How many countries have legalized cryptocurrency? In November 2021, they found 103 countries whose governments gave financial regulatory agencies directions to develop priorities and regulations for financial institutions concerning cryptocurrencies and their utility in AML/CFT.
What countries use cryptocurrency as their currency? The Central African Republic has overtaken regional cryptocurrency front-runners such as Kenya and Nigeria to become the continent’s first nation to officially adopt bitcoin as legal tender. El Salvador is the only other country that officially uses bitcoin as legal tender in the world.
Is cryptocurrency accepted as legal tender? Crypto will now be accepted for tax payments, and can be used to settle private transactions across the country, Zacko said. So the move is more like a country legalizing crypto use in financial markets than explicitly elevating bitcoin (BTC) or other cryptocurrencies as “legal tender.”
In which country crypto is legal? In September last year, El Salvador became the first country in the world to introduce Bitcoin as legal tender. According to a government statement, President Faustin Archange Touadera validated the law Wednesday. Tax contributions can also be paid in cryptocurrencies through platforms recognized by the government.