Is it necessary for a country to approve Bitcoin?

[doc]

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.

If the country approve bitcoin , I think we will see the good condition for bitcoin. Bitcoin will be more popular. I also think many investors will start ato Invest more on bitcoin. For now, bitcoin still has blocked at several countries.

[Quart]

I think it is necessary because the business of Bitcoin trading or investment will create a place for new jobs. So, then many people can have jobs, even just side jobs. If we see the potential in crypto investment or trading, it is very profitable. Why don't to try having Bitcoin in a country.

[Coin63@]

Some development countries already accepted bitcoin and using their daily purposes. But some developing countries trying to accept bitcoin but some technical and governmental issue obstacles the road to approve. But day by day bitcoin and others cryptocurrencies popularity increasing.

[Malam90]

It's not necessary to approve Bitcoin for a country as it is decentralized and government has no control over it. But no country can avoid it because of its widespread use and popularity. Besides this, blockchain technology is the best modern technology in many sectors specially in financial world. Every country is adopting with blockchain technology rapidly for taking best facilities of it. Already many developed countries approve Bitcoin, some countries either accept or reject situation. Maximum developing countries are far away from approve for its internal some policies and techniques. I hope in the near future they will approve.

[lepbagong]

Some development countries already accepted bitcoin and using their daily purposes. But some developing countries trying to accept bitcoin but some technical and governmental issue obstacles the road to approve. But day by day bitcoin and others cryptocurrencies popularity increasing.

In terms of popularity, almost all countries already know about crypto and bitcoin, as well as the general public who have heard of it even though they may not know the details. what do you say the reality that happens to bitcoin where there are already those who use it but there are still those who prohibit it. It does need continuous information and its usefulness, especially during this pandemic, the information should be reported intensively.

[Astra]

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.

The need to approve a cryptocurrency is simply a misnomer.  No state has ever approved and will not approve of the existence of cryptocurrency.  States legalize it by determining its legal status and establishing general rules for walking in society.  This is necessary for the protection and development of cryptocurrency.
When an exchange or platform is hacked,  think about law enforcement. However, they cannot interfere in relations that are not regulated by the rule of law.

[bayiajaib]

If the country approves bitcoin , I think It will be good condition for bitcoin. But Bitcoin also isnot  need the approval of the country. Many countries also banned bitcoin , But bitcoin still exist and more popular now.

[shadowdio]

Yep it is necessary to legal to use bitcoin or any cryptos for a country so that people will confident to use bitcoin, not thinking illegal but people should have knowledge about crypto because there are some disadvantages.

[franch]

If a country's government legalizes Bitcoin, more people will invest in Bitcoin. Many do not invest in Bitcoin because of fear, uncertainty, and panic, thinking that they can go into legal difficulties whenever they want. So the legalization of Bitcoin will encourage more people to develop new projects, which will definitely boost the country's economy.

[Carbitcoin]

In many countries, cryptocurrency is prohibited and all illegal actions with currency can be punished according to the law. It is these actions of governments that scare many people and alienate them from the cryptocurrency market. In addition, the government prohibits cryptocurrency, and accordingly conducts Anti-cryptocurrency policy and thereby spreads negative information, which also scares people away. Legalization and support of cryptocurrency by the government is required in any case.

[EthereumDev_]

accepting bitcoin is actually not a very important problem because with bitcoin you can make transactions easier and of course it will have a good effect on the price of bitcoin because it can increase the use of bitcoin.

[Doctor]

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 yes,
In my opinion I see bitcoin have blocked at several countries, so It is necessary for a country to approve bitcoin. We can use bitcoin for payment transaction and Investment, It is more secure and usable if the countries accept bitcoin.

[jakasantosa]

Actually there are many ways to invest in bitcoin even though you are in fear. the point of fear is that someone is not sure if bitcoin investment will benefit. therefore, before investing in bitcoin, you should learn about the advantages and disadvantages of bitcoin. If you already know about bitcoin, you can overcome your fear in many ways.

[dodok]

yes, I agree with your opinion, with the approval of bitcoin in a country it will attract investors to be able to invest in that country and that is very beneficial for countries that have approved the existence of bitcoin.

[Carbitcoin]

accepting bitcoin is actually not a very important problem because with bitcoin you can make transactions easier and of course it will have a good effect on the price of bitcoin because it can increase the use of bitcoin.

today we do not think about the problem of legalization, because the regulatory authorities have not yet approached us. we can sit comfortably at home and trade cryptocurrency at the computer, receiving additional income. But as soon as they pay attention to us, we will have very huge problems, including tax evasion. This is a very sensitive question and you need to approach this topic very carefully. But as soon as the time comes, this issue will be very important for all of us.