Bitcoin actually doesn't require approval to be used anywhere. You can use it as long as you have internet connection and a device.
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
Countries "approving" bitcoin just makes it actually legal to use and accept for merchants. correct me if I'm wrong
I think that's just the half of the truth. Merchants and traders need a stable currency and crypto isn't stable so the can't use it. What is the point if you buy an apple for 1BTC and tomorrow sell it for 0.5BTC etc. (these are some seriously expensive apples that I'm talking about here
)? If a country legalizes crypto then more people will accept it as a payment method and use it and the prices will then stabilize. Something like that.