Legal

9 Countries That Legalized Bitcoin

Bitcoin is a type of cryptocurrency or digital currency that is traded through an online peer to peer.

All bitcoin trading transactions occur directly between actors in the bitcoin transaction network, without intermediaries to allow or facilitate them.

At least, there are some countries that legalize Bitcoin. The following countries are cryptocurrency paradises because they have a high adoption value.

  1. United States of America

Bitcoin trading volume in the United States is very high and this country is always considered to be at the forefront of digital money. if you want to trade Bitcoin profit Tesla, you can visit bitcoinprofit.app

  1. Japan

A statistical survey conducted to 1,000 respondents in Japan noted that cryptocurrency ownership is around 4 percent.

  1. Denmark

Although it has not recognized the official currency, transactions using Bitcoin can be used in Denmark. The country is called the cryptocurrency home for 1.37 percent of its users.

  1. South Korea

In South Korea, the percentage of bitcoin users is around 3.79 percent and the service is considered safe. In fact, anyone can easily buy bitcoins through 7-Eleven outlets.

  1. Finland

Finland exempts taxes on bitcoin purchases. Triple A data records that the percentage of Finnish crypto ownership is 1.88 percent and has been facilitated by an ATM machine for transactions.

  1. Nigeria

The growth of cryptocurrency users in Nigeria is very high and increased among young people by 211 percent.

  1. China

Bitcoin in China has been legalized and can be used for official transactions. Bitcoin has an identity as a virtual property that is being developed in terms of technology and research.

  1. Ukraine

In the first quarter, Ukraine experienced an increase in Bitcoin user growth of 86.68 percent.

  1. Russia

The next country that legalized Bitcoin is Russia, through the Federal Tax Agency. In this country Bitcoin can be used for transactions with the percentage of ownership of crypto money 11.91 percent.

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