Which countries will end up adopting crypto as legal tender first? - page 2.

gentlemand

legendary

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Welt Am Draht

Quote from: andrey111 on February 13, 2018, 02:23:33 PM

Bitcoin is more or less legalized

In the vast majority of the world it's not illegal but not embraced either. Some will say Japan, but it's not legal tender there, it's just recognised as a legitimate payment method. That's still nowhere near legal tender.

Even when you can pay taxes with it such as in Switzerland and certain US states, it's probably treated along the same lines as Visa. It's a payment rail, not a currency. It gets converted to the local legal tender. With that treatment it's a totally different category.

andrey111

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Bitcoin is more or less legalized in Japan, Canada, America, Great Britain, Estonia, Australia, Denmark, South Korea, Sweden, the Netherlands, Finland.
In addition, some countries have taken this position when they officially do not give it legal status, but do not prohibit their use. In addition to Russia, to accept bitcoins as a new legal digital currency or not, think such countries as:
Belgium;
Colombia;
Czech Republic;
Germany;
New Zealand;
Israel;
Ukraine;
France;
Croatia;
Belgium;
Poland;
Hong Kong;
Slovenia;
Turkey;
Singapore;
Switzerland;
Spain

Mometaskers

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Not exactly crypto but it is at least digital.

Quote

http://nordic.businessinsider.com/sweden-cryptocurrency-e-krona-riksbank-2018-1/?r=US&IR=T

Unlike the petrocrypto, this is just basically the Swedish crown in digital format so it is backed up by their central bank. As mentioned, the primary reason for wanting to adopt this was the decrease in cash usage. This meant that transactions mostly go through banks (imagine the Americans usually using credit cards instead of cash).

LarryHolmes

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Attitude+knowledge+managing risk+timing= success

So far we have Venezuela proposing the petro. Russia is proposing their own. I know Estonia is very crypto and tech friendly.

Where else>

Topic: Which countries will end up adopting crypto as legal tender first? - page 2. (Read 287 times)