In which countries are cryptocurrencies legal?  - Finance

In which countries are cryptocurrencies legal? – Finance

Cryptocurrencies are increasingly used around the world. While some have decided to make it their national currency, others have banned it. Today nearly 20,000 cryptocurrencies are exchanged in the world for an approximate value of 1.7 trillion dollars. Every 24 hours, approximately $91 billion is traded, mostly in Bitcoin and Ethereum.

For a number of countries, digital currencies are a way to combat inflation, the devaluation of national currencies or an overreliance on the dollar. These situations have prompted countries to adopt Bitcoin as their national currency, such as El Salvador and the Central African Republic, for example. If this use of bitcoin allows…

For a number of countries, digital currencies are a way to combat inflation, the devaluation of national currencies or an overreliance on the dollar. These situations have prompted countries to adopt Bitcoin as their national currency, such as El Salvador and the Central African Republic, for example. If this use of bitcoin allows emancipation from the dollar and gives hope to the emerging middle class where technology is synonymous with modernity and progress, it also puts countries in a delicate situation with the crash of these digital currencies. . In Belgium, the use of cryptocurrencies is legal as in all countries of the European Union. The European Union has recently risen to first place in the world crypto-currency market in terms of transaction. The volume of transactions involving cryptocurrencies within the European Union, which is constantly growing, is such that the value of the European market in 2021 represented nearly one trillion dollars worth of cryptocurrencies. Although there are country-specific laws for the uses of cryptocurrencies in economic life, the EU still wishes to establish a certain common basis for these transactions. European leaders are working on the Market in Crypto Assets (MiCA) regulation to set a legal framework for transactions involving cryptocurrencies, including Bitcoin and Ethereum.After Europe, America is the continent that matters the most countries authorizing crypto-currencies (18 countries or 51.4% of the American continent), followed by Asia with 16 countries (or 34% of the Asian continent), Oceania with 3 countries (18.7% of the continent) and finally Africa with 9 countries (17.6% of the continent).

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