Suguha
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July 19, 2018, 12:12:15 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
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rollingstorm45
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July 19, 2018, 12:17:01 AM |
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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
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Zainal-baguz
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July 19, 2018, 12:19:49 AM |
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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 .
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Bruce1614
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July 19, 2018, 12:29:52 AM |
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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.
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danice15
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July 19, 2018, 12:46:34 AM |
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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.
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TopDev
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July 19, 2018, 05:54:39 PM |
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because you dont pay tax on crypto currencies..or even on the money you received after selling crypto currencies.
Well, if crypto currency is approve or not by the government that doesn't mean that tax won't be pay. 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. |
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burky156
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July 19, 2018, 05:58:16 PM |
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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
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.. |
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samsul1234
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July 19, 2018, 06:32:39 PM |
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which will happen after approval or legal, bitcoin prices will rise and we get what we want
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Silberman
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July 19, 2018, 10:09:55 PM |
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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.
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. |
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Zabzab9
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July 19, 2018, 10:22:03 PM |
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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.
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irsykes
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Vave.com - Crypto Casino
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July 19, 2018, 10:39:20 PM |
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which will happen after approval or legal, bitcoin prices will rise and we get what we want
it is all about price huh  sad fact but it is true. people nowadays only a little that interest with bitcoin legalize and a lot of people care about it's price. personal opinion, i am care with it's price than it's technology |
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thet
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July 19, 2018, 11:04:20 PM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
It is more proper and organized if there are some regulations about the digital currency. The approval is needed maybe because the government have the right to issue some laws and regulations about the certain currency. |
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Karakas
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July 20, 2018, 06:58:30 AM |
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Bitcoin should require state approval if it wants to increase its popularity and developing countries receive bitcoin or use bitcoin
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mockcooleat
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July 20, 2018, 07:07:06 AM |
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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.
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lehuong
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July 20, 2018, 07:20:02 AM |
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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.
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digroske
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July 20, 2018, 07:23:13 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
There is a process of gradual legalization of bitcoin in the world. Many countries one by one legitimize Bitcoin, the Mom expands its capabilities in the cryptomir. You can legally use bitcoin for trade. Although you only need Internet for use) |
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josephdd1
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July 20, 2018, 07:26:25 AM |
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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
Yes you are totally right, i think the exactly same. The goverments don't want to miss taxes about cryptocurrencies anymore. Everyone is using bitcoin nowadays and the number is going high everyday. I think in near future all the goverments will accept crypto moneys and will have the taxes. It will be the way i guess.. The legality of bitcoin is very much the governmental way to make money of cryptocurrency. Its a legal, go signal for businesses to adopt crypto while at the same time some of this share will go to governments via the tax system. |
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befriendmywater
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July 20, 2018, 07:34:49 AM |
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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
Yes you are totally right, i think the exactly same. The goverments don't want to miss taxes about cryptocurrencies anymore. Everyone is using bitcoin nowadays and the number is going high everyday. I think in near future all the goverments will accept crypto moneys and will have the taxes. It will be the way i guess.. The legality of bitcoin is very much the governmental way to make money of cryptocurrency. Its a legal, go signal for businesses to adopt crypto while at the same time some of this share will go to governments via the tax system. Bitcoin 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. |
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richpham
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July 20, 2018, 08:00:47 AM |
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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.
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TopDev
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July 20, 2018, 02:57:17 PM |
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Bitcoin needs a strong investment to become more stable and attract more users, making it more popular. Bitcoin therefore requires approval from the states. This is an important step for Bitcoin so that it can thrive in the future and realize its full potential.
I agree. In order for BTC to take the next step and reach some insane heights it needs more people investing in it. That will happen when it gets some kind of approval from governments. |
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