Which cryptocurrency is legal tender? The Central African Republic declared Bitcoin, the world’s largest and most popular cyrptocurrency, an official currency, Bloomberg reported. It is only the second nation in the world to accept the cryptocurrency as legal tender.
Which countries have Bitcoin as an official currency? El Salvador is the only other country that officially uses bitcoin as legal tender in the world.
Is Bitcoin a Legal currency? The US Federal Government accepts Bitcoin as a form of payment. You can use bitcoins to pay for goods and services in the US. Bitcoin mining is legal in the US. The Federal Government taxes virtual currencies.
Is crypto trading legal in dubai? Is Cryptocurrency Legal in Dubai? The Central Bank of UAE has not licensed cryptocurrencies or recognized them as legal tenders. However, there are no prohibitions against crypto assets and they can be traded on crypto exchange platforms. UAE citizens can own cryptocurrencies, deposit and trade them.