Where is bitcoin legal tender

where is bitcoin legal tender

500.00 in bitcoins

On 5 FebruaryThe a payment tool is banned, a circular informing financial institutions under the Financial Services Act and Financial Matters, with sanctions that includes the seizure of cryptocurrencies and any product acquired they are legal.

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Where is bitcoin legal tender 678
Playing crypto games As of , Portugal had no specific legal framework for Bitcoin. Archived from the original on 24 September Legal On 2 September , a decree legalizing crypto trading � also making it tax-free � and mining in the country came into force, making Uzbekistan a crypto-friendly state. Caribbean Netherlands. Exchanges generally accept your bitcoin and credit your exchange account, which you can then transfer to your bank account. As of November , bitcoin was legal in the U. South Korea.
Dmtr crypto The government has since provided some clarity with its new crypto legislation in In spite of the ban, peer-to-peer bitcoin purchases thrive in the country and the central bank was considering launching a digital currency. Archived from the original on 25 August Retrieved 27 July Main article: Bitcoin in El Salvador. Thailand regulates cryptocurrencies including bitcoin as investment assets and revenue from crypto trading or mining can be reported as capital gains on income taxes.
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Where is bitcoin legal tender On 7 December , Bank Indonesia , the country's central bank, issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January In most cases, traditional banks do not accept bitcoin. Watchlist Portfolio. As far as being an asset class, opinions vary. Despite prior bans on initial coin offerings ICOs and on banks transacting cryptocurrencies, China grew to become one of the largest markets for digital assets until
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Bitcoin blockchain space

British Indian Ocean Territory. As of , Portugal had no specific legal framework for Bitcoin. Not considered currency In October , the Central Bank of Costa Rica issued a statement that Bitcoin and cryptocurrencies are not considered currencies, are not backed by law, and cannot be traded on Costa Rica's national payment system.