Cryptocurrency in the WORLD

31. Okt. 2022

Cryptocurrency has turned the world economy upside down.
But she is still young and the future will be even more grandiose.
However, not the whole world uses the new opportunities provided by the cryptocurrency.
But already there are whole countries that accept the crypt as a means of payment.
At the same time, there are also countries in which the use of cryptocurrencies is punishable by a prison term.
Let's analyze these countries.

Where is it forbidden?

❌Ethiopia (the use of cryptocurrencies is illegal).
❌Bangladesh (prohibits any activity with digital currencies. The penalty is a prison term under the article for money laundering).
❌China (any manipulation of cryptocurrencies is prohibited — mining, trading and transactions).
❌Vietnam (the issue, supply and use of cryptocurrencies as a means of payment are prohibited. The fine for violation is up to $ 9,000, after repeated violation — imprisonment. The transportation of mining equipment is also illegal. At the same time, it is not prohibited to trade and store crypts as assets).
❌Iraq (the circulation of digital currencies is prohibited. Criminal liability has been introduced. At the same time, mining is legalized).
❌Egypt (prohibition of any actions with the crypt).
❌Bolivia (cryptocurrency is an illegal means of payment, a ban on any activity).
❌Qatar (ban on any operations with the crypt. Penalty for violation of the law).
❌Macedonia (the use of Bitcoin and altcoins is illegal).
❌Nepal (any transactions with cryptocurrency are recognized as illegal).
❌Algeria (operations on storage, purchase, sale and any use are prohibited. Penalty for violation of the law).
❌Morocco (prohibition of any actions with the crypt. Penalty for violation of the law).

Where is it allowed?

✅Iran (it is allowed to pay with crypto for imported supplies of fuel, electricity and goods from the mining industry).
✅Germany (it is allowed to issue, mine, own and trade virtual money, you can also pay in stores with bitcoin).
✅Italy (you can pay in stores, while legally the crypt is not a means of payment).
✅Spain (you can legally use cryptocurrency to pay for electronic payments).
✅Canada (you can pay in stores, while legally the crypt is not a means of payment).
✅Salvador (Bitcoin is an official means of payment).
✅Panama (it is allowed to pay taxes and make private transactions with the crypt).
✅USA (in some states, such as Colorado, you can pay taxes with bitcoin via PayPal).
✅Switzerland (you can pay for utilities and other services with bitcoins).
✅Central African Republic (legalized Bitcoin as a means of payment).
✅Estonia (crypt is used as an alternative means of payment).
✅Japan (bitcoin and ethereum can be used as a means of payment, and stablecoin will become an official means of payment from 2023, but only licensed banks can legally issue it).

So far, only two countries have officially approved bitcoin as a means of payment, and several dozen countries allow the use of crypto as a settlement currency.

Use cryptocurrency, Be careful and don't break the law!

Traders, if you liked this idea or have your own opinion about it, write in the comments. I will be glad 👩 💻