5 Countries Where Bitcoin is Legal and Illegal

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1. Republic of El Salvador

Bitcoin Legal or Illegal: Legal

The Republic of El Salvador is the world’s first country that recognized Bitcoin as a legal tender. Bitcoin was seen as a method for El Salvador to pay off its massive debts, and its president had announced in January that it would issue Bitcoin denominated bonds to pay off $688 million dollar of Eurobond debt. The country also has Bitcoin ATMs, but overall adoption of the currency remains low particularly due to low Internet adoption.

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