Seventeen countries or organizations have already legalized cryptocurrencies, including those that will open in the future. With the influx of fresh blood, the future of the crypto world will only get better!

Countries that have legalized cryptocurrencies include:

Americas

  • United States: There are significant differences in regulatory policies for cryptocurrencies among states, but the overall trend is leaning towards positive development, with some states clearly allowing cryptocurrencies as a payment method.

  • Canada: The policy is relatively open and has a friendly attitude towards the trading and use of cryptocurrencies.

  • Brazil: As a major economy in South America, Brazil has shown a positive attitude towards cryptocurrencies and has recognized them as legal.

  • El Salvador: Became the world's first country to adopt Bitcoin as legal tender in June 2021.

  • Argentina: President Milei plans to launch a 'free currency circulation' policy in 2025, allowing the public to freely choose the currency for transactions, including Bitcoin.

Europe

  • European Union: In October 2015, the European Court ruled that exchanges of virtual currencies such as Bitcoin are exempt from VAT, and member states must exempt transactions related to 'currency, banknotes, and coins that are legal tender.'

  • Switzerland: Known as the 'cryptocurrency paradise,' especially in Zug, it aimed to create a 'crypto nation' in 2018, providing a friendly environment for blockchain enterprises.

  • Malta: Known as 'Blockchain Island,' it is very friendly to the cryptocurrency industry and excels in cryptocurrency payments, regulatory framework, and business environment.

  • Austria: Allows cryptocurrencies as a payment method.

Asia

  • Japan: Recognized Bitcoin as a legal payment method since 2017, making it one of the first countries to legalize cryptocurrencies globally.

  • Singapore: Leading in blockchain technology and related policies in Asia, with over 100 registered cryptocurrency companies, it is one of the centers for blockchain technology in Southeast Asia.

  • South Korea: Gradually allowing legal trading and implementing strict market regulation, it has an active market in the cryptocurrency and blockchain sectors.

  • Central African Republic: Announced Bitcoin as legal tender in 2022, becoming the second country in the world to adopt this policy.

Other regions

  • Australia: The policy explicitly supports the development of cryptocurrencies.

  • New Zealand: Allows cryptocurrencies as a payment tool.

  • Ukraine: Expected to officially legalize cryptocurrencies in the first quarter of 2025.

  • Morocco: The country's central bank, Bank Al-Maghrib, is preparing a draft law for cryptocurrency regulation, planning to legalize all cryptocurrencies.

For those watching closely, many countries are preparing to open cryptocurrency policies by 2025, which means there will still be a wave of fresh blood entering the crypto space in 2025, so let's be ready to welcome them! 😁