Forex and Crypto News

Bitcoin can be legally used in 111 countries

15:29 11 February /2019

According to the Coin Dance service, Bitcoin has been legalized in 11 countries.

Analysts emphasize that Nigeria occupies a special place in the ranking, where Bitcoin operations can be carried out, but such transactions do not comply with local legislation.

According to the latest data, over the past 24 hours, the total volume of transactions with the pair BTC/the Nigerian naira amounted to about 0.03% of the total volume of transactions with Bitcoin.

In Indonesia, operations with Bitcoin are not formally prohibited, but they are “limited”.

In Vietnam, you can legitimately invest in Bitcoin and keep savings in such an asset, but it is prohibited to use the coin as a payment instrument.

The operations with Bitcoin are fully prohibited in Muslim countries such as Afghanistan, Algeria, Bangladesh, Pakistan, Saudi Arabia, and Qatar. In addition, the use of Bitcoin is prohibited in Bolivia, Macedonia, and Vanuatu.

The researchers note that transactions with Bitcoin are also limited in India and China.

At the time of publication, the price of BTC is $3,643, however, some analysts believe that the coin is preparing for a rally, which we will occur in the near future.

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