12 years and no country has approved Bitcoin ??

[Cootie]

I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed.

[ampu]

Allowing bitcoin to be a payment tool for purchases is an acknowledgment. Bitcoin is just like any other currency in some countries, bitcoin is equal and has the same value when it comes to buying goods.
Some countries also prohibit payments in bitcoin, some countries can even go to jail if using bitcoin.
We need to realize that bitcoin is just one solution and hardly a substitute for national currencies. The adoption of bitcoins in the payment system has been a sizable treat.

[ekeh]

Bitcoin is a decentralized currency, that is digital form which no one can be control, including the government, they only adopt the system. Having said that, bitcoin has more prospect in future, the more year we go, the more it more appreciating...

[vania vin]

some countries do not prohibit bitcoin transactions on the market, but many countries claim bitcoin is illegal but in these countries bitcoin transactions are still valid even though these countries do not legalize it. Please note bitcoin is one of the best investments and they hide it because the country is illegal bitcoin.

[Yamifoud]

I think one reason why governments weren't be able to accept bitcoin is because it can disrupt the flow of economy inside a country. Imagine having something that you can't control. What would happen? It could cause a drastic, which is good if thing goes smooth. But otherwise, it could cause chaos like the typhoon does to everything in its path. Like the typhoon, you can't control its strength, range, direction, speed etc. Similar to bitcoin, you can't control it's price, it go down or up to the extremes, which is, a significant factor to consider once it is in the economy of a country. And once it happens, bitcoin will forever be changed.

It simply because Bitcoin is decentralized and a reason why some country leaders aren't making its way to ruin their economic interest.
it has been discussed already before about its regulations and wanted that the government will take control over it but it was been declined since there is no support from the community.

Some didn't while some countries also are open to Bitcoin and allowed their people to make use of it. It can be somehow in the future that these countries who against Bitcoin will change their mind.

[Wallflower28]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Because bitcoin was not still regulated by any country due to its decentralization. Many countries still have doubt to adopt bitcoin as their main currency. Well, we just be thankful enough even our country does not want it to be regulated but we can freely use cryptocurrency inside of our country. We don`t know if what Warren Buffet said will become true since bitcoin still growing and dominating the market.
Whether bitcoin will use by different country or not, its okay. As long as we can use it whenever we want without any harm.

[mezzaluna]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

[Serious475]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

We cannot just watch it to grow itself because it really needs our help. The most basic thing we can do to help bitcoin to grow is to promote it to our friends and families and if your friends manage to promote it to his friends then the bitcoin community will be bigger and the chance of being approved by the country will surely get higher. I don't know about bitcoin few years ago but my friend just promoted it to me and he explained me bitcoin well and how it will change my life.

[serjent05]

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.

Agree to that! Bitcoin was decentralize which is far from realization that government will embraced and change their current system to move and use it as their main currency, is more on alternatives sides of fiat where you can transact using this system and function same a like with how currency works.

Well, the government will never allow an uncontrolled entity to dominate its economy.  That goes to Bitcoin too, but we are lucky that some governments acknowledges Bitcoin as a medium of exchange while others see it as an intangible asset.  Bitcoin even though won't be used as a major currency of any country, it will always be on the sideline as an alternative

Good enough after several years, there are many businesses who acknowledge this chain, aside from being alternative money being a tool for investment is still Bitcoin was really known for.

Not only businesses but some government acknowledge Bitcoin as mode of payment, that being an alternative.  So I guess OP is missing something when he said that no country has approved Bitcoin.

[Leviathan.007]

Bitcoin is decentralized and no government can ever officially approve bitcoin due to the basics of it. Bitcoin is not controlled by any government or organization, so it's impossible for any country to approve it. However, many countries have allowed bitcoin trading and mining under some condition legally. But, if by "approved" you mean getting approved as a currency, It's not possible.

[Jaered]

Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing.

[Alucard1]

Every country has its currency so they think that they don't need to accept more cryptocurrency and besides cryptocurrency or bitcoin is decentralized, how could a government accept it, they won't control bitcoin, no one can control bitcoins they will not accept it on their own country but there are already some countries who allowed some their netizens to have crypto transactions, such mining, trading, and investing. That is good because you can do whatever you want about cryptocurrency as long as it is good for your country.

[onecall123]

Bitcoin doesn’t need governments to fall in love with it. National currencies are in a whole new world of trouble now with a great recession brewing, people with flock to bitcoin to preserve their wealth. Govs will have no chooce but to get bitcoin friendly or get left behind.

Bitcoin is a decentralized currency so there is no need for a government to backed it up. Although its hard for bitcoin to become a global currency, having it as a alternative currency and a very good investment is already a good achievement for bitcoin. There are already few countries who have been supporting bitcoin but not using bitcoin as their main currency, only a good alternative mode of payment.

Exactly, why Bitcoin should have backed it up by a government when it's inverse of the decentralized nature of the technology. Relatively, Bitcoin still a beginner step to become a global acceptance. But mature enough to convince us to put trust over bitcoin in this sense bitcoin is a good investment.

[imteaz]

I don't think Bitcoin needs any countries approval, I like the way bitcoin is, and nobody can stop it. If its regulated, then It will be boring like the stock market. So Bitcoin is right now like the wild west, that way people are enjoying the rise and down of bitcoin. But soon or later It will be regulated, and the fun will be over by then. But I believe within the next couple of years many countries will approve bitcoin as an electronic asset.

[FlightyPouch]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

That is so true. What we can do now is just wait to what will happen in the near future. Bitcoin is being developed so that it could be used in such manners, right now the adoption is not that high the reason that people are not that familiar with it. In the near future, I think crypto currency will be one of the most popular way to trasact or pay online.

[TimeTeller]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

Its not like it still needs approving or legalizing. Bitcoin is good the way it is since its already being used Internationally but it is still possible for a country to pursue the utilization of Bitcoin into further applications. All we can do is support it and watch how it will go. Keep HODLing!!

That is so true. What we can do now is just wait to what will happen in the near future. Bitcoin is being developed so that it could be used in such manners, right now the adoption is not that high the reason that people are not that familiar with it. In the near future, I think crypto currency will be one of the most popular way to trasact or pay online.

And with this pandemic, a lot of doors open for crypto business.
Many people are looking for online payments and I believe crypto payment is among them.
Even merchants who are hesitant before will look at crypto payment method seriously this time.
Volatility is always there but if you look at other alts, some of them will solve the tx fee and duration time of tx to go thru.
I believe we will be seeing a lot of merchants that will accept crypto payments. And let's hope even our local shops will follow thru.

[Coroline]

Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing.

We do not need to fully need approval from the government to adopt cryptocurrency as a legal currency, but at least with the existence of cryptocurrency which can be accepted in some shops or online stores, it means we can use it to make payments.
Even so, legalization from the government does not mean it is no longer important
The role of the government can accelerate growth by legalizing it, but cryptocurrency will continue to run and continue to be used even if it does not get permission from the government.

[LimLims]

:)Bitcoin was launched in 2007. It's 12 years and still no country has approved Bitcoin ??   Huh

and in 2018, 2nd richest man "Warren Buffet" said "bitcoin will end up badly"

It won't happen either also.
The main reason for this  is that, it is a decentralised Currency, so no government can take a control of it.
But if you are thinking of if it is legal or not, then yes in many countries it is allowed to use Bitcoins, but they aren't officially accepting it.

And as far "Warren Buffet" is concerned then , no one can predict the future. So anything can happen in the near future.
So it's better to just wait and watch.

[Janation]

Lol. You don't expect the government to approve or legalize a currency it cannot control. Seriously? Crypto was created to evade government and institutional control, not the other way round.Many corps and vending platforms like Newegg already accept crypto. That to me is enough blessing.

Still, there are a lot of countries where Bitcoin is approved.

We can conclude that these would not be about the taxes they can't get, it is about the people in their country that are using it and trying to protect them with legalizations although I don't know how that works. As long as I can still use Bitcoin in our country, despite through an exchange, that is fine since more and more stores would accept it in the future.

[The cure]

Bitcoin was created as a decentralized currency so in my opinion it does not need government approval for us to use it, Bitcoin is constantly evolving and still improving for the future. For me as long as I can use it properly and it helps the majority, there is nothing wrong if we continue to enjoy it.