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Home Cryptocurrency News Bitcoin News Bitcoin can be legally used in over 100 countries

Bitcoin can be legally used in over 100 countries

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According to the Coin Dance service, by now Bitcoin has 111 states that legalized to one degree or another.

Resource analysts emphasize that Nigeria occupies a special place in the ranking, where bitcoin operations can be carried out, but such transactions do not comply with local legislation.

According to the latest data, over the past 24 hours, the total volume of transactions using BTC paired with the Nigerian naira amounted to about 0.03% of the total volume of transactions with the largest digital currency.

In Indonesia, bitcoin operations are not formally prohibited, but they are “limited”.

In Vietnam, you can legitimately invest in Bitcoin and keep savings in such an asset, but it is prohibited to use the coin as a payment instrument.

itcoin operations are fully prohibited in Muslim countries such as Afghanistan, Algeria, Bangladesh, Pakistan, Saudi Arabia and Qatar. In addition, the use of Bitcoin is prohibited in Bolivia, Macedonia and Vanuatu.

The researchers note that transactions with the main cryptocurrency in India and China are of limited status.

At the time of publication of this review, the BTC price sank to $3,665, however, some analysts believe that the coin is preparing for a rally, which we will be able to see in the near future.

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