Which country cryptocurrency 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.
How many countries is crypto legal? Countries where Bitcoin is legal. On a positive note, research shows there are at least 111 states where Bitcoin and cryptocurrencies are recognized by law and are legal.
Which countries do not allow cryptocurrency?
- Algeria. Algeria currently prohibits the use of cryptocurrency following the passing of a financial law in 2018 that made it illegal to buy, sell, use or hold virtual currencies.
What countries are most crypto friendly?
- The Netherlands.
- Switzerland. Swiss banks were the first in the world to offer crypto companies business accounts in 2018, recognizing that banking channels would help to eliminate fraudsters and encourage legitimate businesses.