governments realized now that bitcoin has a capacity to do transactions with less fees. It is also anonymous that is why they are alarmed that this may be use for unusual things. I also agree that they tend to add some tax if they will legalize bitcoin in different countries. Though, there is a little hope in me that somehow they will lessen the tax to the crypto users and crypto traders.

Actually using bitcoin has a freedom,and i dont know why some country was banning its,im not sure ,its because of they will have competing in the collecting tax,because bitcoin has no owner only the people who are using it has only power to control it.

I also believe that the approval of bitcoin in one's country makes bitcoin legal. Thus, many will patronize the bitcoin as a another form of currency with confidence that the government is not against with bitcoin but is in support on it. The approval can be the first step to create rules and regulations regarding bitcoin to earn more reliance/confidence and entice new batch of investor to enter in the world of crypto.

Well bitcoin may not be required for approval but it entails a lot of implications to it. If a country accepts the utlization and legalization of bitcoin, investors would consider investing on the said cryptocurrency, thus increasing its price on the market. Just to give you an example, when China announced that they will be prohibiting the creation of ICOs due to a number of abusers and scammers, the price of a bitcoin significantly dropped. Another example, when Japan mentioned in the media that they will be supporting bitcoin and its platforms as a form of alternative payment/currency, the price slowly regained its value.

Link: https://www.cnbc.com/2017/09/29/bitcoin-exchanges-officially-recognized-by-japan.html


I disagree. With the recent approval of countries of the utlization of bitcoin, it definitely has an impact regarding its price on the market- which attract new investors and retain old ones.

Bitcoin does not require any approval from anyone but it's buy/sell with fiat does.

And yeah to buy regular things with Bitcoin, particular country needs to declare it as legal tender.

Crypto currency, as the name implies, claims the role of money in the state where it is used. Any state has the right on its territory to determine what kinds of money can go in the country and establish the conditions for their circulation. So, the state can recognize in the adopted law or another by-law any currency of any state is illegal and establish responsibility for violation of such prohibition, even criminal. So, the US president Trump recently issued a decree prohibiting citizens from using the Venezuelan cryptsplit of El Petro.
Before the legalization or prohibition of circulation of crypto currency, citizens can use it, however, in the event of various legal issues, it will be very difficult to prove anything in court precisely because the issue of its circulation in the country is not regulated at the legislative level. The process of legalization of the crypto currency, that is, the determination of its status, the conditions of circulation and, in most cases, the introduction of taxation, is called the process of legalization of the crypto currency. Such a process is necessary in any country for the further development of the crypto currency.

although we really need the legalization of the government, so bitcoin can move freely and growth can be faster, but actually although the legalization and approval is not present though, bitcoin still can be used right ?
in essence the approval will only make bitcoin growing better and faster growth

Nothing is required to be approved other than Bitcoin functioning as currency and proving such. As to what happens after approval, we will see in the coming days here whether this sparks a bullish fever or we keep the status quo. One thing is likely to be true though and that is one country claiming Bitcoin as legal tender won't make the difference. If the G7 nations came out today and said they would all make Bitcoin legal tender, well then damn I would snap up as much Bitcoin as my bank account could buy because you know it would likely moon after that announcement.

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.

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

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.

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.

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.

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.

yes it is. Aside from that ir cannot be also used locally when there is no proper approval to it, and the worst case is that you will be considered as illegal, aside also from the risks and for being decentralized. personally i don't really think that it needs approval since it is decentralized, from that point further reasons will only be owed by the government i guess.

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.

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.

The cryptocurrency doesn't need to approve anywhere is A worldwide cryptocurrency you can use it anywhere, any time.

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.

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.

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.

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!

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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 is called as currency and can be called as an eye must be recognition by certain countries for example germany

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.

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.

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. 
 

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.

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.

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

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.

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.

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.

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.

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.

That is right, despite the fact that bitcoin is anonymous in its nature and decentralized still we have to seek for the support from our government since they know best for us and it is for our protection from scammers as well.

Bitcoin does not require approval from countries in order to work. Bitcoin is decentralised and can't be blocked thus anyone can use it wherever possible. It would be wise to use VPN in order to hide your IP while broadcasting transaction. Approval is needed to attract more investors. They don't want Bitcoin to be banned, they would lose money.

If investors require the approval and regulations of the government to invest then they are not the investors we are looking for, they are only looking to make profits, even if many people here want the same we also believe in bitcoin and its potential to change the world, while those that are asking for regulations do not really understand what bitcoin stands for.

In my opinion, BTC doesn't need an approval from its country. Transactions are made online and it is a decentralized digital coin. But there are also countries banned BTC maybe they want to have regularization for security purposes.

Bitcoin is a decentralized digital coin its not yet regulated from any government. No approval must required it is an online transactions. If their is a regulations from the government that's the time investors must follow rules for implementation.

Every country is trying to see if there is any economic damage to be done to their economy when they approve cryptocurrency in their  various countries. If after consultation and there is no real harm to be done to their national economy that country will approve the use of crypto in the space. Bitcoin will now experience wider usage in Germany.

Frankly, bitcoin dont need approval from government. But merchant need regulation that allowing accept bitcoin for payment. Bitcoin is decentralized system and doesnt need government approval bitcoin transaction

Not for me but the big investors and business man concerned this side because they are noticing that if the country allow crypto then they will invest risk freely and then they can not be blame for any illegality of this currency.

you're totally right, crypto world could not grow at the maximum without acceptance of institutions and countries. These are the kheys for global investment from banks and public.

The largest or smallest amount is invested in middle class and richer people in bitcoin. In countries where it is banned, the people of the country will be greatly affected. So the country's approval is necessary. If bitcoin is needed, it is not necessary, but people who depend on it.

Bitcoin is future digital currency. So it any where to use. Bitcoin is avoid the scam. It help to people growth and country growth. It need for the bitcoin information check the market place and coin disk. It reach the all country people. So it help to all country business. So people easy to get the more job and more information.

By approving bitcoin, it's only legalizing its use in the payment system, but in the other hand bitcoin doesn't need legalization for someone to use it.

2 different option why we should totally operate bitcoin in our respective country first; government noticed that there is bitcoin operated but they didn't conduct totally ban and people freeway to use unless they commit crimes or taking money from investor with no returns of investment that's not really good. second; government required approval before they use Bitcoin for the purpose of deductible taxes generated income from bitcoin for every transaction.

If you use bitcoin only personally, for yourself, I don't think that you need any official approval from your country, government etc.
Just buy bitcoin and enjoy profit.
Nobody can control you.
When you need some funds, exchange to fiat and withdraw.
If you wants to start some business with bitcoin, than it's completely different matter.
For business you have to follow all laws and regulation and pay taxes.

In my country, you can buy Bitcoin or any cryptocurrency, its not illegal but govt doesn't support it. Its all on your own risk. And now govt is pulling  anking support from the exchanges, so no fiat to crypto trading. But still, Bitcoin is not illegal in my country.

If the currency will support the state there will be more investors.  The trust of citizens to this crypto currency will appear.

Because the approval of bitcoin is pursued by a number of rules under which the government can fully control this cryptocurrency. Without this, it remains outside the law and through it it is possible to do various illegal cases without paying taxes.

Bitcoin does not really need of an approval of the government because bitcoin is autonomous in nature meaning independent, sovereign, free, unmonitored.

Indeed, transaction using bitcoin for payment in merchant need government regulation. Beside that, with more bigger bitcoin transaction in market, government want to collect tax from that transaction and to collect taxes, government should make regulation on bitcoin trading

that is right. bitcoin does not needs aproval because it is only built online without anyone controlling it. though some countries are strict when it come to new technology that they are not really familliar with. the government of a certain country can still set a rule or a law because they do still control their country. other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it.  they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives no more.

I think legal bitcoin anywhere as long as there is internet connection only, the government is just watching and can not do much

It's only depends on market

Bitcoin needs the legitimacy of nations to bring the unification of electronic money
Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend.

Do you live depends fully on crypto without Fiat intervention at all? How can you access the internet? Do you have direct transmitter to a satellite? Does the electricity you’re using come from a private power plant? Does the police won’t know all the things you do in your home? So why do Bitcoin need approval from countries?

approval may be for the ICO`s or whoever wants to accept payments with btc can use it in their business model without seeking legal attention from the representatives of the finance/ 

This is only for the good of the people living in that country like here in the PHilippines where local exchange had given license to operate exchanges from fiat to crypto. And in the process KYC is needed in order to trace those people that might use cryptocurrency as their means on illegal transactions. The higher the amount it involves the higher standards of KYC will also involve. You could not get your money unless you obey the rules and regulations.

bitcoin already feels comfortable to the holder and does not require approval from each country, if the state is able to give approval to bitcoin of course every user will be burdened because the government will definitely limit every transaction that happened from each user

Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend. Other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it.  they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives and more. Bitcoin of course every user will be burdened because the government will definitely limit every transaction that happened from each user.

If Bitcoin can be further developed, it is free to fly in this market across the country.

bitcoin is available everywhere. counties' approval just means they are legalizing the use the bitcoin in the state and accepts merchants.

Yeah I agree with you. There is no need for some approval for you to do cryptocurrency or bitcoin. If you have the capability to do it, then no one can stop you. Maybe there are some countries who are announcing that crypto is supported by their government but it doesn't mean that the government approved it, they just make it legal and support it in all aspect.

With Bitcoin accepted means the governments showing support to Bitcoin no matter the amount and it can stimulate the market, which means this s a fresh air for investors. Rejection also has an impact, the price can fall immediately if the country of where the investors live or the facilities used by the investors suddenly reject Bitcoin. Many countries haven’t decided yet, they’re still in the gray zone or reject based on the Law that prohibit it, but it’s still gray in my opinion because it doesn’t discuss in detail about the prohibition against Bitcoin.

Its because bitcoin is not regulated. For bitcoin to operate on such a country, it needs approval. There are several countries that approves bitcoin, like japan. We see that japan is a rich country, and a open minded countrymen. They see bitcoin as a help for their country economy, and because of that, their country is becoming more richer and advance in technology. If other country see its good side like japan did, i think that the other countries will be successful too.

Well, when it is approved in a particular country means that bitcoin was became legal. The government will accepted or approved it because I know that  they can see an opportunity with it and maybe they want also bitcoin as their part of their currency.

approval and acknowledgment of the government will be very important in developing Bitcoin and if it is true that the government supports the circulation of bitcoin then it will greatly provide a positive value for bitcoin and other cryptocurrencies. It must be admitted that crypto must get support from the government because it can make more people use crypto, especially in the future when the era of technology is getting more sophisticated.

Countries' approval are not for the accessing of bitcoin. It is for the legalization of using bitcoin in their places. We doesn't need their approval by entering the bitcoin because it is accessible by all. Also, as long as you have an internet, gadget, and an account in here ypu can use it whenever and wherever you want. Permission from countries only makes bitcoin's usage legal.

Cryptocurrencies particularly bitcoin doesn’t need an approval as far as i know though there are some countries that recognized cryptocurrencies by the government and to let all the countrymen know the cryptos are existed jist like spreading the news to all. But with or without the approval by the government, bitcoin can be invested as long as the government of such country didn’t banned or made it illegal.

Some countries are afraid of Bitcoin due to fear of crushing their fiat system. Most of the countries who banned Bitcoin are those countries who are having difficulties in their monetary system.

I think approval means accepting the digital currency to be used in one country. It needs the approval to make sure that it works legally on one country and users can used it comfortably without hesitations that the government think to have illegal transactions why earning a big amount and used different currency which is unknown in the market.

By approval they mean that legislation was made in regards to crypto currencies. While Bitcoin is a decentralized currency which means that it doesn't needs the approval of any country but the approval is needed by enterprises so that they could create services in the crypto industry fear free.

Bitcoin or altcoin need to be approved by countries and communities. All transactions require the consent of the manager! Agree to ensure a social development!

States do not approve bitcoin, but legalize it, that is, make it legal. This includes determining the legal status of bitcoin, the conditions for its circulation within the country and the establishment of taxation. It is necessary that certain state bodies, including courts, tax authorities, banks and other institutions and organizations that use bitcoin in their activities, can act not at their own risk and risk, but in accordance with laws and other by-laws.

This is necessary because the Crypto-currency with its decentralized system allows you to get rid of the dictates of government rules and restrictions. although in fact, bitcoin was created not for the purpose of competition, but for the purpose of improvement. but the government prefers to limit the use of crypto-currency from a lack of understanding of the subtleties of the technical process, and in some countries it is generally prohibited.

Well done Germans for the approve of Bitcoin in their country, other countries should humbly remove their pride and approve Bitcoin in their country.

In my opinion, the countries ( governments ) are who control the financial of transaction through the FIAT ( like, Euro, Dollars, Yen..), Unfortunately, there is always a large value of taxes  and  this is certainly an exploitation of users, that's why many people choose Bitcoin and cryptocurrencies in general, because that era has many characteristics, and due the governments cannot control the transaction of digital currencies and they cannot even benefit from them, so their only way for them is the non-recognition  of crytocurrencies through collective ban by the social media ( Facebook, Twitter .. ) and their bad attempts in order to destroy Bitcoin.
Plus, I expect that in the near there will be a total recognition of Bitcoin  as a legal currency in the majority of countries, and what that will be achieved , then it is sure that the era of cryptocurrency will develop in a good way.

I think bitcoin needs state approval because bitcoin transactions are difficult to control because system Peer-to-Peer, so every country needs to make agreements and rules on bitcoin so as not to be used for crime by the rule and legalization of individual countries people will be more confident and dare to use bitcoin.

At present, the implementation of Bitcoin approval by many countries has been completed and many countries are seriously studying Bitcoin and cryptocurrency. I believe the growth potential of BTC and cryptocurrency will be good as more and more countries adopt and use it.

bitcoin does not require approval, because bitcoin is not real bitcoin is virtual, bitcoin can be used anywhere from internet network

Bitcoin is not acceptable all over the world. In some countries, it is illegal because government is more concourse about bank and they are worried about it.

Bitcoin is an online currency and it is not that trustworthy like the fiat which have an origin of which country it came from and there is a government supporting it but the bitcoin is just an online thing and it requires approval so it can regulated by a particular country so it will be safer for the other people to use it in terms of transaction and so on.

nobody needs approval in order to utilize bitcoin. just an internet connection and a device.when bitcoin is not approved in a countries that just simply means no sevices shall be given in exhcange of bitcoin or no legal merchants of bitcoin will be allowed

Bitcoin needs the legitimacy of nations to bring the unification of electronic money
Most countries have realized that increasing demand for electronic money and acceptance of bitcoin in some countries will lead to more countries adopting bitcoin as it is a new development trend. There are some countries are strict when it come to new technology that they are not really familliar with. the government of a certain country can still set a rule or a law because they do still control their country. other reason is that they are anti bitcoin because they cant totally put a tax or any other charges thru it.  they are arfaid because if more people can recognized bitcoin , sooner or later all people will now use it and the fiat will be totally forgotten . which means they cannot earn an incentives no more.

This is their biggest fear if bitcoin were to remain at its current size governments around the world will not care too much about bitcoin, but they are seeing the potential it could grow to be one of the biggest currencies around the world and they do not like it, since the tight control they have over their populations will disappear and as a result they will lose a lot of power.

Every government has full record of investment and sources in its country. For free flow business Bitcoin needs approval. By this government can stop to use it in illegal activities.

this legalization is for you can use it like fiat currency. Seller can sell with bitcoin, buyer can buy with bitcoin.

Bitcoin relatively puts a new spin on existing technology.
The blockchain is simple, yet so complex. It works!
Most Countries rely on their current means of laws, and policies in order to function successfully.
    What Blockchain did was disrupt the financial sector, so much so, that it has opened up people's eyes to the benefits the blockchain is capable of.
   The safest measure for a country to approach the use of Bitcoin, would be to approach it with caution, maybe even suffocate it enough to control it from spreading, until they can come up with a good solution that almost appeases everyone.
   Think of the Y2K bug everyone was so worked up about. It was supposedly a real disruptor to all things digital, like stored records, money, data, etc.
   Bitcoin approvals should mean good news. It means it has survived the scrutiny of critics, possibly gaining favor in their eye. If parliament is considering leniency towards crypto use, is this not a good thing? Maybe...

Talking about bitcoin being approved is good news. I know now that bitcoin will be legal in their country now. This good news can make the growth of the bitcoin to be increase.  With time I know bitcoin will be legal in many country.

approval should be necessary to legalize the problem let alone about this bitcoin, one should know whether bitcoin is legal or illegal in that country. and it's all to provide legal certainty

The reason for Bitcoin approval in the countries is very simple. It's about being allowed and legal. When a government of a state approves a cryptocurrency, it's legally permitted for use. Then all actions by the residents are legal and they do not have to fear about consequences or look for other solutions. Bitcoin approval gives its users the freedom to use it.

Yes u are right. I know with time the world will be making use of Cryptocurrency. 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.

BItcoin is not like fiat currencies that require approval by the law of the state before its transactions will be accepted. However, its approval will help convince all of people especially the ignorant to partake in crypto investment and its mining.

I think one country has to approve bitcoin to be used by individuals because that is the only way of accepting bitcoin as well and make a regulations for it since bitcoin is not controllable by anyone. They have to approve everything that enters in the country for them to know how safe it is ad if their people are safe to have it and do not used bitcoin for illegal things.

I don't heard any statement from any personnel of government that saying about total approval from government, but in my country bitcoin still operates without any forms of hindrances that government against for it, maybe government also look the total good contributions of bitcoin to their country that's why government gives freedom to bitcoin business.

I think bitcoin didnt need an approval for the government.because there are lot of country that didnt legalize bitcoin but still people using it like us our country philippines not yet legalize bitcoin.But it will be good if bitcoin approved to be legal.

Bitcoin can enter in each country without approval just like what happened before but in the end still bitcoin needs the approval of the government for it to last since we all need the favor of our government, at the end of the day if it has an effect already in the economy the government has the right to decide.

I think they need study for that before to approval they need to know what could be affect in thiet currency, people , businesses and also in stock market. Some country has no potential to have a crypto in thier land but some country are applicable based on t
How they live and how the country rich. They want to make a strong and reliable reason why they approve it.

if a country approves the use and storage of bitcoin by its inhabitants. then bitcoin will be used as a means of buying and selling transactions in daily life ..
and the big investors in their country do not hesitate to invest their money as much as possible

Korea has just opened its doors to the virtual currency market. That's a good news with bitcoin

because some countries dont trust bitcoin so they need to confirm it before they can approve that bitcoin is good for their country

Approval can have a good impact on Bitcoin, if there is approval, of course there will be more people who believe and no doubt about bitcoin, especially people who are in that country, so chances are bitcoin will eventually develop in that country.

For me bitcoin needs approval from countries so that our country will be secured. Like what they said now there is a chance that bitcoin can make our bank disappear and our country thinks that will be not good to as so that they did not legalized bitcoin in our country. That is my opinion correct me if I'm wrong.

Bitcoin will allow investors to use their IPs to legitimately invest in Bitcoin. However, that will come with pretty heavy taxes.

Bitcoin requires approval from countries because it has value and can affect the countries financial sector especially banking sector that already exists. Bitcoin gets resistant for some financial institution from the government institution or private institution. If a country has approval bitcoin that means bitcoin can be used in that country.

For me, to be legalize because butcoin can affect the people and the economics by earning money, and it is because bitcoin has many factors that the users will focus in bitcoin because they can earn money.

As per my opinion, if cryptocurrency is approved in a certain country, more people will have access to crypto and will be able to use crypto as a form of payment, investment or become ones asset.

All business and investment activities require governmental or regional approval. Bitcoin wants to be used as a payment medium that must be accepted!
Then, all disputes (if any) will be resolved by law!

Actually this has nothing to do with approval if you need to use bitcoin but the problem is when the government don't accept bitcoin in their country and make policy regarding this,and sometimes banning the usage this will effect on the value of the coin and the users from those countries people

Bitcoin requires approval in countries for it to be able to fly more aggressively throughout the world, there are regulations that inhibit the development of Bitcoin in some countries, people need to agree on this, bitcoin that is a decentralized currency, so that no one adjusts and controls by an organization. then bitcoin is free. The government should examine and study the impact of electronic money

Approving does not actually states that they are accepting Bitcoin as a legal tender (unless otherwise, of course). Approval is basically recognizing something and not legally as a whole. I've seen some countries approving Bitcoin but they always warn people about them. So the acceptance falls in the matter of choice. Approval might have been a vague term, perhaps they should use "partially accepting". ::)

It's strange, of course, that the countries recognize the crypto currency. So the government is not afraid of bitcoin, and does not take it seriously. And there is no need to establish unnecessary bans, because people's discontent is growing. But, I think that they are closely watching the crypt and will be banned at the slightest threat.

because its a currency and all currencies need to be legal to be able to work

With the approval of the nations, Bitcoin has acquired the necessary credibility, it will attract more investors, bitcoin that is a decentralized currency, so no one adjust and check. controlled by an organization. then bitcoin is free.

One thing we have to notice is that before the coming of bitcoin, all countries had their own medium of exchange. Government is able to control this money, impose taxes to generate revenue and so on. But when it comes to bitcoin it wont be so and no country will like to lose it revenue which might be possible if a lot of people hook on to bitcoin after it approval in a particular country.

Although "some countries don't consider bitcoin as "legal" (or illegal)," this enables law enforcement agencies of these countries to take everything related to crypto using force and get away with it just because this stuff is not regulated and, as such, these actions might not be considered as "illegal." They justify it to the media by "combating and preventing world terrorism" and "keeping their citizens safe."

Besides, every resident, in most countries I believe, MUST pay taxes on every kind of income they earn. Do you believe the gov-t is happy to lose its chance to get some additional "contributions" (taxes, fines, penalties, etc.) to the budget? I don't think so.  8)

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.

 yeah you have some point, why  bitcoin need to be ligalized of one coutry before it used in the merchant? its just because it can help also to make pupolar in other people of their  nation ,because government is also indorse the bitcoin in their countrymen once to approved base on standard compaliance in the system,

Absolutely! It's their revenue ;) Every country wants more for itself and less for its people, I guess ;)

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.

I think crypto-currencies exchanges that are planning to operate its services in that country and retails merchants which are planning to accept bitcoin as payment for their goods and services are most likely require to apply for a proper license from the authorities in that country, the purpose might be related to tax issue and also confirmation to ensure those companies are legit and real.

Of course this is a kind of money that is also used. So the government needs to know it to see if it is safe for the people. It is therefore imperative that it first go through the government's investigation before being approved.

USA is one of the most strict countries when it comes to the approval of cryptocurrencies. The reason is very simple and that is to avoid the use of system into illegal transactions that might bypass the USA rules and regulations and could not trace people who will going to involve in illegal activities and for the illegal transactions. That is why KYC is needed in all ICO projects being introduced on USA.

this just means bitcoin will can be used to buy and pay for services in the country. Crypto Merchants will be allowed to operate within the country.

Bitcoin was created to be decentralized yet needs the approval of the governments of various countries in other to make its transactions legal among the citizens of that country. This will also remove all FUD created by the fake news that might pop up along the way.

Bitcoin calls for approval from nations method it became prison to apply bitcoin for the transaction. Many humans do it privately as for his or her investment regardless of the approval or not of their international locations.

Because most of the time the national server of a country is in the hands of the  authorities in the government. That's why they could ban any site or any program they deem is violating the human rights of their constituents or something they deem is harmful for the country's well being. That's why some countries approve bitcoin first before it could operate.

Completely false, this is the problem with people they need government approval for everything, just look at all the warnings that a plastic bag contains as if that will somehow stop all of those people that are dumb enough to put it in their heads, 99% of the population does not need those warnings and we do not need approval from the government to use bitcoin since we know why we decided to adopt it.

Because we are too nice. Crypto doesn't need approval and this is what showed me how much power government thinks they actually have. It's something completely anonymous and untraceable, so even if it's illegal how would they be able to persecute a bunch of unknowns?

I think it was not asking about the approval of any country ,its was being popular because of its characteristic ,like its has a good quality and you can use it as an alternative bank,and most of all you can earn trough investing on it.

Countries approve bitcoin or crypto currency in general to be legalized in their country and they want also to regulate the usage of it to ensure that their citizen who invest may not put risk on their investment. that is why most countries require KYC to ensure that bitcoin or crypto coins will not be used  for money laundering and other illegal business.

Yep, they are all feeling fear about their own economy. All the countries want to claim their bitcoin and crypto world, but they don't know how to do it to get some profit from it. So they are doing that very carefully.

In other countries, bitcoin need the approval to make it legalized and it can use as an alternative currency in a different country.

of course. because the goal in creating bitcoin is to become digital money for the world community. therefore it must be with the consent of the state. because the bitcoin world is a newcomer. and something new must ask for approval .

I think all countries requires need approval for legalized purposes that every country will be earned paying permit before operation starting but mostly of the countries denied to approved clearly because of a team will not  be united.

Approval of Bitcoin is not required. It only shows that Bitcoin is trusted and there is nothing bad in spending/using/earning Bitcoin. Not approving Bitcoin can give people doubts because the government don't trust on it.

Here Approval in the context of the countries means their acceptance for the bitcoin and giving a part to the same in their national economy. They may be talking about legalizing the digital market so that the residents of the country can use the same, hold the coins, invest and trade, etc. openly with fewer restrictions. Also it may mean imposition of rules and regulations because of the creation of a rational and controlled market. It may further imply imposition a taxation regime for the crypto market, so that bitcoin income of the people does not escape from the government purview.

I think government officials of some country knows that it can help their economy, but because some of them are owner or having an investments using fiat money, i think that they scared because bitcoin is threat to their fiat investments, so that they wont approved using of crypto in their country. The most promising country in terms of using bitcoin is japan, because their government see bitcoin as a help to their country economy, and as what we can see, their country are becoming more richer.

actually bitcoin does not require approval from the state, as long as there is internet connection we are free to use it, the approval of the state just to make bitcoin more official for use and can be made for the means of payment or buying and selling of goods using bitcoin.

Are you sure that Germany has recently approved the bitcoin? If this is the real news, it will bring a super bull market, and Europe will always be the center of the blockchain.

Probably because bitcoin is a digital currency that can not be set by any country so bitcoin must have permission by any country that wants to use bitcoin, and if bitcoin does not have permission by the state maybe bitcoin will be an illegal transaction so bitcoin must have permission by all countries

Most likely barriers that BTC will face in certain countries is either the local currency feels threatened or they are worried about their citizens being scammed.
Nothing happens over night and fiat for example is taken very seriously.

I do not think bitcoin should get approval from every country, because not all countries agree on the existence of bitcoin. This can limit the bitcoin space, since bitcoins are controlled by the state. The positive impact of the approval of various countries that bitcoin prices are more stable and can be directly used for trading in all countries. Certainly the development of bitcoin is also influenced by every country.

bitcoin is not physical assets  or physical form of currency bitcoin is  digital form of currency important nobody can trace bitcoin  send to whom importantly thats why exchanges ask the kyc to upload it to identify the customers  countries also need some approval some rules to exchange use it else  people hack or scam the innocent people by running ponzi schemes and chain networking mlm  so its fair to avoid such types of things  countries need to approval of bitcoin so they regulate to avoid bad things

You dont need approval to use bitcoin, Approval is just a part of embracing the bitcoin technology in different countries, there are so many countries are adopted this technology to use in their country and some did not those country who did not approved to use bitcoin already banned bitcoin to their country.

That is not the reason, governments are not doing this to protect the general public and their money, that is what they want you to believe, they are doing this so they can slow down and if possible to stop the adoption of cryptocurrencies, if it reaches a particular level people will be able to store their wealth in a place they cannot reach, something they do not want especially when a new economic crisis appears and they have no option but to tax your wealth.

As many countries have already approved the bitcoin in there is being legalized but whenever some new thing must be launched anywhere in the world the company would have to take the approval from the state so that the state have its own rules and regulation.Whereas the bitcoin is the digital currency so it might cause the damage to their national currency or effect the economy of that particular state so its very important to take the approval for that.

Bitcoin requires to be approved because it is very complex thing that need a time and effort to be better or improve. If the government approve it then it can also be a stepping stone to bitcoin and also some shops may accept bitcoin because it is being accepted by the government.

I think Bitcoin does not need requires approval from countries, Bitcoin has always been widely used and just need an internet connection. Maybe the government wants to make more taxes, so they have banned Bitcoin, and now Bitcoin needs to require approval from countries

I think this is a ridiculous thing. In the years 2009-2016, the government did not interfere with blockchain technology. Since the bitcoin price increased to $ 20,000 and after that Bitcoin has been banned in many countries

The approval is necessary in order to give a start to the legal regime of crypto currency. After it is approved, many businessmen will use those technologies that give crypto currency. Germany in this regard is very punctual. In this I like this country.

  Bitcoin is a digital and decentralized in nature some undeveloped countries do not like Bitcoin and developed countries that are  highly developed in technology approves Bitcoin .If we use Bitcoin personally I don't think that there requires any approval from any country or officials we can just buy Bitcoin and enjoy profit from it. If you need any cash or fund exchange the Bitcoin to fiat currency and if you need to start  any  business you should abide the rules and have to pay tax .

Others countries are approved of bitcoin but there's some countries are didn't accept bitcoin because they afraid that they can't control bitcoin. Approval of bitcoin to every countries is really good because they can easily process their bitcoin to any banks that no worried and also you get your profit.

Doest it really matter or affect something? Who cares i guess...

Every country has its own laws regarding currencies allowed to protect its citizens. Thus , you will find different rules everywhere.

Without the support of every country, these countries will crack down on and prohibit the trading of BTC, which of course will cause the price of BTC to fall.

The government don't usually get in the way of you making money online. But when something goes in the millions of dollars worth then they take notice and take action. They also take notice when people complain about scams. On one end, they just want to protect their citizens from scams. On the other, they want their share through taxes.

Bitcoin is currency and i dont understand whats that needed an approval?

Governments having policies regarding cryptocurrency because of many issues about scamming,laundering and illegal activities that involving crypto specially bitcoin. Thats why they need approval,but this coin can be used if you have internet and gadget ,they can only banned this if they cut the internet of that country

Simple, because they want to become safe their country and they will secure it. Some countries against bitcoin because of some countries against also, they have a negative thoughts because of some countries that against to bitcoin. Also they want to know if it can help the country's economy.

germany is developed country and they know how to develop their country in many unique resourse,that why they approved

Because bitcoin is not a controlled currency that can be used in criminal cases. It can not be monitored by special services and bitcoin does not pay taxes, so countries are asked to legalize the currency.

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. then the bitcoin is free. The government should examine the effects of cybercurrencies on an agreement that is used in the country for transactions and make rules for bitcoins make progress and benefit the country.

I do not understand why governments are so eager to control the cryptocurrency. I think that this is the fear of the government and control of citizens' incomes. But people will still find a way to gain access to cryptocurrencies with the approval of the government or without it.

But there are so manu governemnt invoking unfair restrictions on using cryptocurrency even when the advantages of using them are huge

Countries giving approval for bitcoin use simply means there are no legal restrictions to the use of bitcoin either as a means of payment or as an asset class.They can access banking facilities with ease

That is also true, the presence of regulation invariably provide a legal frame work or guidelines that help protect the citizenry from unwholesome practices and scam projects.

Approval of bitcoin by countries is necessary so that it can be used as a mode of payment in these countries. As this happens demand for bitcoin and its adoption increases.

They need to approve bitcoin in order to use it as a mode of payment in their country and to make it legal. When this is already happened bitcoin demand will increase and they can receive a big profit later

This is not approval. This is the so-called process of legalization and regulation of bitcoin. It is necessary in any state to officially fix its legal status in any normative legal acts, to determine the basic conditions and rules for its circulation in the country, and also to determine with taxation. Without this, the state bodies, courts and other institutions will not know how to treat it.

If one nation approved. It means it is the way to become legally use for their citizens.
It means you can use bitcoin to their country with no hesitation or freely.
You can use it whatever and whenever you want.

Actually, there are a lot of countries that are against bitcoin and there are others who are considering to block or ban bitcoin in their jurisdiction, that is the reason of why there are a lot of countries thinking about this, because it is not healthy to their economy

I think, this will depend on the rules or norms of the country. Some country allows bitcoin and some are not because they dont know yet this type of coins. For example, some country not allowing this because it may affect their beliefs on how the rulling of their religion takes place to it.

Oh that is because the country has a rule to follow set by the government, if there are no law about bitcoin in country then it might not be illegal yet or the government is either researching the uses of it to benefit the country or the do not care at all
So the thing is, there is always a government intervention when the concern is a country. The government decides for the sake of their own country thus bitcoin needs approval from the gov

Bitcoin only needs approval from its users. Once you are a holder of bitcoin, it behoves you to spread the good news about bitcoin. You should be able to explain bitcoin in simple terms to anyone at all. This is the best and only approval bitcoin needs. Governments may not openly support this groundbreaking technology because it seemingly gives too mush power to the people.

   Bitcoin is a decentralized digital currency that no single authority controlled it that's why it doesn't need an approval to use it from a country. Those country that needs approval are the countries that makes bitcoin legal and their country regulate it. They have the rules to follow regarding bitcoin and they are obliged to pay taxes.

There are some countries that did not require the approval of their authority for the use of bitcoin and other cryptocurrency like here in my country. Presently, my government has not yet approve the use of bitcoin in any transactions but it did not restrict its citizens to use cryptoctocurrencies in their transactions. The central bank approved the use of bitcoin in the remittance only but they are studying the possibility of legalizing it someday. They are already giving licenses for the qualified cryptocurrency exchanges in this country so the next step would be the regulation or the legalization.

Bitcoin doesn't need approval from any cental authority for it to be used. Instead having the government trying to exert a level of control over bitcoin will lead to it being regulated in some way.

Because you are in your country and must follow the regulations there. The government may doesn't allow bitcoin but they cannot fully ban it.
You still can own bitcoin by mining it directly to your wallet. The approval of government only allow you to buy and sell bitcoin in your country freely.

The government don't usually get in the way of you making money online. But when something goes in the millions of dollars worth then they take notice and take action. It can not be monitored by special services and bitcoin does not pay taxes, so countries are asked to legalize the currency.

I think bitcoin is not required approval by a government order to use it. But it will be goood if the government will legallize bitcoin

Because it is a virtual CURRENCY.
To be accepted to use for trading and accepted to deposit money from your bank accounts into those bitcoin exchanges, the governments need to know the purpose or benefits of having that currency. If it is harmful, they wont allow anything.

to registered in the country to use people bitcoin.

No not totally need some approval. Every country and everyone of us can do cryptocurrency even if it is not approved by our government. Maybe some of the country are doing that for the formality purposes and in order for them to support by their own government. Yes it is better if the crypto are supported and regulated by the country but if it is not, then you can still do it without any permission or approval.

It doesn't really need any approval it's already been used in many country even though they didn't sign or approve, they just approve it to legally used it for merchant 

Bitcoin in most countries are considered to be digital asset which is mostly monitored and controlled by the SEC. This is to protect private and corporate investors and also monitor money laundering and various complexities with taxation laws of the particular countries such as VAT, CIT and WHT. It's a complex issue than you might think !!

I think because the Bitcoin has value selling is very high so that people who follow the business was, of course, the result is incredible. And why there should be a permission from the Government because they wanted any income must pay taxes. Whereas during this income from taxable Government yet Bitcoin.

After an approval from a country of course people can freely use bitcoin locally. BTC actually doesn't required approval to be used anywhere.

Actually, Bitcoin does not need approval. The problem with countries is that they want to control everything. They want to regulate everything. Freedom, in this sense, is something that may be allowed but falls well within their authority and control. Of course, they need to do that since they are the caretaker of the country and its people. However, they oftentimes go aboveboard.

Hi there BTC.Turtle! The approval is not actually, an approval to use bitcoin in that country. It is an acknowledgment that there are people in that country that could use, mine, trade bitcoins. If you have heard about sanction, that is the opposite of that. The government could issue a sanction to a specific item product it could even be a flower or toothpick. That sanction is a ban in order to protect their citizens from untorrow incident or bad situation. The government of Germany, sees that bitcoin could use a form of currency which then be used as a payment for a product or service.

Approval also means accepting. It is really important that a certain country will give approval before using bitcoin so that later they won't became angry with Bitcoin. Like Germany, they approved Bitcoin, it simply means that Germans can use Bitcoins in every transactions such as purchasing and as payment without the hesitation that bitcoin will be banned since their country approved Bitcoin. On the other hand, if a country doesn't approved Bitcoin yet there's a possibility that Bitcoin will be no longer acceptable in that country. Better to know it early.

It is mandatory to be because the country needs don't approves bitcoin as a currency will not allow people to use it on the governmental level to pay for a medicine services, to pay insurances and etc.

Merchants accept it as a payment method. For example, Germany allows ATMs to be set up, so this news may be a step towards allowing them. Bitcoin turns out to be a brand called fiat or usually an electronic currency, which we all recognize. It's all about country control talking about bitcoin that often becomes its very own issue.

Bitcoin requires approval from countries because they think that bitcoin can make their country dizzy. Actually they need approval because there is a chance that bitcoin can make their bank disappear so government will blame if it happen without their knows.

bitcoin does not currently have a corporation or institution sheltering, but bitcoin is now a threat to money in the country. that is why bitcoin should get approval and learning first from the country of the country to be addressed. it aims to provide a rule for bitcoin so bitcoin can be used and used properly.

This is because governments have to protect their own currency. Thus, they have to make laws for other payment options like Crypto.

Of course it is needed to have approval to be legalize in the country. One of the major problems of bitcoin is its acceptance by the government itself. Being a threat to the economy and currency of the country and also involving in illegal or illicit activities and fraudulent acts. Once approved it means the coubtry accepts the use of cryptocurrency or bitcoin on the daily activities of its people. That it can be used for exchanging with other people.

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.

Approval means legitimacy. Most people don’t want to invest in something that is not government-regulated. Consumers want protection from scammers. Some forward-thinking government has already started legislation to regulate cryptocurrency, more to follow.

Because they are noticing that if the country allow crypto then they will invest risk freely, but we use Bitcoin personally I don't think that there requires any approval from any country or officials we can just buy Bitcoin and enjoy profit from him.

Because they want to know and secure if bitcoin is Legal. For me all countries needs this kind of restriction especially for this kind of Altcoin or Payment method where sure money is involved

Bitcoin actually does not require approval of any country. The 'approval' means that Bitcoin is legal in that country so that people know that they can freely use it. Those approvals exist because some countries make Bitcoin illegal so countries that have nothing against it announce that they approve Bitcoin as a currency.

Well technically,  bitcoin do not need approval for the countries' government. It is just that,  if they stated that they have approved bitcoin,  it just means that, the specific country have accepted bitcoin and acknowledge it as a legitimate cryptocurrency. What does it can do for bitcoin?  Well,  acknowledging bitcoin is like an advertisement of bitcoin to that country.  It they accept bitcoin or approve it,  it open doors for opportunities.

To be honest, I think it is best if Bitcoin is approved by the government, but it is not a necessity. There are countries that doesn't have clear status on Bitcoin if illegal or legal but then a lot of their people are using it and into it. It is something that adds trust and confidence of people that Bitcoin is something that they can do especially since it involves money and investments. And for those who ban it in their countries, they should know the reasons why their government did it, so at least they will understand why they need to follow such law or regulations.

Actually bitcoin not in need for country approval to be adapted worldwide and i don't think current regimes will allow bitcoin or altcoins to be fully approved for an official use because of wealth share redistribution through coins blockchain again with scenario of banks collapse .

I think the government's approval is necessary for the convenience of the users and also the security of the state if at times there are undesirable things and can make the right price when the agreement is done

    Since people dare to take risk, people needs Bitcoin to be approved by the government . Bitcoin is a digital and decentralized one and there is no third party involvement . The legality of Bitcoin varies from country to country and I don't think that Bitcoin will be totally banned .Bitcoin is said to be illegal in countries where technology is not developed much .Majority of the countries do not ban Bitcoin transaction and has legally approved. Since Bitcoin transaction is done without a third party or government the consumers are scared because of scams also.

Well it's not really a must to get approval from the country, since even without the approval bitcoin still can operates.
But good things will happen better if the country support and accept bitcoin, at least they may do some things that will give benefit to bitcoin, introducing bitcoin to more people and get it more well known.
We can also access bitcoin freely and even enchance the probability for us to have many places to use our bitcoin to transact, and others.
And it will also remove the bad impression of bitcoin being illegal, bad and others if the government choose to accept and support it.

bitcoin need approval because of peoples can invest confidently, if government can't approve then also people can use this cryptocurrency and if they have internet connections but this currency have bright future still how much investors taking interest in this currency if this currency get approval then what happen so every country Should accept it and make their economy strong.

Obviously bitcoin requires revenue from countries around the world because bitcoin has the purpose to become a legitimate currency recognized throughout the country. Bitcoin wants more open accepted wide society as a means of payment. When all countries have received bitcoin, the easier bitcoin step becomes the legitimate currency. But the amount of bitcoin is still limited this course can inhibit the wheel transaction bitcoin. Preferably before bitcoin wants to be recognized all over the country then bitcoin must make repairs first.

Bitcoin requires approval from countries because it is a currency , the government  should be able to regulate the bitcoin movement , transactions , because the government does not want to be blame ,if there are instances that people wants some justice for their investment.

Because bitcoins are very volatile and bitcoins are easy to transact to the point that a lot of people are actually using bitcoins to launder money over to other people overseas without the feds or the internation police knowing it. That's why it needs approval or even regulation.

Bitcoin doesn't need any approval since it can be used from anywhere and anyone can use it but country does make laws regarding it so that it can not be used for illegal things and they try to control bitcoin by making laws and some countries try to ban because they think that it will affect their economy or they think that it will be out of their control.

Because if a country approves or all it's country to use bitcoin then the people in country will be more free and free to use bitcoin in everyday life,bitcoin can be directly used without having to exchange it first in to the country's currency.And it will probably make people more comfortable in using bitcoin.

Bitcoin is not required for approval of any country but most of the countries banned cryptocurrency that's why Bitcoin is not approved by these countries like China America it is a sad story hope you understand what I am trying to say thank you

Until the time of investment approval, bitcoin may be considered illegal in the country and it has been probably prohibited by the government of the country. The approval is therefore to let people know that they can deal freely in bitcoin and it may come with some guidelines, rules and regulations.

Because under their laws, bitcoin can be obsolete if they start putting people in jail because they are using bitcoin, just like it happened on other countries. That is why i do not want to see bitcoin regulated, at least, in where i live

Exactly, bitcoin cannot be used in some other countries because of that, before a country takes in some business especially when it comes to currency, the first thing that they will do is study and put some regulations from it, approval is the word for successful usage of the said currency.

Bitcoin doesn't require approval from every country, but many people appreciate the legislation in their own country and invest more comfortably in bitcoin, which has been approved by the country. In terms of taxation issues, there is a very important problem for people.

Approval of bitcoin by other countries means making it legal to use in their nation. But technically speaking, bitcoin can be use anywhere anytime by anyone with or without approval of their country.

the possibility of approval is done because the government wants to use the economic system with bitcoin because we know bitcoin is a currency that uses advancement of time and technology

Bitcoin need an approval to the countries because this is part of the changes and acceptance are also needed, if one country has a changes then they need to make the government rules and regulation so that people will prevent the unnecessary action.

I think the approval to other country means its validity and regularization, for Bitcoin to be legalize, it should be studied by the country who will accept it as one of their currency, some countries are adapting bitcoin and accepting it as payments there are also some that prohibited it.

 the governments have record of investment and sources of their countries and in order to business operate with btc or coins their approval is needed  By doing this government can stop or reasonate btc with illegal activities.

It doesnt truly require any endorsement or be sanctioned for individuals from a particular nation have the capacity to utilize bitcoin and even a nation restricted its utilization individuals can at present utilize it however the issue is individuals cannot exchange it for nearby money or utilize it for installment. After an endorsement from a nation obviously individuals can unreservedly utilize bitcoin locally and trade it for fiat without stressing that you are completing an unlawful movement.

There are more people out there wishing to invest in Bitcoin but live in fear, uncertainty and doubts about Bitcoin due to the frequent attacks coming from the banks and governments. Once Bitcoin is approved in a country, a lot of investors in that country calm down and are able to invest under no tension and pressure.

Approving bitcoin in any country to my understanding simply means that bitcoin can be used as means of payment and transactions as well, some times it might not be accepted generally. When a country is not accepting bitcoin you can trade it online but you can't exchange it with the country fiat currency so automatically it become useless to the owner.

Why bitcoin requires for approval from countries? Maybe because its just like you are oppening an business you have to get an permit or permision for oppening an business.

If a currency be approved in a country This means that it will enter the list of currencies allowed to be dealt with...about the use of bitcoin is legal once you are connected in the network

i think the official approval gives people the confidence to invest, it show them that crypto is "official" and government approval gives a sense of security.

I think it will took so long if that happens as what you have said approval for the successful usage of currency in bitcoin besides other countries don`t consider bitcoin its because it is illegal and prohibited by the government laws also.

btc don't really need any approval they just approve it just to recognize it or make it more legally

It really requires to approved bitcoin by the govermment to be legalized, because there is some transaction that needs the government to know and I think there is so much opportunities to be planned if the approval is done. Nevertheless, it is really good if bitcoin can be recognized it can be used legal and freely just like other currency all over the world.

Bitcoin requires approval from the state as it will make it widely and strongly invested. As such, it will achieve certain stability and value as a currency. People will switch to using Bitcoin at this time because it makes transactions faster and safer. I think governments will soon accept Bitcoin.

Bitcoin is still experiencing many fluctuations in the market. Although its potential is huge, this steady decline in prices can make it very difficult to find the source of investment and the opportunity to be seen as a currency. Therefore, Bitcoin's request for government approval is an important decision in its search for stability and sustainable development.

I think it does not have to be approval from some countries, if we use bitcoin in one country and there we get permission from that country I think we are legitimate in transacting or exchanging fiat money, but if bitcoin really want in gunaka as global currency fiat around the world, and require permission or legal approval from countries around the world, but for now for anyone who already has bitcoin does not find it difficult to use it in transactions or in trade. ;D

Bitcoin now needs a large investment to achieve the stability that is lacking, with this stability it will be seen as a currency. Asking countries to accept Bitcoin allows it to do so. When Bitcoin is secured, it will receive a large amount of investment and become more popular in transactions.

Well, I wouldn't say it "requires" approval. You can use it whenever and however you want, but to turn it into fiat and use it further like, say, depositing it to the bank you will have to explain where the money comes from because it might imply that you are engaged in terrorism and other illegal stuff. So, unless it is officially approved, its use is very limited and if you want to use all the benefits it offers you are interested in its approval.

This is because the government are always watching or looking for the good of the constituents and if there are new systems that is new it should be review by the government if it needs regulations then probably it should undergone regulations. This is the rule of the government that should provide the good of all its constituents.

What I think is that German government has somehow got a grasp on how to regulate bitcoins. It's a suicide attempt to ever allow bitcoins to be circulated around the country without even having a plan to regulate is somehow. Maybe they've accomplished it and made sure it was sustainable.

The reason why bitcoin requires appoval from some other countries because they're using a totally different security, unlike banks, mostly transaction will undergo verification process because it is a requirement from Federal Law, however bitcoin doesn't follow that. Transactions are very efficient, faster, but we cannot say that it's more secure because this might be used by some illegal matters.

well, as far as I know bitcoin is one of the most popular digital currency in the world. we cannot need bank because the bitcoin has many benefits and advantage. I think one of the reason why the government requires approval because it can be a threat in the banks, also bitcoin is untraceable so it is perfect thing to used for the crime activities.

Because to provide a sense of security to the traders when they want to invest in crypto so the government is very important to the development of crypto and the population economy becomes more secure when it has benefited from investment.

Bitcoin is a digital currency, and many countries give it through, this is understand because the transaction is clearly and transparent, proving its value.

Bitcoin does not require any approval at all. just need recognization from authority as Legal or illegal in that particular country so that merchants can use it massively as a payment method.

I agree I believe that this does not affect how bitcoin is used but will contribute mostly to adoption. The more people know bitcoin the more fame it has better market it will be.

Having a legality and approval lf the countries makes the use of cryptocurrencies like bitcoin and ethereum maximize and blasts. This is only means that you can use it anytime anywhere like today but more secure and no worries about the thief or scammers because the government will be the one in charge in a more security purposes.

Bitcoin is a world currency that does not have a binding to a particular country, so it does not depend on whether it is authorized or banned in a particular place. On the other hand, countries can restrict bitcoin exchange operations to fiat, but everything depends on the country where the exchange is registered. I think that soon bitcoin will be recognized definitively, because its advantages are obvious.

The reason behind that might be because people on their country are misusing bitcoin, that is why Governments on such countries provide a necessary disciplinary action to prevent such things to happen. The other one might be because of FUDs which is just natural since cryptocurrency are just making its move to make our economy more developed and successful.

Because bitcoin must require state approval because bitcoin is a digital currency that can not be set by any country so maybe the government has a double if bitcoin is not approved as the currency will make a very big risk for its citizen so bitcoin must have approval from any country who want to use bitcoin in their national currency

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.

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.

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

Sometimes, we do not want people to know what we have bought. Bitcoin is a relatively private currency. On the one hand, Bitcoin transactions process is transparent thanks to blockchain, everyone knows how many Bitcoin addresses hold transactions.

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.

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.

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.

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.

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.

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.

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!

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

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.

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.

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.

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.

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.

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.

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.

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

It needs an approval in every country to be accepted as means of payment legally. Since there are no clear law regarding cryptocurrency, it needs an approval of every government to avoid confusion or even fraud that may occur.

Yes of course because new systems should need an approval specifically the government. The government will check on always that will seemingly benefit the constituents then gladly cryptocurrency will be accepted however it will be subject for rules and regulations. This is why most of the countries who join cryptocurrency are already regulating cryptocurrency.

Well there are many reasons like
1- To make it worldwide
2- To make it part of the bigger economy
3- To integrate it with the normal people use to create a bigger impact
4- To counter the misuse of power that the banks have over Fiat
5- To provide people an alternative way to do transaction
People can moan all they want but without the consent of the bigger economies and most countries it's very unlikely that Bitcoin will be able to penetrate the main market.Bitcoin is trying to break into a market which has been here for centuries with very few that were able to counter it's dominience and Bitcoin has a long way to go.

Only if the world's major powers support bitcoin, can the encrypted community develop more powerful and more investors will enter the market.

I think that's just the half of the truth. Merchants and traders need a stable currency and crypto isn't stable so the can't use it. What is the point if you buy an apple for 1BTC and tomorrow sell it for 0.5BTC etc. (these are some seriously expensive apples that I'm talking about here  ;D)? If a country legalizes crypto then more people will accept it as a payment method and use it and the prices will then stabilize. Something like that.

Bitcoin is a financial instrument, whether we like it or not. And like all financial instruments must be approved by the government of each country.

It's because more country approve crypto more industry will accept bitcoin as their investment..  And approved means legal. if they legalize bitcoin. that means you'll be able to use bitcoin in any use like the fiat ones..

it is a positive news, approval is needed so that bitcoin more freely in use.
because it has obtained permission from the local government, I hope that the policy will be undertaken in Germany will be followed by other countries.

The approval most times means those willing to do business in crypto-related space can do so without any legal restraints and they can access supporting services such as banking and insurances

because each state holds it back because of a lack of understanding how to control it, but as everything becomes clear I am sure that every state will not mind working in such a market and cooperate with the crypto currency

The reason why bitcoin need approval from country is to make bitcoin to be use as legal tender just like fiat currency and once this is done it will make surge the price of bitcoin cause alot of investors will hop in. Besides, it will also help bitcoin in going mainstream cause approval may woo the rest of countries.

Bitcoin can be used in a country without the country’s acceptance of the use but countries need to accept bitcoin in order to make users feel safe when using it. Accepting bitcoin by a country will also give it recognition.

The government need to study the effects of bitcoin on their country before they approve it thats why. Specifically in economy, they need to study about, what will be the effect on their economy if they accept btc on their country and in banks. Also about the used of bitcoin in illegal transactions, illegal tradings in black market, selling of guns ang hiring people to commit crime.

You have to know that the bitcoin girl at the moment is constantly falling and fluctuating greatly, this bitcoin adjustment is partly due to the manipulation of whales and sharks. It is a small number of people who hold a large amount of bitcoin, so that in order to have a stable market, not to be dominated by these people, there must be government involvement, more and more countries Participation is easier to control and stabilize bitcoin prices.

I agree with what you said cause country approval of bitcoin is the samething as evangelizing bitcoin cause the people will have positive mind towards it and ignore the negativity.

Every country have law that need to be obey so before they decide to enter the bitcoin to there country they need to this discuss it before they approved it. It's for the better of all users of bitcoin in their country. Because we all know how bitcoin risky is.

Bitcoin should have legally complied with the regulations of the government in order for them to accept using Bitcoin. I think the very first thing why the government is being strict about Bitcoin is because it can be used for illegal activities. Just like what just happen in the dark web wherein Bitcoin have first known. I think the government has their point on why they worry on Bitcoin's anonymity features. And I agree that this feature can be used for tax evasion and money laundering.

Bitcoin needs approval because it is a serious currency and it is not like a currency that will not give effect to its users and investors in a country because bitcoin can affect the overall country if there will be no careful decision making so it takes time before bitcoin gets an approval because the government do a lot of research first.

Every country has its own rules and regulations to be followed. And even though, bitcoin is decentralised in nature, it still requires approval from countries it wishes to be operated. Same reason why some countries has the right to ban bitcoin.

I think it is necessary for a country approval before using it because bitcoin will not be made available or use in any country without their approval or without their consent although it is a digital currency but still it can't be use in a country without it access to the government. an also it helps promote and build bitcoin to make it more stronger and larger than ever

Bitcoin needs approval from countries, cause if one country gives approval to bitcoin many bitcoin users are believed that bitcoin is not scam cause it is legal and there investment are safe and I know more people are interested to join in bitcoin cause they know they earn more income.

Government approval is not really required. But the approval signify a lot of things that will prove to be beneficial to the growth of Bitcoin and to the assurance of the users that the mode of payment they are using is deemed legal in the country where they are. There is a big difference between using something that is allowed simply because there is no particular law prohibiting it and using something that is officially recognized or acknowledged by the state.

After getting approval from a country, of course, people can freely use bitcoin locally and exchange it with fiat without worrying that you are doing illegal activities. Bitcoin actually does not require approval to be used anywhere. You can use it as long as you have an internet connection and device.

Yeah right, bitcoin does not need approval, only those countries that want to regulate it needs approval to legally use bitcoin and maybe adding tax if possible so that the governments can also get good profit from regulating it

At this moment it's not approved but we can still buy stuff with it. It can help but it's not necessarily  to be approved.

Of course to legally used it for financial transactions or any payment method in that country it approves the use of Bitcoin. I was hoping that Bitcoin will continuously grow and spread thoughout around the globe. In more years to pass and surely more countries will engage to the use of Bitcoin.

As everyone said bitcoin doesn't require approval from any country to be used by its people. Citizens of any country can buy and sell bitcoins as long as they have internet. But it could be called as illegal activity if your country has banned bitcoin.

Actually,bitcoin have to restrictions to be used in any country.Many people are using bitcoin in their country where bitcoin is banned but this is illegitimate.But in the countries where bitcoin is permitted,here using bitcoin is legit and users can buy and sell their bitcoin freely with flat currency.

If bitcoin is legit in your country many people's are interested to join in investing in bitcoin cause they have trust to putting there money in bitcoin for investment. They know investing in bitcoin they gain good profit, and they can easily to transact like trading or purchasing of goods and services.

Bitcoin is a currency that can not be controlled so bitcoin must require permission from the government to be used by its citizens, but I am sure bitcoin will be used as national currency in the future later and maybe bitcoin will replace the currency we now use

It is not that approval is mandatory. However, some countries have regulations that in order to buy things you must pay with that and that currency. In that case if a country regulates use of bitcoin as legal, it helps, because people do not have to think if what they do paying in bitcoin is legal or not, they have it black-and-white

Approvement is a relative term, it can be approved in different forms and for different uses in different countries.
In general it requires approval in such sense that there is needed to have regulations regarding taxations and this only works when you use it to buy goods and pay for services when your BTC /ALTS are changed to FIAT otherwise is hard to use it.

it is true and I agree with you. Bitcoin should need state approval if it wants to increase its popularity. Because new developing countries are receiving bitcoin or using bitcoin. And the average Asian country that has received bitcoin.

Bitcoin requires approval because the state exists before Bitcoin is created and Bitcoin is the only currency in the current era.

It is mandatory for countries that need approval in every country in the world, if they say they have approved bitcoin, it just means that the particular country has accepted the bitcoin and acknowledged it. as a legitimate cryptocurrency.

It just so happened that the state decides for all people. To be honest, I do not understand what will change when bitcoin is approved, since if it is banned, then anyone can use it and no one will know about it)

This is important at least to ensure that you are not fined, but worse, not arrested for using or storing cryptocurrency. This is also necessary for you to freely conduct transactions, make purchases and cryptocurrency. And also in case of burglary or theft-could apply to law enforcement agencies.

Usually no one attaches any importance to the approval of the authorities, institutions, etc.

bitcoin does not require approval to use it. bitcoin is a digital asset as long as you have an internet connection anytime you can use bitcoin, german may do that so bitcoin becomes legal and not used for crime

Without an approval from other countries we cannot say that bitcoin is trustworthy because country level is a big level that caused people to trust more, if the whole country with its own economy accepts bitcoin it says to all the other wall that bitcoin is serious enough.

Yes, you can use it and no one can control it. But it needs approval by the governments to be used in the markets. Governments don't allow bitcoin to be used everywhere if they don't want it. 

Bitcoin doesn't need any approval. Because eventhough citizens of any country who uses cryptocurrency still exist without the permission of the government but it is a illegal.
And if a one country who make approved the operation of bitcoins or any other Crypto currency it means the legalization.

It's just an official way to show their idea towards bitcoin, so their citizens know they can use them without any problem. That's all, for sure they can't stop it, otherwise they would have to shut down the whole internet in the country.

I think the country's approval is a great impact to crypto currency. It is just a sign that crypto currency can be relied on and it is safe for transactions and investments.

because you dont pay tax on crypto currencies..or even on the money you received after selling crypto currencies.

Approval will help with the spreading which is required as much to lead cryptocurrency towards growth. Bitcoin being a decentralized asset keeps certain people under dilemma whether it survives long or not which affects the inflow of investment. To overcome the same approval will help with a recognizing.

Well, if crypto currency is approve or not by the government that doesn't mean that tax won't be pay.

Probably the main reason why is it needed to approved is because they want to put tax on it sinced this is a big kind of business. Ans also, maybe they want to control it's price so that eveyone will have a safe investments.

The approval of the use of bitcoin can mean that the government has recognised bitcoin and knows its difference with all other misconceptions the media throws at it. I hope other countries will also clarify and make an statement about this because there are really people who misusing the name of bitcoin to scam people. Let us all spread awareness and keep this industry as safe and clean as possible.

In my opinion, for legalize because government can hunt down the non legalize transaction especially when it talks about the money and crimes, I am not saying that bitcoin use from the criminals, bitcoin is popular because it can be use to pay and money to others and  for the safety of the users and also for the safety of bitcoin.

of course German citizens will be able to freely buy and have bitcoin even for transactions
if that happens, it means there will be an increase in purchasing volume of bitcoin users which causes the price to rise

of course it must be gan. because the purpose of bitcoin is. into digital money that can be received like paper currency therefore bitcoin is very important to seek approval from all countries. if bitcoin wants to be a legitimate digital currency .

Bitcoin ends up being a supposed bandwith of fiat or regularly a cryptographic money, which we are generally mindful off. Its solitary defeat is that they are incognito which is by one means or another something to be thankful for us however not with some administration, and that is the place nation are searching forward for endorsement with bitcoin. It is about the system control of the said nation towards bitcoin that is normally turned into its own one of a kind issue.

Its really required to have an approval in any kinds of aspects.Approval means legalizing it for public using, approval is required by Government to make sure that the project is safe specially its all about money,trading,investing.Government just need to make sure that it will not cause any problem in the currency of the country like avoiding illegal activities or illegal trading specially in this market we're anonymous so it is suitable for black market.

How can you pay tax on something that hasn't been regulated yet? If it's not regulated it's not in the system so it doesn't get taxed. On the other hand if it's not regulated it's considered illegal because they can't tax it.

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..

which will happen after approval or legal, bitcoin prices will rise and we get what we want

If bitcoin is illegal in your country it is better to avoid trouble and to not use bitcoin or other cryptocurrencies, governments are very bipolar some of the countries that banned cryptocurrencies will change their mind in the future as some countries already did in the past, they are going to realize that trying to stop bitcoin is an useless endeavor and they will instead dedicate their time to try to regulate the market.

The approval of the government will help the advancement of bitcoin in the nation. At the point when bitcoin can be gotten in a nation then bitcoin can flourish extremely well, the development of a place that gets installments through bitcoin will increment.

it is all about price huh  ;D 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

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.

Bitcoin should require state approval if it wants to increase its popularity and developing countries receive bitcoin or use bitcoin

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.

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.

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)

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 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.

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.

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.

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.

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.

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!

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

 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 .

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 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.

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.

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.

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.

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 .

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.

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.

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

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.

OptiToken gonna open around $6 or $7 on C2CX

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.

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 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.

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.

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.

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.

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?

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.

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.

In my opinion, not so much if bitcoin requires approval from countries around the world. Germany in this case is one of them.

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.

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.

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.

It requires approval for it to be legally formulated which means it doesn't violate any rules or regulations within the said scope. Besides, nowadays, all should be in legal form.

I agree and that's a win win situation for everybody involved. The more people we get into crypto the bigger the market cap and coins values.

Approval means recognized and can be promote in particular country. Sometimes it means legalized to let the citizens contribute to make it more better and higher profit not for one benefit but if possible is for all benefits. I believed bitcoin is one of the major issue to talk about in our generation.

my opinion is that large corporations are afraid of risking investing money from investors, and these are trillions of dollars, so they need regulation

It is not that it needs approval, but it puts Bitcoin in a better light if it is approved by a country like Germany. Even if it wasn't officially approved people would still be able to use it or trade it. Many countries try to regulate the use for taxes and to prevent illegal transactions (though illegal transactions could be made in any currency in the end, so my guess is mainly taxes).

I mean its normal to think that it really requires approval because of its high value. If its value is that high, then we must at least place something that might control its value or like approving the use of it. We know that it is from the internet and some countries are scared to be overthrown in their wealth. We know Bitcoin's value is still being developed even though it reached a milestone last year. Some countries are banning it and some countries are happy on the use of it.

In my opinion,this is what is called the process of legalization and setting of bitcoin. It is necessary in any state to formally improve its legal status in any normative legal action,to determine the basic conditions and rules for its circulation in the country,and also to determine by taxation.

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.but in the end still bitcoin needs the approval of the government for it to last since we all need the favor of our government, at the end of the day if it has an effect already in the economy the government has the right to decide.

yes .. to legalize this bitcoin bitcoin system it should seek approval in that country. because it concerns the security of bitcoin and the security of its users. I think this can be legitimized by the government itself. But can this ETH price rise if the whole country legalize bitcoin ..?.

Government or country's approval play a role in increasing the usage of the bitcoin. Approval of them helps to promote and advertise the cryptocurrency such as bitcoin. In reality, bitcoin doesn't need any approval to all. You can use it anywhere and anywhen. As long as you have an internet connection and a device you can access bitcoin smoothly. People's approval only means that it is a good choice to be involve in bitcoin and use it as long as you desire.

Bitcoin or altcoin need to be approved by countries and communities. All transactions require the consent of the manager! Agree to ensure a social development! ;D ;D

I think bitcoin didn't not required endorsement on a nation. Since part of nation like my nation bangladesh didn't yet favor but then didn't illegallize. For whatever length of time that the nation didn't banned cryptocurrency then you put it all on the line.

It has become necessary for the governments to accept and legalize Bitcoin in a country in order to eliminate the fear, doubts and uncertainty that might be hovering over the thoughts of new investors of Bitcoin in those countries.

we need to approve it, because may help you to succeed in our future and they help in our environment to recognize what our need in society.

Approval is basically required for making the transactions legal done by merchants or exchanges for the local currency.Else btc can be used if there is a device and internet connection available.Also, i see many countries joining the club of approving btc and thats a good sign for the long term aspect.The more and more awareness spreads the more the other global nations would also look into it and make it legal faster so that they dont lag in this aspect.

all things in the country need approval from the government, because if not it will never legal, so we can called it illegal, so if we want to use bitcoin safe bitcoin should have approval from the government, usually government makes a regulation for bitcoin in a country

I think it needs approval because if bitcoin affect our country government will be the one that will blamed by the people. Actually there is a chance that bitcoin will affect our economy and also can make our bank disappear.

Technically, bitcoin does not need any approval from any countries. It can be used by anyone anywhere. Its just a question of legality.

Will,in this situation the government of every country needs an approval  to become  the  bitcoin as an legit investment  and parts of economic progress in order to done a  bussiness smoothly and in order,just like happen in the country of japan,they recognize the cryptocurrency investment as part of there economic growth as an capitalize country,so therefore this happen in the country of germany in approving the crypto is only a way to make the investment run in  legality and according to the government law.

It doesnt truly require any endorsement or be sanctioned for individuals from a particular nation have the capacity to utilize bitcoin and even a nation restricted its utilization individuals can at present utilize it yet the issue is individuals cannot exchange it for nearby money or utilize it for installment. After an endorsement from a nation obviously individuals can openly utilize bitcoin locally and trade it for fiat without stressing that you are completing an unlawful movement.