In June 2021, El Salvador became the first country to adopt bitcoin as legal tender, though its de facto adoption by the people has been a challenge for the Salvadoran government.
Is Bitcoin legal in any country?
Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K. Several countries have made it illegal to use Bitcoin, including China and Egypt.
How many countries allow Bitcoin?
El Salvador.\n\n This is the only country so far that recognizes Bitcoin as legal tender. Before this action, it was recognized as the risk of the investor. Bitcoin investors should rejoice. Bitcoin as legal tender in any country is a huge event, one that deserves all the press it has been getting.