Germany: The first country in the world to recognize the legal status of bitcoin
In August 2013, Germany announced its recognition of the legal status of Bitcoin and has been incorporated into the national regulatory system. Germany is the first country in the world to recognize the legal status of Bitcoin.
Japan: Defining Bitcoin as an Asset
In June 2014, the ruling Liberal Democratic Party of Japan stated that it decided not to regulate Bitcoin temporarily. In August 2015, the CEO of Mt.Gox was arrested and the Japanese government considered bitcoin regulation. In May 2016, Japan approved for the first time the Digital Currency Supervision Act and defined it as property.
Canada: Recognizing Bitcoin's "Currency Status"
In December 2013, the worlds first Bitcoin ATM machine was put into use in Vancouver. Many native Bitcoin entrepreneurs chose to relocate to Canada for entrepreneurship because of regulatory issues in different US states.