Why bitcoin requires approval from countries ?

[radjie]

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

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[callmeback]

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.

[lakita]

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

[railyako]

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

[memyselfandi]

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

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.

[Kray]

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.

[Gotumoot]

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.

[billionaireSHS]

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.

[Lazada]

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

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.

[charlemagne_15]

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

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.

[Blondy12]

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

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.

[300pips]

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.

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

[Pasaway2701]

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

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.

[Wicked Sick]

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.

[mmo_online_1981]

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!

[Snaic]

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

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.

[znakistu]

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.

[jcemos9bt]

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

[Baoo]

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.

[azhariusman1981]

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.