Bitcoin Is Entirely Legal in More Than 111 Countries Worldwide

[Goodcat49]

One decade down the road, Bitcoin, the flagship cryptocurrency, has managed to jump to fame and adoption beyond borders, surpassed the expectation of any cryptocurrency maniac or even its real inventor Satoshi Nakamoto. Coin Dance, a crypto pioneer, recently carried out a survey and found out that BTC is currently entirely legal in more than 111 great countries globally.

The Coin Dance survey indicates that only 10 out of 251 countries regard BTC as outright illegal.

The survey further alludes that there are 9 nations including China and India, where the use of BTC is regarded as “Restricted.” Some of the countries where Bitcoin is legal include Japan, United States, South Korea, Italy, De Netherlands, United Kingdom, Sweden, Russia, Brazil, South Africa and many others. The Bitcoin market in Italy increases day by day and the country is now ranked in the fourth position to use BTC globally.   

In several countries where Bitcoin isn’t being listed as legal, is due to the fact that BTC’s legal status is yet to be ascertained, putting into consideration that the BTC’s first transaction ever happened in 2009.   

The fruits of Bitcoin become more visible when the basics of the digital currency challenge the centralized systems of financial institutions and the governments at large.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bitcoin-entirely-legal/