Bitcoin is becoming popular day by day. Reduce people's interest in easy transactions and price Rise. Some countries questioned the legitimacy and questioned. However, many countries of the world have given legitimacy to Bitcoin. We need to know about this issue for those new people. Those who did not know what to expect and would benefit them. Bitcoin has been given the list of validity and cancellation.
Bitcoin countries to get legitimacy:
Solvenia, Switzerland, Ukraine, Denmark, Estonia, Finland, Iceland, Lithuaia, Norway, Russia, Sweden, Bosia & Herzegivina, Bulgaria, Greece, Italy, Malta, Portugal, Spain, Belgium, France, Ireland, Luxembourg, Netherlands, United Kingdom, Australia, New zealand, Morocco, Nigeria, South Africa, Namibia, Zimbabwe, Canada, United States, Mexico, Nicaragua, Jamaica, Trinidad and Tobago, Argentina, Brazil, Chile, Colombia, Cyprus, Israel, Saudi Arabia, Jordan, Indonesia, Malaysia, Philippines, Singapore, Thailand, Croatia, Czech Republic, Germany, Hungary, Poland, Romania, Slovakia, Vietnam, Lebanon, Turkey, Iran, India, Pakistan, China, HongKong, Japan, South Korea, Tuiwan .
Bitcoin Cancellation Countries:
Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
During its decade of appearance, the adoption of Bitcoin has grown very rapidly. The cryptocurrency with the largest capitalization in the world has been legally accepted in more than 100 countries. While in many other countries, the legal status of Bitcoin is still doubtful or regulated by a number of restrictions. However, there is the most widely used currency in trading fiat-Bitcoin currencies. One of them is the Nigerian naira currency. In that country, Bitcoin has not yet obtained official legal status. But in the fiat-Bitcoin trade, Naira controlled a market share of around 0.03 percent (239.35 BTC). As for countries where Bitcoin is considered illegal, there are not many. Only 10 countries, namely Afghanistan, Algeria, Bangladesh, Bolivia, Pakistan, Qatar, Republic of Macedonia, Saudi Arabia, Vanuatu, and Vietnam.
While countries where Bitcoin is classified as "limited" there are nine countries. Two of them are the largest countries, namely China and India. The fact that bitcoin can be used anonymously to conduct transactions between users, anywhere in the world, makes it very attractive to carry out criminal activities such as money laundering. So, the government accuses digital currency of being a tool for criminals to buy and sell illegal goods such as drugs or weapons even though it is a false accusation.