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Another reason for the trend Asia and South America are now more than million cryptocurrency world when it comes to.

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Saint Kitts and Nevis.

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El Salvador started to acquire BTC back in September of , as part of the strategy of adoption started with the Bitcoin Law. Bukele posted on. Quick Take. El Salvador President Nayib Bukele said the nation's bitcoin portfolio is now in the black by about $ million after being in. See the full list of countries and regions that have passed laws to allow cryptocurrency to be used as legal tender. Play our game to guess which country.

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Read Edit View history. Chainalysis found the following 10 countries to have the most substantial rates of crypto adoption in in descending order :. The law also establishes the creation of the National Commission for Digital Assets and the Bitcoin Funds Administration Agency, which will be in charge of managing, safeguarding, and investing the funds from public offerings of digital assets carried out by the government. As part of the law, prices are now sometimes listed in bitcoin, tax contributions can be paid with the digital currency, and exchanges in bitcoin will not be subject to capital gains tax. Nearly one out of three respondents to Statista's survey in Nigeria, for instance, mentioned they either owned or use a digital coin, as opposed to six out of respondents in the United States.