Bitcoin and its legality. Where is Bitcoin legal?

By
Tokeneo
-
3 min reading

I don't think there is a person who would not hear about cryptocurrencies. This virtual money is related to the development of modern technologies and the world of the Internet. They were introduced into circulation several years ago in order to use them to finalize various types of transactions concluded online. What is bitcoin legal in the world? It turns out that more and more countries are taking this virtual currency seriously.

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Where is Bitcoin legal?

Sometimes people wonder how it is possible to pay for services or material goods with money that does not exist physically. But it really is. There are more and more cryptocurrencies in the world, but the most popular is bitcoin. Currently, it is legal in over 120 countries around the world. This means that, out of 257 countries, Bitcoin is almost half present and legal. This is undoubtedly a very good trend. It is worth getting interested in this virtual currency, among other things, for investment purposes. Real enthusiasts of cryptocurrencies say that they are not dependent on any state institutions, banks, and superpowers. Therefore, no one influences their price apart from ordinary people.

Bitcoin legality map

When you look at the bitcoin legality map, you can see that it will be possible to finalize various types of transactions in virtually all of North America. The same is true for Europe. It can therefore be said that all the largest and strongest countries in the world respect bitcoin. Moreover, various banking institutions in these countries support bitcoin. Therefore, you do not have to worry about the legality of transactions that are finalized with this currency.

An interesting fact is that the first ATMs are already appearing in the world, from which you can choose real money in a given currency, replacing the bitcoins you previously owned. Skeptics may be surprised by this. However, it should be noted that conventional, standard money used in the world now, was something new as well. They were an invention because in ancient times goods were paid for with other goods. Once upon a time, standard money was unknown. Today it is difficult to imagine life without them.

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