Is it necessary for a country to approve Bitcoin?

[msz900]

I'm a little confused as well, I confess.

Crypto adoption is necessary in terms of technology and the other thing is that I think the crypto era is too short and will disappear soon, so we have to take the benefit from it before it vanished.

[monig18]

It is not necessary for a Country to approve Bitcoin.Every country has its own right to accept it or not.
For acceptance there is a difficulty in Bitcoin itself because it is not stable.Due to its unstability Country avoid to accept it.When It will stable countries will use to adopt it.

[Quantum X]

It is not necessary for a Country to approve Bitcoin.Every country has its own right to accept it or not.
For acceptance there is a difficulty in Bitcoin itself because it is not stable.Due to its unstability Country avoid to accept it.When It will stable countries will use to adopt it.

Bitcoin will never the stable.If the price of bitcoin will someday be stable it could be the main part for it's downfall because whales will surely find another to fill their hungry pockets.

[tervel]

The current distributed nature of all crypto-currency is probably a threat on how banking system operates. current banking system usually is a centralized system, where all trust is placed on the banking institution.The widespread adoption of cryptocurrencies by citizens pose a threat for banks and governments.

[Malam90]

It is not necessary for a Country to approve Bitcoin.Every country has its own right to accept it or not.
For acceptance there is a difficulty in Bitcoin itself because it is not stable.Due to its unstability Country avoid to accept it.When It will stable countries will use to adopt it.

Although it isn't necessary for a country to approve Bitcoin but we can't drop its importance in the upcoming future when majority of the countries, sectors and organizations will accept and use Bitcoin for daily different purposes. Already started its more and more acceptance and approval. Bitcoin won't be stable for its natural reason. We have to think its lower supply and rapid increasing demand almost every day.

[de_prof]

There are more people out there wishing to invest in Bitcoin but live in fear, uncertainty and doubts about Bitcoin due to the frequent attacks coming from the banks and governments. Once Bitcoin is approved in a country, a lot of investors in that country calm down and are able to invest under no tension and pressure.

I think if the country approve bitcoin, It will have good impact. Many investors will confident to invest in bitcoin because the government accepted bitcoin. I think We will see it at the coming future. Hopefully.

[yemight62]

There are more people out there wishing to invest in Bitcoin but live in fear, uncertainty and doubts about Bitcoin due to the frequent attacks coming from the banks and governments. Once Bitcoin is approved in a country, a lot of investors in that country calm down and are able to invest under no tension and pressure.

Well, if the countries approve bitcoin, I think It is good for investors there. Because I see at several countries have blocked bitcoin. Bitcoin is the future technology, No reason to against this technology, they should accept this technology.

I think most countries fears its operation because of its transparency and it's not easily traceable to any user or individual. Most countries know this will give no room for corruption or any dubious secretive transaction

[Malam90]

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