There are also other means of payment such as crypto values that can be used to pay. Please answer the following questions to find out whether you are allowed to pay with your desired means of payment.
With this map, you can find out whether payment with cryptocurrency is permitted in your desired country. Please click on your desired country for more information.
Egypt:
It is now illegal to trade in cryptocurrencies without a license. However, no licenses have been issued yet. This means that cryptocurrencies are effectively banned in Egypt.
Argentina:
Cryptocurrencies have become more popular in Argentina due to high inflation. Bitcoin and other cryptocurrencies have not yet been recognized as official means of payment. Regulations for companies and private individuals are relatively lax.
Australia:
Since 2017, it has been legal to trade and own cryptocurrencies and use them as a means of payment.
Bangladesh:
A strict ban on trading cryptocurrencies has been imposed in Bangladesh.
Bhutan:
Bhutan is even investing in Bitcoin and operating Bitcoin mining.
Brazil:
On June 14, 2023, a law was signed that clarifies the responsibilities of Brazilian authorities. This law gives the Central Bank of Brazil the power to regulate and supervise crypto service providers.
China:
In 2021, the Chinese government declared crypto transactions illegal and imposed a ban on Bitcoin mining.
El Salvador:
Bitcoin has been an official currency since September 7, 2021. El Salvador was the first country in the world to take this bold step.
India:
In the winter of 2021, a law was supposed to be introduced in India that would fully regulate cryptocurrencies. However, this did not happen, so crypto regulation in India is still pending.
Indonesia:
Indonesia has mild crypto regulations but strict anti-money laundering rules.
Iraq:
In Iraq, it is prohibited to use cryptocurrencies as a means of payment.
Iran:
A general ban on cryptocurrencies has been enacted in Iran.
Qatar:
A general ban on cryptocurrencies has been enacted in Qatar. However, this has hardly been enforced in practice so far.
Kuwait:
A general ban on cryptocurrencies has been enacted in Kuwait.
Malaysia:
Malaysia has mild crypto regulations but strict anti-money laundering rules.
Nepal:
A general ban on cryptocurrencies has been enacted in Nepal.
North Korea:
The North Korean government uses cryptocurrencies to circumvent sanctions. North Korea is also known to be behind many major crypto hacks.
Pakistan:
A ban is currently being planned in Pakistan.
Philippines:
The Philippines has lenient crypto regulations but strict anti-money laundering rules.
Russia:
In 2022, Vladimir Putin passed a decree legalizing cryptocurrencies but prohibiting their use as a means of payment. Russia has planned to introduce its own state-run crypto exchange.
Saudi Arabia:
In Saudi Arabia, transactions involving cryptocurrencies are prohibited at banks.
Singapore:
Singapore has mild crypto regulations but strict anti-money laundering rules. Many well-known crypto companies are also headquartered in Singapore, e.g., Huobi and MEXC.
South Africa:
In South Africa, both private individuals and companies can legally use cryptocurrencies. However, there are currently no plans to make Bitcoin or any other cryptocurrency legal tender.
South Korea:
South Korea has mild crypto regulations but strict anti-money laundering rules.
Thailand:
Thailand has mild crypto regulations but strict anti-money laundering rules.
Turkey:
Bitcoin and other cryptocurrencies are very popular in Turkey. Ownership and trading are permitted in Turkey. However, their use as a means of payment is prohibited by law.
United Arab Emirates:
Dubai is attempting to become the next global crypto hub.
Vietnam:
In Vietnam, it is prohibited to use cryptocurrencies as a means of payment.
Central African Republic:
The Central African Republic was the second country after El Salvador to introduce Bitcoin as an official currency. However, the introduction failed because only about 10 percent of the population has internet access.
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