Quote from: OmegaStarScream on June 18, 2018, 10:38:06 AM

Quote from: mjglqw on June 18, 2018, 10:28:58 AM

Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong

But not necessarily, some countries don't consider bitcoin as "legal" (or illegal). Yet, merchants are accepting it as a payment methods. In my opinion, the only benefit I can see from making bitcoin legal is earning peoples trust because people have this idea that bitcoin is used for bad things only (darknet) or that they will lose their money (mt.gox) etc. but after legalization, they'll know they are protected.

Germany for example don't allow setting up ATMs, so this news (If true) could be a step towards allowing them. Either way, you can technically continue to use bitcoin regardless of the laws because of its P2P/decentralized nature.

I agree I believe that this does not affect how bitcoin is used but will contribute mostly to adoption. The more people know bitcoin the more fame it has better market it will be.