In today's digital age, Bitcoin, as a virtual currency, has attracted much attention. People are quite interested in the legal status of Bitcoin. So, which countries recognize Bitcoin as legal? Let's uncover this mystery around the world.

Bitcoin, as a decentralized digital currency, has attracted much attention for its legal status. Globally, there are different views and policies on whether Bitcoin is recognized or not. The following will introduce the positions of some countries to take you to understand the current situation of Bitcoin's legal recognition around the world.

North America

In North America, Canada has always been open to Bitcoin. Since 2013, Canada has regarded Bitcoin as a legal payment method. In contrast, the United States has a more cautious attitude towards Bitcoin. Although it has not explicitly banned it, it has stricter supervision and requires related transactions to comply with anti-money laundering regulations.

European countries

Among European countries, Switzerland has always been known as a Bitcoin paradise. The Swiss Financial Market Supervisory Authority issued the first financial license to a Bitcoin trading platform, providing a guarantee for the legal status of Bitcoin. Germany is also a Bitcoin-friendly country, considering Bitcoin as a private currency, allowing transactions and holdings between individuals.

Asia

In Asia, Japan has always been a hot market for Bitcoin. In 2017, Japan officially recognized Bitcoin as a legal means of payment, which greatly promoted the popularity of Bitcoin in Japan. In addition, Singapore is also a Bitcoin-friendly country with relatively loose regulation and encourages financial technology innovation.

Other countries

In addition to the above countries, Australia, the United Kingdom, Ireland and other countries are also open to Bitcoin, considering it as a legal digital asset, providing a good environment for the development of Bitcoin.

In summary, more and more countries around the world recognize the legal status of Bitcoin, which provides strong support for the development and popularization of Bitcoin. With the continuous development of digital currency, I believe that Bitcoin will be recognized in more countries and become a mainstream payment method worldwide. Let us wait and see and witness the future development of Bitcoin.

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
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.

Since the birth of Bitcoin, the legality of Bitcoin has been controversial. On February 5, 2013, the People's Bank of China and five other ministries and commissions issued the "Notice on Preventing Bitcoin Risks". In this notice, the nature of Bitcoin was clarified for the first time in China. my country believes that Bitcoin is not issued by the monetary authority, so it does not have some monetary attributes such as legal compensation and compulsion. Therefore, Bitcoin cannot be said to be a real currency, but only a special commodity. However, abroad, there are still many countries that are very friendly to Bitcoin. So which countries recognize Bitcoin as legal? Let the editor of the currency circle talk about it.

 Which countries recognize Bitcoin as legal?

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 not only buy it 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 the British 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 buy Bitcoin, and you can use Bitcoin to pay for other transactions.

8. Finland

To buy Bitcoin in Finland, you need to buy it directly from the exchange, while 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 the exchange according to the normal process, you can buy Bitcoin directly on 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.

 Risks of investing in Bitcoin

· Policy risks

More and more countries are strengthening their supervision of Bitcoin, and some countries may ban Bitcoin trading in the future. Bitcoin policies are very uncertain. For example, the Japanese government claims that Bitcoin is a legal payment method, but it is banned in China.

· Platform risks

Platform risks are actually the risks of exchanges. The coins that everyone puts in the exchange are stored in the centralized wallet of the exchange. If an exchange is hacked, the exchange will bear the loss at best, and the platform may go bankrupt at worst. In addition, if the exchange owner runs away, the loss will be borne by the exchange owner.

· High price volatility

Bitcoin prices are easily affected by investor sentiment. Today, its price soared by 30%, and the next day it may fall sharply. In addition, Bitcoin is a virtual currency without any real value and has a large bubble.

The above content is the detailed answer of the editor of the currency circle to the question of which countries recognize the legality of Bitcoin. We have summarized the risks of investing in Bitcoin for you above. The three risks mentioned above are actually real risks in Bitcoin transactions, and they are definitely not groundless. As ordinary investors, we must learn to avoid some risks that may be encountered in the investment process as much as possible. We should first choose some of the top large exchanges for trading. These platforms are often powerful and more secure, and can better protect the safety of our assets. Compared with some other small platforms, large platforms are more secure.