Is it necessary for a country to approve Bitcoin?

[DAMKAR]

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.

Not need, I think It is not necessary for a country to approve bitcoin. For now I see several countries have blocked bitcoin, but not affect bitcoin progress. Because I see bitcoin is still going up and be needed at other countries. They are adopted blockchain technology.

[EthereumDev_]

it should be very important for people to approve bitcoin because until now bitcoin can be used by many people and many countries so they should legalize bitcoin.

[azmirihaque]

I think, Countries should permit bitcoin. Bitcoin is one of the potential platform for investment of a country. A lot of investors will be highly benefited if bitcoin gets legality. Countries have a concern for security on it but they can develop a monitoring tools. If monitoring tools are developed, many countries will permit it.

[Delgboke]

Yea, for me it can be necessary for a country to approve bitcoin depending on who is seating as the president of such country but must be sure to have convinced it's citizens the advantage and disadvantages that follows the digital assets and how they can manage its risk of approving bitcoin as an investment.

[Delgboke]

Yea, for me it can be necessary for a country to approve bitcoin depending on who is seating as the president of such country but must be sure to have convinced it's citizens the advantage and disadvantages that follows the digital assets and how they can manage its risk of approving bitcoin as an investment.

[Fadhilz123]

We live in the country and every country has different policies, and for the country don't approve of bitcoin will make people scared to invest in it, so it is necessary for the country to approve it because it will relieve fear and make people confident to invest in bitcoin

[cryptopediabd]

Actually poor countries don't accept bitcoin because they don't control bitcoin and others cryptocurrencies. Only developed countries are eligible to accept bitcoin. Japan, USA, Canada, Australia, Estonia, etc countries are worthy to accept. Our Bangladesh almost willing to accept bitcoin.

Possibly they do not have information of block chain innovation , they perplexed their possess fiat money. I think it is ordinary, I accept when all nations have information almost Bitcoin, they will acknowledge bitcoin and addopt the bitcoin innovation for their company. It will happen at the coming future.

[cryptopediabd]

Possibly i think Bitcoin worthiness world wide is coming up more grounded by the day, and before long there will be much more intrigued from individuals are the globe. It begun as a little community of devotee but it'll hit moon.

[AllSii]

Not need, I think It is not necessary for a country to approve bitcoin. For now I see several countries have blocked bitcoin, but not affect bitcoin progress. Because I see bitcoin is still going up and be needed at other countries. They are adopted blockchain technology.

It is better that the government does not seek to regulate cryptocurrency at all. The main thing is that the government did not ban bitcoin.

[sky20]

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.

Bitcoin is not allowed most of the countries in the world. Why the leading country of the world are not accept bitcoin? What is the reason? I believe that bitcoin or crypto currency is out of control. This is the main reason to avoid bitcoin. If they control it then definitely they accept bitcoin.

[Tanimariya]

Bitcoin does not wait for permission from any country. Even if the government of a country bans Bitcoin and enforces strict laws, it is not possible to suppress Bitcoin. Because there will be a lot of trade inside that country. The government of any country will not be able to stop the trade of bitcoin. The trade of bitcoin is constantly increasing. If the governments of a country want to tax Bitcoin, then they have to come up with a new plan.

[densus88]

Bitcoin does not wait for permission from any country. Even if the government of a country bans Bitcoin and enforces strict laws, it is not possible to suppress Bitcoin. Because there will be a lot of trade inside that country. The government of any country will not be able to stop the trade of bitcoin. The trade of bitcoin is constantly increasing. If the governments of a country want to tax Bitcoin, then they have to come up with a new plan.

Of course, I agree with you, Bitcoin does not wait for permission from any country. Bitcoin will go strong. Because bitcoin is the  future currency. No countries can refuse this technology. I believe cryptocurrencies will more popular than now.

[Noverteno]

Bitcoin does not wait for permission from any country. Even if the government of a country bans Bitcoin and enforces strict laws, it is not possible to suppress Bitcoin. Because there will be a lot of trade inside that country. The government of any country will not be able to stop the trade of bitcoin. The trade of bitcoin is constantly increasing. If the governments of a country want to tax Bitcoin, then they have to come up with a new plan.

Of course, I agree with you, Bitcoin does not wait for permission from any country. Bitcoin will go strong. Because bitcoin is the  future currency. No countries can refuse this technology. I believe cryptocurrencies will more popular than now.

Bitcoin and other cryptocurrencies do not so much need government approval as they need to be recognized as part of the financial system of society and establish general rules for circulation and regulation.  Without this, decentralized cryptocurrency will not be able to develop as a means of payment.  It should always be remembered that, if the state so desires, by uniting, they can drive the cryptocurrency underground, establishing criminal liability for its use.  Then after a while we will simply forget what a cryptocurrency is.  When the cryptocurrency begins to gain weight, the attitude of states towards it may still change.

[vaysar]

There is a need to somehow legitimize cryptocurrencies, this process has already gained momentum, and this needs to be legalized. Here, each country goes its own way, but over time it will have to develop an international position on the functioning of the crypto market.

[AllSii]

Bitcoin and other cryptocurrencies do not so much need government approval as they need to be recognized as part of the financial system of society and establish general rules for circulation and regulation.  Without this, decentralized cryptocurrency will not be able to develop as a means of payment.  It should always be remembered that, if the state so desires, by uniting, they can drive the cryptocurrency underground, establishing criminal liability for its use.  Then after a while we will simply forget what a cryptocurrency is.  When the cryptocurrency begins to gain weight, the attitude of states towards it may still change.

I agree with your opinion. The government can ban bitcoin in the country, but this will lead to nothing. Bitcoin does not need such permissions, because it is decentralized.