Why bitcoin requires approval from countries ?

[Stromspirit]

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

[Cryptostar35]

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

[Schirer]

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

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.

[Sandijoee]

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.

[Karie_Legend]

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

[lakana]

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.

[Igromania]

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

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)

[oni4an]

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.

[laryillary]

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

[ikiscream]

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

[jlong187]

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

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.

[Rozita]

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

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. 

[marites]

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.

[Verde_Mantis]

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

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.

[Bumblecoin]

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

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.

[alihassan99]

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

[Altas]

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.

[suzanne5223]

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.

[connecoin]

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.

[yamete kudasai]

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

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.