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Which countries have legalized Bitcoin Bitcoin is a French curr

Date:2024-08-12 18:15:26 Channel:Build Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Speaking of Bitcoin, we all know that it is an electronic currency generated by open source P2P software. As a network virtual currency, Bitcoin has been controversial since its issuance. Until today, although more and more people have accepted Bitcoin, there are still many controversies about it. Although Bitcoin is a digital virtual currency, it cannot be regarded as a real currency. Now, there is no law in China that clearly stipulates that Bitcoin is illegal, but some criminals may use Bitcoin to commit crimes. Many investors want to know which countries have legalized Bitcoin? Let the editor of the currency circle take stock of the countries that use Bitcoin as legal currency.

 Which countries have legalized Bitcoin?

1. Australia

In Australia, Bitcoin is already regarded as an asset in Australia. Australia also supports the further development of Bitcoin. There will be certain taxes on buying Bitcoin in Australia. Just like we have to pay certain taxes when buying luxury goods, tobacco and alcohol.

2. Canada

In Canada, buying or selling Bitcoin is a legal act. But in Canada, it is not very convenient to buy Bitcoin. Because they don’t have a local exchange yet. At the same time, Bitcoin is just a kind of currency, and the Canadian dollar is the legal currency of Canada.

3. Denmark

In Denmark, if you want to buy Bitcoin, you can buy it not only from exchanges, but also from Bitcoin ATMs. The Danish authorities allow the use of Bitcoin as a payment tool, and Bitcoin is also regarded as an asset.

4. Netherlands

As early as 2018, the Dutch court accepted a case in which Bitcoin could be used to pay for illegal debts. So in the Netherlands, Bitcoin is legally used. There are no Bitcoin ATMs in the Netherlands, but Bitcoin can be purchased through many exchanges in the Netherlands. These include Coinbase, Cryptonit, etc.

5. Estonia

Estonia has issued more than 900 licenses to companies specializing in cryptocurrency business, and cryptocurrency is very popular in Estonia. In Estonia, Bitcoin OTC is very active and is also sought after by crypto supporters.

6. United Kingdom

It will be much more convenient to buy Bitcoin in the UK, and the requirements for digital currency are also very high. There are many Bitcoin ATMs in the UK to buy Bitcoin, and British people generally like to buy Bitcoin and put it into their own cold wallets.

7. United States

It is also legal to buy Bitcoin in the United States, and there are many types of cryptocurrencies in the United States. At present, there are 3,187 ATMs in the United States that allow you to buy Bitcoin. You can use Bitcoin to pay for other transactions.

8. Finland

To buy Bitcoin in Finland, you need to buy it directly from an exchange, and the exchanges in Finland must follow the relevant laws and regulations of Finland, otherwise you will be punished accordingly.

9. South Korea

South Korea is one of the largest markets for Bitcoin, and Korean financial institutions also support the legalization of Bitcoin. Banks also have local exchanges. If you cancel and register with an exchange according to the normal process, you can buy Bitcoin directly from the exchange.

10. Sweden

Sweden also has different exchanges where you can buy Bitcoin directly. Sweden also supports the legalization of Bitcoin. You can buy Bitcoin directly by registering an exchange.

 Inventory of countries where Bitcoin is legal tender

On September 7, local time, the Central American country of El Salvador officially became the first country in the world to adopt Bitcoin as legal tender. On the same day, a campaign was launched on Twitter and Reddit, calling on Bitcoin fans to buy $30 worth of Bitcoin each to commemorate it.

Nayib Bukele, the 40-year-old President of El Salvador, announced on Twitter that the government had purchased the first batch of 200 bitcoins on Monday and would buy more. He is the main promoter of the bill to make Bitcoin legal tender in the country.

Later, Bukele announced that El Salvador had purchased another 200 bitcoins, and the country held a total of 400 bitcoins in its treasury.

Influenced by this news, the price of Bitcoin rose, breaking through $52,000, reaching the highest price in nearly three months.

Although El Salvador's GDP accounted for only 0.0291% of the world's total GDP last year, it is not easy to take the step of Bitcoin legal tender, because this may cause more countries to follow suit.

The Central African Republic became the second country in the world and the first in Africa to adopt Bitcoin as legal tender. On April 21, 2022, the National Assembly of the Central African Republic unanimously passed a bill to make Bitcoin legal tender.

This draft law was initiated and submitted by Gourna Zacko, Minister of Digital Economy, Postal Services and Telecommunications of the Central African Republic, and Calixte
Nganongo, Minister of Finance and Budget, to establish a legal framework for the regulation of cryptocurrencies and Bitcoin as the official currency of the Central African Republic.

Located in the center of the African continent, the Central African Republic has a very important strategic position. It is the only way to travel from north to south and from east to west. The total area of the country exceeds 620,000 square kilometers and the population is only 4.83 million.

The above is the answer to the question of which countries have legalized Bitcoin? and the inventory of countries where Bitcoin is legal currency. Now the price of Bitcoin is constantly fluctuating. In this process, China's management departments have also issued a lot of risk warnings. Everyone must be clear that Bitcoin does not have the attributes of currency in China. Bitcoin actually exists as a virtual commodity with scarcity. Although Bitcoin has now expressed its value with price, after all, Bitcoin does not have any practical value now. When investing in such virtual currencies, everyone must pay attention to risks.

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