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.
How many countries have Legalised cryptocurrency?
Recently, the LOC recognized 103 countries that have taken up initiatives for developing crypto regulations alongside the objectives for organizations dealing with cryptocurrencies.
Does India legalize crypto?
Cryptocurrencies are unregulated in India but in Budget 2022, the government announced a flat 30 per cent tax on gains from cryptocurrency transactions as well as a tax deducted source (TDS) of 1 per cent.