Post
Topic
Board Legal
Re: Bitcoin in legal sense
by
BillCoin
on 01/11/2017, 07:36:43 UTC
Hi,

Are there countries that accept bitcoin as a real currency?
Do states have legal regulations related to bitcoin?

Thanks

For tax purposes, bitcoin will be classified by different countries in different ways.
The US government considers it as property.
You can start looking at the wikipedia article here and then investigate further.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Very useful link.

Just to add up, Japan is the only country that recognizes bitcoin as a sort of payment method and not as a digital asset, some people confuses and say that Japan accepts bitcoin, it is not true, the government sees it as a legal currency but not as a legal tender, they allow shops and stores to accept it and pay the regular taxes, but they do not force them to( as they do to a legal tender currency).