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yansen
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June 20, 2018, 09:36:45 PM |
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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.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Larva14
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June 20, 2018, 09:46:54 PM |
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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.
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. |
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syarifudin
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June 20, 2018, 09:47:41 PM |
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bitcoin is called as currency and can be called as an eye must be recognition by certain countries for example germany
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Malaya
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June 20, 2018, 10:00:15 PM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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SistaFista
Sr. Member
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Activity: 1638
Merit: 251
Hexhash.xyz
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June 21, 2018, 01:29:56 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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cherryfer
Newbie
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June 21, 2018, 02:19:29 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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hefjor
Jr. Member
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Activity: 199
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June 21, 2018, 02:54:26 AM |
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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.
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rapsa2018
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June 21, 2018, 03:00:38 AM |
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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.
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jeffer8035
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June 21, 2018, 03:06:55 AM |
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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
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Brenda Medeiross
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June 21, 2018, 12:22:43 PM |
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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.
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Justin Monizz
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June 21, 2018, 12:24:14 PM |
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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.
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imyashir
Copper Member
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June 21, 2018, 12:37:34 PM |
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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.
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MD Nur Hossain
Copper Member
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June 22, 2018, 07:39:35 PM |
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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.
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jake zyrus
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June 22, 2018, 08:11:37 PM |
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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.
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. |
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tambok
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June 22, 2018, 08:39:55 PM |
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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.
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. |
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BelieveInBTC
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BookiePro.Fun - The World's Betting Exchange
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June 22, 2018, 08:40:45 PM |
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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.
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Silberman
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June 24, 2018, 05:05:44 PM |
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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.
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. 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. |
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zoeylee
Copper Member
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Activity: 238
Merit: 1
Semi-Decentralized Exchange
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June 25, 2018, 06:58:50 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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BagzMM
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Merit: 10
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June 25, 2018, 07:12:05 AM |
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Germany recently approved bitcoin, why exactly is the approval required and what will happen after approval ?
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. |
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rumexx
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June 25, 2018, 07:21:15 AM |
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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.
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