Is it necessary for a country to approve Bitcoin?

[Altcoin1998$]

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.

[lepbagong]

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.

maybe not from the side of a poor country or not but rather the introduction of the people to previous technological advances. whether they have received advances about technology because it will affect their work where crypto is always in touch with this technology. Even if the country is poor, if they are already literate with technology, there will be no problem and they can follow.

[Black ID]

I totally agree with this statement. Indeed, the resistance from the government makes bitcoin difficult to accept, so many people avoid it. Fear will of course be present, because investment in bitcoin is indeed very erratic, sometimes the price goes up and suddenly falls.

[Legion]

Of course, because there are countries that accept bitcoin, it will increase the use of bitcoin and will make it expensive.

[ttcsalam]

It could be a good initiative.Recently I noticed cocaine is a new one Introduced the method.They are trying to support it in Bangladesh through PayPal or other means.

[expander]

One of the advantages of getting approval for bitcoin is that there is a sense of security. however, we can actually get a sense of security by acting carefully. Although it is difficult for most new people. This is why it is hoped that bitcoin will be accepted by a country for transactions and investments.

[jakasantosa]

Although the State and the government have not legalized bitcoin as long as there is a crypto exchange market in that country, a State and the Government do not need to agree on bitcoin is not a problem and is not a very big problem. Because we can invest through these market exchanges.

[Jawahara]

Acceptability of bitcoin will surely cut cross all country. It is just based on time. This will be smooth and easy as soon as regulation is approved generally.

[Bobcrypto]

In some countries, Bitcoin is already accepted while some countries are still contemplating or having doubt. I think Bitcoin acceptability world wide is coming up stronger by the day, and soon there will be much more interest from people are the globe. It started as a small community of enthusiast but it will hit moon.

[Prime]

Actually, if there are many more countries that approve Bitcoin, it will be much better because BTC is acknowledged to be a very good asset for investment and also payment. The rule and regulations may also change if they approve BTC as payment. But I also wonder if they approve BTC, will also they ask for taxes for it?

[ranaprime]

If any one want to invest legally in crypto currency then definitely he needs the approval of his own country to  using crypto currency. Otherwise he or she will be face government punishment due to his allegation. So i think it is necessary to approve bitcoin for trading without any interruption.

[azmirihaque]

I think, countries should approve bitcoin. There has a big field for the investors to invest. People have the opportunity to participate in different campaigns by which they can make a alternative source of income. It will help to increase countries revenue and also reduce unemployment.

[vegasus]

There must be much consideration of a certain country to accept or deny Bitcoin and other cryptocurrencies. They always say that it is for the sake of a good balanced financial system and also avoids from easy money laundering.
here, actually, it can't be a reason. Every country needs to accept BTC and cryptos because this is the digital era and crypto will become a very good thing to implement. And now, many more countries accept it,

[gotbounty]

Not all countries can easily accept Bitcoin because they have their own regulation. We must realize that Bitcoin is a new technology, so let it be adopted gradually. I think it should take time for Bitcoin to be approved by most countries in the world.

[EthereumDev_]

yes of course that is very important because if many countries accept bitcoin, many will use bitcoin and of course it can give rise to bitcoin prices.