Which country use Cryptocurrency the most?

According to Triple-A, India has more cryptocurrency holders than any other country, i.e., more than 100 million. Yes, in India, more than 100 million people owns cryptocurrency….Top 10 Countries With The Most Cryptocurrency Holders

• India 100 million.
• USA 27 million.
• Russia 17 million.
• Nigeria 13 million.
• Brazil 10 million.

Is bitcoin and Cryptocurrency legal?

As of June 2021, bitcoin was legal in the U.S., Japan, the U.K., and most other developed countries. India banned banks from dealing in bitcoin and left the overall legal status of cryptocurrencies unclear. In general, it is necessary to look at bitcoin laws in specific countries.

In which country Cryptocurrency is legal?

El Salvador
El Salvador on Tuesday has become the first country in the world to accept bitcoin as legal tender, despite widespread domestic skepticism about cryptocurrencies and international warnings of risks for consumers.

Which countries are finally accepting bitcoin as a legal mode of payment?

Malta has added its name to the long list of countries that are finally accepting bitcoin and other cryptocurrencies as a legal mode for digital transactions. The cabinet of Malta recently approved the bills regarding the regulation of cryptocurrency and ICOs in the country, which officially makes it a fully fledged crypto-legal country. 6. Canada

Is bitcoin a legal tender?

But, except for El Salvador, no other country has so far given Bitcoin, or any other cryptocurrency, the status of a legal tender. In many of these countries, like the US, Canada and India, trading in these virtual currencies is allowed. Some like China and Russia, however, are against allowing trading in cryptocurrency.

Are cryptocurrencies regulated in different countries?

In fact, there are many countries with different cryptocurrency regulations. Some of them even single out Bitcoin, allowing it to be used as money, pay taxes, purchase goods, or trade it like a commodity. In other countries, even the mere possession of Bitcoin can get you to prison.

Are Bitcoin and cryptocurrencies banned in some countries?

Bitcoin and cryptocurrencies are generally welcomed in most parts of the world. Nevertheless, some countries have actually banned them or their use.