Is it necessary for a country to approve Bitcoin?

[eldial]

Will it depends in every country can be necessary  to approve bitcoin because all the peoples are not familiar on bitcoin transactions and how it can be handling if it is implemented in every country so it is need a better discussion for the understanding of all community.

[Vidaia]

is that country well equipped with today's technological advancement, then i will it has to be approved but if not it will be difficult for a country with no crypto related technology to approve it and manage it

[Rivaldi Kunkun]

I have the same opinion with you that bitcoin is not quite familiar with every layer of society, only certain people only. Besides its human resource conditions are also not fully adequate, it needs much consideration it should, despite the bitcoin itself has many advantages.

[victorianomojica]

In order to make all transaction legall an according to the rules of government,so that  those bad speculation about digital currency thats can used in some illegal activities like money laundering would been pip and to prove that crypto is for the good of economy and not to destroy the economic growth,and by making it regulated maybe the investor would grow.

[Jaguar]

No doubt the terms and condition will follow once legalizing bitcoin. Government would not let bitcoin come in without any regulation to be followed. Necessary to approve when the people requested too.

[Gudang gabah]

a country must also approve of its existence bitcoin, because there are many who trade in the trade market, we all have to admit there is bitcoin.

[kevinjulio]

I think all countries have discovered the existence of the bitcoin is even some already exists legalizing bitcoin and do deals with it. but some countries still being mediocre is not yet giving the sign to legalize, since some of the aspects that have not been supportive. I hope at least a bitcoin can co-exist near to real money so that life easier.

[Quantum X]

Even a country will approve bitcoin this can not stop the scary part of bitcoin because of the volatility that it has.

[Pabloiscobar]

Yes it is necessarry that for a country to approve bitcoin because it is very useful for the people especually to the earners of cryptocurrency that needs a bitcoin approval.

[Nanagyasi]

It is very necessary for countries especially the developing countries to accept Btc because it can improve their economic status

[Mocosolawatan]

it is very necessary once gan. so that bitcoin can be received officially in the country like a paper currency. Thus it will give a positive value to the bitcoin world

[Wong keras]

all countries have to approve the existence of bitcoin and also the state must accept bitcoin as work material, because work in bitcoin is good done by many people.

[Quantum X]

all countries have to approve the existence of bitcoin and also the state must accept bitcoin as work material, because work in bitcoin is good done by many people.

Hopefully things will go on that way easily between bitcoin and government but until now governments around the globe are still struggling to make decentralised under their control.

[Ryanpogz]

Now this thing is bothering almost everyone who doesn't know much about Bitcoins or Cryptocurrencies. Well let me guide you here. There is a slight difference between being legal and being unregulated. We should start understanding it in a familiar way. So let's take Internet as an example. In India before IT Act 2000 there was no law governing the Cyber acts or crimes but it was still in use. Using internet was not illegal before the Cyber Laws existed. It was just unregulated. Now the same goes for Bitcoins or any other cryptocurrency. It's fair to say that it just lacks laws governing its use. It is not that it's legal or illegal to use,trade in Cryptocurrencies it's just that if someone rips you off while trading in it there is actually no law enforcement to protect you from it.
Talking about some nations that have accepted and legalized the use of Cryptocurrencies like Japan and Russia or talking about some that makes it illegal to transact in Cryptocurrencies like South Korea it's a personal choice of every nation. In India the RBI haven't yet approved the transactions in Bitcoins which just means that your Cryptocurrencies means nothing to the government or the nation and for them it's just a virtual thing yet. It doesn't say that it's illegal to use it or illegal to trade it.
Though you may be convicted if you are earning a profit out of Bitcoins trading and committing a felony of tax evasion. No one needs to worry until they have broke a law and in the case of Bitcoins you can say that there exist no law so it's as simple as it gets. Income tax department of India even checked out the exchanges in India but never did they say that they were making a raid or that it was illegal. They are making sure that if anyone's making money out of it then they better pay taxes. You may also read about use of RippleConnect in banks which is a welcome move by Banks all over the world. So don't confuse between what's illegal and what's unregulated.
Thanks.!!

[Arendra]

if in my opinion it is very necessary for developed countries because to manage the movement of bitcoin is very good. but all that is certain there are many risks that will be obtained.