Crypto

Which countries allow cryptocurrencies?

Cryptocurrencies are increasingly being used around the world. While some have chosen to make it their national currency, others have banned it. Today, there are about 20,000 cryptocurrencies exchanged in the world for an approximate value of $1.7 trillion. About $91 billion is traded every 24 hours, mostly in bitcoin and ethereum.

For a number of countries, digital currencies are a way to combat inflation, the devaluation of national currencies, or excessive dependence on the dollar. These situations have prompted countries to adopt bitcoin as their national currency, such as El Salvador and the Central African Republic. 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 excessive dependence on the dollar. These situations have prompted countries to adopt bitcoin as their national currency, such as El Salvador and the Central African Republic. If this use of bitcoin allows us to free ourselves 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 collapse of these digital currencies. In Belgium, the use of cryptocurrencies is legal, as in all EU countries. The European Union has recently risen to the top spot in the global cryptocurrency market in terms of the number of transactions. The ever-increasing volume of cryptocurrency transactions in the European Union is such that the value of the European market in 2021 was nearly one trillion dollars of cryptocurrencies. While there are country-specific laws on the use of cryptocurrencies in economic life, the EU still wants to establish some common ground for these transactions. European leaders are working on the Crypto Asset Market Regulation (MiCA) to establish a legal framework for transactions related to cryptocurrencies, including bitcoin and ethereum. % of the Americas), 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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