Countries Where Usage Of Bitcoins Have Been Approved and Banned In 2020

Bitcoin as it is has it pro's and con's , since it's existence the effect it had on transacting is very overwhelming as it opened a whole new doors to the financial world of which a lot of Cryptocurrencies have been built to follow and even modify it functions to suit there purpose better; as many cryptos continue to be launched and modified with time.








Bitcoin is no doubt the pacesetter as it has been proven to be the most adopted of all Cryptocurrencies, and it is all around the world.

Bitcoin and other Cryptocurrencies are no doubt something to invest in but they are subject to a lot of happenings, it's usability is now also dependent on the economic environment due to restrictions from some countries and some countries looking to stop the usage of the coins or control the asset.

Countries Where Bitcoin Is Legal.

Despite the ban on bitcoin and other Cryptocurrencies, some countries have been able to adopt the asset by enabling it to blend with their economies and having it recognised by the law.

Countries like the United States, United Kingdom and Canada are known for having a very Cryptocurrency friendly environment, though there are a lot of countries where Cryptocurrencies are legal; but we also have some countries where it is both legal and illegal that is a well visible law or bill have not been passed on the digital asset.

Below is a list of bitcoin friendly states, where Cryptocurrencies are legal and allowed to be traded.

°The United States

°The United Kingdom

°Ukraine

°Switzerland

°Germany

°Singapore

°Belarus

°Hong-Kong

°Lithuania

°The Netherlands

°Malta

°Slovenia

°Russia

°Estonia..........






Countries Where Bitcoins Are Neither Legal Nor Illegal.

These are countries that haven't been able to fully adopt the asset as it can be owned and traded within their bothers, both haven't been fully recognised by the law yet leaving the asset with an unknown status prone to either a ban or acceptance in the future. Users of Cryptocurrencies living in these countries should know that usage still stands are chance of being banned or accepted.

Here is a list of countries where Bitcoin is yet to be fully recognised by the law ;

°Tanzania

°Nigeria

°Peru

°France

°Paraguay

°Mauritius

°Argentina

°Andorra

°The United Arab Emirates

°Uruguay

°South Africa

°Panama

°The Maldives

°Malaysia

°Kyrgyzstan

°Kosovo

°Kenya

°Jordan

°Colombia

°Barbados

°Tunisia

°Gabon






Countries Where Bitcoin Is Illegal

Here are some list of countries that have banned the use of Cryptocurrencies as a means of exchange.

°China

°India

°Afghanistan

°Pakistan

°Algeria

°Bolivia

°Quatar

°Vanuatu

°Vietnam

°Bangladesh

°The Republic of Macedonia

°Saudi Arabia

°Ecuador

°Indonesia

°Morocco

°Zambia

°Nepal

°Egypt

°American Samoa

Despite the ban on bitcoins in these. regions that didn't stop the usage as it is still well known and traded in this regions, due to the decentralised nature of bitcoins.