Bitcoin Forum

Digital currency is still a matter of controversy in several countries. The use of bitcoin in a country is not always accepted. Even so, there are also many countries that have legalized bitcoin as a currency. Here are some countries that have legalized bitcoin, namely:

1. United States
The US government has made special policies for tourists who will visit the region. Previously, existing regulations only required examination of social media accounts, but currently tourists are asked to show their digital currency. This new rule was initiated by Sen Chuck Grassley. The law was introduced on May 25, 2017.

2. Japan
The Japanese government has authorized bitcoin as a legal currency for digital transactions. This endorsement is marked by the number of retailers who accept payment with bitcoin. The number of stores that accept digital payments with bitcoin is more than 4,500 outlets.

3. Denmark
Denmark is a highly developed country in the field of technology. This is what makes this country legalize the use of bitcoin in various transactions such as transfers, payments, and purchases.

I still think, are there still other countries that accept to legalize the use of Bitcoin?

What is the fate of other countries if bitcoin is not allowed to be used?

Sorry, I added a few colors, I want to look attractive   ;D ;D

I know that the Netherlands are well on their way to becoming one of the most forward countries when it comes to crypto - don't forget them!

I hope that happens to other countries in the future until now many countries are learning about bitcoin to make the country's currency but make the legal status of the Bitcon transaction alone the green light for the future

Many countries study Bitcoin, but governments in their countries do not support it, although this is a progress known as the sophistication of network technology that facilitates transactions, I am very supportive if everyone understands their use.

Apparently the Netherlands is one country that does not want to miss the sophistication of Bitcoin technology. I am sure the Netherlands will be one of the countries that are advanced and ready to serve the complaints of people in meeting their needs.

You can also use these links.
Legality of bitcoin by country or territory (https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory)
Countries Where Bitcoin Is Legal & Illegal (DISH, OTSK) (https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp)

Indeed, many people learn and explore bitcoin, but the government does not support and does not prohibit bitcoin to grow. So the community feels uninterrupted with that which is certainly an asset and is their own responsibility if anything happens to their wealth.

Whatever the OP is saying is right!! But the thing is there are still many countries which are yet to give a welcoming acceptance to the bitcoin. So that makes it a problem. Countries like Netherlands, US, Japan have always been highlighted due to their crypto-friendly behavior. But now as a matter of fact, it's time for other countries to come forward and take an initiative in this regard so that they also come into light. What's the point in highlighting these countries time and again. That's just the waste of time unless other countries learn from their example!!

US government we should consider that as a adoption and all. Maybe they are trying to control us via the bitcoin or some other cryptocurrencies.

As I know we people do not know the how the people and the cryptocurrencies have been evolved and being used mate.


I wish we should go with the Russian or Japanese government to get the better adoption and independent world without colonialism.

As long as US government not against Bitcoin, it will be OK. I hope US SEC will approve soon the Bitcoin ETF trading, it will be a big deal for cryptocurrency.

I'm glad someone mentioned the Netherlands here, they are definitely another country to be added to list. Also Belgium - just to begin with, they have so many bitcoin ATM's it's insane.

There are a lot of countries you missed such as Malta.

(https://www.youtube.com/watch?v=qJC4YjZODgI).

Imagine the President of Malta talking about crypto and blockchain in the world stage (UN Assembly).


If countries chooses to go full anti-crypto then they're definitely loosing a lot of opportunity specially for their people to invest and make money out of the market. I still do believed that if regulations are put into place, more nations that's in the gray area right now will shift and support crypto's.  And besides there are ways to circumvent a total ban. So its really hard not for countries to at least regulate it as its this so called 4th revolution is unstoppable.

Totally agreed on this buddy, yes, countries who don't totally embrace crypto will miss the opportunity that brings on this great technology and for sure profit was there. We all know that there are some countries now still against bitcoin(crypto) and they hard to put regulation on it since it is decentralized. And hopefully, those countries hated crypto they will realize soo that it is a good opportunity and probably helping the economic growth.

The list is incomplete. I can immediately see that Germany, Canada and some countries of EU are missing. But there are more countries, so please read the below link from wikipedia,

https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Update your thread accordingly if possible!

I think what will change their mind is if they are seeing this crypto-friendly countries benefiting economically from the acceptance of cryptocurrency. They will have FOMO and will make them re-think their views to the cryptocurrency industry. This is not far from happening as countries will always want to have a piece of the pie. Also what I think would change this is if the United Nations somehow come up a international standard/law where all countries can finally based their legal framework on.

If it's legit that bitcoin will suffice the crypto friendly country, there's no problem about that. The country itself will have reliance despite of being decentralized of bitcoin. With respect to economic growth, as long as it helped the growing economy the united nations doesn't have any concerns about that, unless it puts the country to danger like engagement to a war.

I think G20 members is already drafting some kind or regulations or legal framework so we will have to see about that. But for me, we really don't need some global regulations, nations should self-regulated and I disagree with the idea of a single regulatory body. If country see's the full potential then they should go for it and not wait for world governing body to make decisions for them.

@Gaff - I really don't understand the war scenario though, would you consider trading war? I'll be happy to see your explanation specially about "country to danger like engagement to a war."

Countries that still prohibit crypto from developing will experience difficulties in the development of technology, the country will be poor in knowledge and also poor in knowledge. But that is their right, we are here trying to open the eyes of the world that crypto has many advantages and disadvantages that must be developed.
For developed countries and has acknowledged crypto will continue to grow and provide opportunities for people to work and be creative with technology so that many new inventions and coins appear so that the development of crypto is increasing and reaching its level.

Cryptocurrency is indeed run by technology, or the main factor inception of cryptocurrency is from current technological advances. However, we do not blame developing countries or give statements that developing countries lack knowledge of technology.

The other side that must be considered is that developing countries are still comfortable using money fiat, because most merchants in their country still rely on money fiat as a transaction system. As for adopting cryptocurrency, the government must rearrange a system they have done before and this will give a little longer. This is just a process, if they have analyzed cryptocurrency and technology in the future I am sure they will receive the cryptocurrency well.

Controversy comes up when the concern is in its peak growth. Few dig into it and adapt to it and few do not. Bitcoin has turned the currency market towards crypto.

Well majority of the countries are now supported and legalized Bitcoin particularly in Europe like in Germany which is their government declared free of tax for the Crypto users and there are lot more countries just use the Google. Now it will be unfortunate for the countries who will reject Bitcoin like the unemployment will reduce if they allow people will work to earn Bitcoin.

Germany is a developing country that is able to accept crypto with pleasure, this can attract other countries to better understand crypto. By seeing a country that can accept crypto and be able to develop it certainly this is very pleasant, there will be many companies and stores that start using bitcoin as a payment tool and this is the most effective and efficient thing to use.

My appreciation for those countries who legalized and made crypto tax free was 100% amazed. This was a brilliant thing to happen being a crypto lover who seems to enjoy listening those good experiences shared to us by the crypto users with those mentioned countries. It's not a wise idea to prevent people using digital currency, and once a person earned better profit he used to spend that money on the local goods of the country where he resides.

At present most of the countries accept bitcoin as legal in their country. Day by day bitcoin become more popular and many people now invest in bitcoin for their future. Countries such as United States, Denmark, Germany, Malaysia and Japan are now the countries for bitcoin. In future bitcoin will become more popular and there is more chance for other countries also accepts bitcoin as legal.

Yeah absolutely countries accepted bitcoin will probably advantageous to the country which can help their economy because bitcoin circulation will boasts the economy, because of it's value.

not only is the Dutch country progressing in terms of crypto in Canada, it has been very advanced in terms of payment using crypto, perhaps in the future developed countries will dominate the use of this digital currency because their technology has been very supportive so it is natural that in the future the use of this currency will spinning in a big country.

I would give the title of South Korea because Bitcoin and altcoins are very well developed there, and Koreans are very much willing to learn Bitcoin and trade them on the stock exchange, I would give them the title of capital!

Every country have their own regulation or policy against crypto, IMO not all crypto bring negative impact on global scale.
Bitcoin become the revolutionary currency that needed for digital transaction on this era.

My government against crypto because it can cause inflation and can be use for criminal activity !

many countries have started to use bitcoin or legalized, but we can see that almost all countries that legalize bitcoin are developed countries so there must be equity if we want bitcoin to be used in all countries, developed countries should socialize to developing countries because each country's technology is very different there is very deep inequality between developed countries and developing countries, we still hope that there will be a shift in the pattern of using exchange instruments that are now beginning to shift from conventional money to digital money.

There are still alot more countries who has legalized bitcoin in their country such as Philippines, Singapore, even Rusia and Africa is on their way to make it legal (if I'm not mistaken). Besides, there are also countries which is not legalized bitcoin, nor banned it. So, no offense, I just wanna say that your list isn't complete, it must be updated I guess.

And what about Ukraine? By the latest gossips they are home of Satoshi Nakomoto and whole bitcoin. We should not take eyes off from them, they pretend to become the number one in crypto world.

many countries have seen great opportunities in the crypto world, there are many potentials that can be extracted from digital currencies or future currencies, because the world of commerce is now very advanced and requires a medium of exchange that is global in nature but has no interference from any country and this can be answered by the bitcoin currency, so many countries are starting to see this potential and want to keep up with the progress of the times and towards the evolution of the currency.

making bitcoin as a country's currency is clearly very difficult to realize, maybe the country makes bitcoin as an alternative currency and maybe it will support each other with the origin of the country's currency can be more easily done, bitcoin really needs very adequate internet network connectivity, this can be difficult for some countries to fulfill, so mutual exchange between currencies is very profitable.

the bitcoin stage to be able to change currency business players is indeed experiencing enormous growth, but to be able to make bitcoin as a future currency is not easy, this is very influential with the existing bank system throughout the world, if bitcoin replaces the current currency function it can it is certain to turn off the business that has been done in the banking world, so there must be collaboration between banks and crypto, if this happens then it can be ascertained how to make bitcoin as the world's single currency can be immediately implemented.

There are lot of countries that legalize Bitcoin and the most popular is Germany in which their regulation mandated free of tax among the crypto users. More and more countries are now supporting Bitcoin in which this is the mean reason that Bitcoin will not going to be a bubble that it will last and will survive even of these market difficulties.

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Yeah Netherlands are big crypto friendly country i know that because my some Neighbours living many years and also they working in Bitcoin business.

the emergence of bitcoin that has the potential to replace the dominance of conventional currencies, obviously very disturbing the ruler of the world economy, then there will be a lot of rejection and there are some problems deliberately raised by the banking world who feel threatened in the pattern of payment, they are very afraid of losing their money trees which can be replaced by bitcoin, but I don't think bitcoin can be dammed or blocked.

Yes, I know many countries have legalized the use of Bitcoin, as you say that in Germany the use of bitcoin is the most popular, but the use of bitcoin is now much reduced, because prices are not very supportive in some countries, whether or not there will increase, sometimes this is a question for everyone who is confused.

trading patterns are undergoing very large changes, one of which is in the payment pattern, first payments are made directly and in the same currency, but now payments are made by the transfer system and in different currencies, so it's likely that the existence of bitcoin payments will change more practical, namely with a transfer system but in a single currency, crypto, this kind of thing will soon happen, so bitcoin is becoming the single digital currency in the world.

Most wealthy countries are open to new technology and this is the reasons some of them recognized bitcoin as a legal tender. After Japan legalized the bitcoin, Germany followed it later by allowing it as a legal tender and it will be tax-exempt as long as it is used as a means of payment. Some countries in Asia are also planning to legalize bitcoin but they have to create some regulations first to protect people and their economy.

USA countries must have calculated the profit and loss against bitcoin,  what attitude can all be done that must produce a profit,  especially there must be added value for the country,  of course America will apply some policies related to bitcoin currency, maybe one of them will implement taxes tight, and various other ways,  but certainly the future of bitcoin in America will still be good.

USA has implemented strict regulations on their citizens in joining cryptocurrency. Others are already ridding out on their bitcoin or cryptocurrency holdings because they had not authorized already unless they can meet the requirements so that they can invest on cryptocurrency.