12 years and no country has approved Bitcoin ??

[molsewid]

Governments don't approve cryptocurrencies easily as there is a high volatility in this market. And they do not want their citizens to make investments into them and risk their money. For example, China showed this as a reason and banned all the things related to cryptocurrencies. But still, most governments choose to regulate them and not to ban them.

I see your point why governments don't approve cryptocurrencies. I don't think the government need to approve this matter after all cryptocurrencies can still work even without the approval. Cryptocurrencies exist for how many years and the approval not that much important i guess. And maybe the government earned from cryptocurrencies and they chose not to disclose it.

[BuNga_cute]

It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.

Yes that’s the basic thing that everyone needs to understand.
But guess what? El salvador now accepting Bitcoins.
Someone has started and i am sure rest gonna follow for sure.
The main reason for which countries consider Bitcoins as illegal due to it’s decentralised nature.
But i am sure in future, people will force the government to make the coin legalised.

Why many countries choose to reject Bitcoin, because Bitcoin is decentralized and it is not liked by any country's government. Moreover, the volatile
Bitcoin price is also the reason why many countries do not accept Bitcoin as a legal tender. Fortunately there is El Salvador which is quite surprising
to many people, because it is very brave to legalize Bitcoin as a legal tender. Indeed, sometimes there needs to be a country that dares to start first,
and the government of El Salvador has the courage to make the decision to accept Bitcoin. If the government of El Salvador can demonstrate
the positive effects of its decisions, I believe many countries will follow in El Salvador's footsteps.

[Pejoh Asu]

The concept of decentralized bitcoin is certainly opposite to the concept of a centralized central bank, this is what makes the state powerless to control bitcoin so that it prohibits bitcoin, I think this is not too problematic as long as there is a strong community then bitcoin will continue to be valuable.

[iTradeChips]

Well, El Salvador is already the first country that made strides in the world of Cryptocurrency by accepting it and putting it into law. Well I think El Salvador might want to try and take advantage of Bitcoin's price and they can use their resources to buy the said coin while the price is still acceptable and for them "cheap". I think they have already purchased many Bitcoins and might continue to do so and wait for the price to increase and will be able to get so much profit once they sell these.

[killerfrost]

As we are seeing now, it has been resolved when governments have announced their acceptance of crypto. But the opposite of that, there are still a lot of rejections
I suppose once it was something important in human development it was only a matter of time for it to spread to all.

[Nutrient]

Depends on what you mean by “it hasn’t been approved”. Some countries accept it as a means of payment and that’s a step in the right direction. And about the government, they don’t have power over the price so there’s almost no way they can approve of what they aren’t in charge of. Bitcoin is decentralized and that’s a major reason why the government haven’t ‘approved’ it.

[Lubang Bawah]

12 years is still a short time, moreover there are no companies that actively and massively promote bitcoin so bitcoin is difficult to develop, but the good thing is that the bitcoin community continues to grow so that bitcoin is increasingly actively used and has an impact on prices that continue to increase.

[IamWealth]

The government won’t approve because they know they can’t control the price. The Bitcoin isn’t centralized. For the government to approve, they have to actually be in charge. It’s better that Bitcoin remains this way. So it can be decentralized.

[marilynmanson21]

friends, bitcoin does not need approval from the government in its follow-up of trading and holdings I think, without approval bitcoin will still live and thrive in the future
if you expect bitcoin to be a currency, i don't think it's possible what else for developed countries like china and usa they reject bitcoin
but if you are in a developing or poor country, you can make bitcoin a payment instrument / currency like today's Elsavador

[ringgo96]

For now the popularity of bitcoin is increasing although there are still countries that still doubt bitcoin as a legitimate currency for some reason, and for now the use of bitcoin continues to run and the price continues to increase for a long time then never hesitate to use bitcoin if later do not want to regret if there is a high increase, and every country will definitely consider giving freedom in investing in the crypto world.

[Slow death]

As far as I know, Japan and El Salvador have already passed laws on bitcoin, I remember that there is another country where there are laws on bitcoin, but I don't remember the names of the countries. Well this issue of bitcoin laws is a complex issue for many countries because lawmakers are people with big ambitions and serious problems in wanting to control the people so it won't be easy for these politicians to easily accept making law that benefits bitcoin and their community

[ReiMomo]

Countries do hesitate to accept Bitcoin as currency as it might spoil its economy. However, it can be accepted as an asset like they do accept gold and other stuffs. Though no country has approved Bitcoin, we have huge crowd from each country who are into crypto and have invested in either Bitcoin or on any other crypto currency. So, just there is no legal approval, besides this, everything else is happening within. 

[qwertyup23]

:)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 is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons.

Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment.

[Mahanton]

:)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 is a very tricky statement wherein the country will accept cryptocurrencies while accept its pros and cons.

Fortunately, such streak was ended when El Salvador accepted BTC as a form of legal tender on their country. With that in mind, it opens opportunities for cryptocurrencies to be acknowledged worldwide. Though its implementation might be far into the future, all of its effects are slowly experiencing by many due to its potential of either being a short or long-term investment.

Lets put up some link for reference: https://www.nytimes.com/2021/09/07/world/americas/el-salvador-bitcoin.html
Lots had really believed out that it couldnt really be possible but El salvador did really make this thing to happen and never ever we did really expect for this thing to happen.
Those presumptions and anticipations that we do have in the past did really happen on this moment and of course there are cons and pros that we've seen
but doesnt mean that they would stop on.

[Fortify]

:)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"

I'm not sure what you mean by "approved"? Almost every developed country in the world allows people to buy and sell bitcoin as they please. Tax laws have started to catch up and it is now just being treated as any other income or expense. People are caught up in this infatuation that Bitcoin must be an officially adopted currency in every country when it is simply not realistic. It has already achieved the main aim - a globally accepted and completely decentralized currency acting as virtual cash. What you need to be condemning is countries like China and Russia who are taking steps to outlaw it because it threatens the elites in charge - that is the real risk to freedom in the world.

[batang_bitcoin]

Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.

[rugrats]

What i mean here is each country has their own currency so they don't need to approve it because we can easily use it as an alternative with some rules , because bitcoin or any crypto miners from different countries so it will be hard for any government to approve it. Currently, BTC is still a decentralized currency of value and it is very difficult to manage, so there are still many central banks around the world that are afraid of what if it is completely accepted. How will? How does it affect fiat currency and is it easy to manage?.

[Ryker1]

Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.

Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.
I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember.
Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive.

[uneng]

Well just after a year of the question from OP. Less than a year, there's now El Salvador that has approved and now using bitcoin as a legal tender. What's more are in store for the next years to come for the other countries? We will see if at the end of this year there will be another country to adopt it as a legal tender. But with or without approval of a country as long as they don't claim bitcoin is illegal, everyone is free to use it and there is no need for any approval.

Well if I am not mistaken, there are 3 countries that already legalized bitcoin because it was followed by the El Salvador decision.
I forget the 3rd one but as far as I remember, it is El Salvador and Ukraine that already legalized bitcoin, and the third one, I did not remember.
Perhaps another year we'll pass, other countries will announce legalizing bitcoin and then other countries will follow. It is good news to us and the entire community that we are getting larger and soon bitcoin will become more expensive.

Maybe Cuba? I've seen they have passed a law in August legalizing and regulating crypto currencies in an attempt to improve the precarious economical situation of imposed by the communist on the country a little bit. However, differently from El Salvador, the cuban law didn't consider bitcoin or any other crypto currency as legal tender (official country's currency). In the legal tender aspect, El Salvador remains as a quite unique country. Even Ukraine, although legalizing it, didn't give the legal tender status to bitcoin as far as I know.

[Wong Gendheng]

The biggest system that makes bitcoin difficult for the state to accept is decentralization, I only think the good side of a country that banned bitcoin, if it is legalized of course there will be many problems such as internet network, transaction speed and security, remember that cases of bitcoin theft we often hear, and the state does not want to be bothered with these problems.