There are two to three reasons why Bitcoin is not valid in my country, but I think it should be adopted by our country.Some of the policymakers of our country are not accepting it, but many policymakers want to accept it again but cannot give them to grow.I am a Bangladeshi citizen I wanted to be allowed to use this coin in my country also not authorized directly but indirectly many organizations are using it in a third party but for us, it is Many obstacles.If bitcoin system launched in my country it is possible to make friendship with many countries like Russia using cryptocurrency under their ban, so they have survived many economic disasters has But if there is a lot of discussion about it, it might be allowed.This currency is completely banned in Bangladesh but can be transacted through some wallets like Bikash Wallet.
****There are no Bitcoin ATMs in Bangladesh, but they are added or supported by Binance.

There might be people from either of the countries in this forum, so they will want to tell us about it. Or are you suggesting that since we know only two countries made bitcoin a legal tender, we shouldn't mention it again.

Yes, I will really love to know the level of bitcoin acceptability in the bitcoin friendly countries and if they can say about bitcoin taxation, it will also be fine.

Well in the Philippines, government doesn't really have any restrictions about Bitcoin since there's a lot more of issues that they need to solve first than Bitcoin. Since Bitcoins is not that popular to the people here especially the adults one which they are not involved in crypto thinking its a fraud or a scam. Mostly the people who's involved are the new generation one due to they are influenced by the media and in the internet. Last time I've heard government concerning about crypto is about NFT game axie where they are trying to put taxes but they cannot since it's decentralized.

Our country is just trying to leech as much taxes as they could but they are completely fine having bitcoin trades of any type. That is currency to currency or currency to whatever is possible. I am more or less happy that at least we do not have to worry about our accounts getting banned.

We pay 1% TDS at the financial year end on only bitcoin to altcoin exchanges that happen on any exchanger. This is traced as exchangers are subject to submit the trade data to authorities during that financial year. Secondly we have to pay 30% taxes on the bitcoin sell to local currency and any profits that we got from such sells.

However, this is again calculated based on various expenses, income slot during that financial year.

It’s pretty much easy if you have business and you can end up paying less as compared to what is given. The country is India.

I'm from Indonesia and here are some points about crypto that I understand so far and that still apply.

- Crypto assets in Indonesia are not products like money, but they are commodities and this is regulated by BAPPETI (a government agency that regulates commodities)

- Crypto assets cannot be used as a means of payment in Indonesia. The only official and valid medium of exchange in Indonesia is IDR (Indonesian Rupiah)

- Every crypto trade will be subject to a tax of 0.1% of the transaction amount through the official exchanger in Indonesia.

Maybe there are still some points that I haven't included, but the points above are important points that need to be paid attention to when using crypto in Indonesia.

Bitcoin is not allowed in the country where I live and Bitcoin users are considered criminals in our country. If a user is caught doing Bitcoin transactions then the law holds him guilty and he is brought under the law on conviction. Our country's government, mobile banking institutions or our country's top news media always make negative campaigns about Bitcoin. We who are Bitcoin users take a lot of privacy then use Bitcoin. Although Bitcoin is not directly approved in our country, a large number of people use Bitcoin. A significant number of people use Bitcoin, which is why the government is so strict with Bitcoin. If the maximum number of people in the country use Bitcoin, it will be very challenging for the government of our country to maintain its economic system.

CAR rejected BTC as a legal tender a long time ago, and I don't understand why people keep repeating it as if something will change if we still believe that Bitcoin could have succeeded in a country where 90% of people do not have access to the internet. Even if you go to El Salvador, you cannot count on being able to pay with BTC anywhere, the law is one thing, but the reality is something completely different.


I assume you mean Slovenia, which is often mentioned (although I don't see any particular reason), because Portugal or Germany are also very friendly countries when it comes to Bitcoin, especially taxes. As for Honduras, it is not true that Bitcoin is legal tender there, but it is a tourist project of the Santa Lucia enclave called Bitcoin Valley. A similar thing exists on the Philippine island of Boracay, and BTC is not legal tender there either.

Your idea that Bitcoin can only prosper if it is legal tender is completely wrong, because forcing someone to use something they don't want is counterproductive in most cases.

The Nigerian Government through CBN and its policies is kind of playing policies here with its contradicting laws and regulations on  Bitcoin and cryptocurrency.

The past administration was not very friendly with cryptos and I can recall vividly the stress it costs most of us "Bitcoiners and crypto enthusiasts" here in Nigeria to try to bypass this ban on crypto transactions, even to the extent of having our ATM cards get blocked and bank accounts banned as well, as a result of being involved in crypto-related transactions then,

However, the situation is a bit calm now but the ban has not been lifted and we no longer feel the impact much as compared initially,  as most of us have resorted to alternative means to purchase Bitcoin like through P2P, and the rest with no hindrance and despite we have a new government in place, they haven't come out with regulatory clarity.

I am from Bangladesh. Not only Bitcoin but any kind of cryptocurrency is prohibited from use here. You can get into jail just by owning any cryptocurrency. Here's an article you can read on this matter.

Bangladesh Bank has once again asked all to refrain from doing trading of any kind of virtual coin or cryptocurrency in the country.
The banking regulator made the call as the definition of "currency" given by the Foreign Exchange Regulation Act, 1947 does not recognise virtual currencies.
Virtual currencies [subset of virtual assets] is not approved by the central bank to settle any type of foreign exchange transaction or making those for investment as per the act, according to a BB notice.
Virtual currencies or virtual assets have no financial claim embedded and neither issued by any sovereign nor guaranteed by any jurisdiction.
Thus, their value is highly volatile and associated with high financial risks.
The BB in the notice said borderless transactions of unregulated virtual currencies are growing fast and being exchanged with some other foreign currencies.
Treating virtual currency as an alternative form of foreign exchange transactions is contravention of the act.

Source: [click here]

Three people were arrested for owning cryptocurrency in the past year. And now many digital banking platforms are prohibiting to exchange crypto for fiat using their services. They made banners and spread them all over the country.

The fate status of bitcoin in different countries is changing very rapidly and in order to keep track of this, need to constantly monitor information about the specific country you are in or are planning to go to. Therefore, in order for your topic to work, it will need to be constantly updated.

For the most part, there will be few countries mentioned here in which it will be possible to live the life of a bitcoiner, which will lead to this topic being spammed with posts like “btc is banned in my country.” It will be easier if we proceed from the opposite: don't mention countries in which bitcoin is prohibited (or mention briefly), but rather concentrate more on information about those countries in which BTC is not prohibited and what goods and services can be used to pay for them. That is, real and useful cases that can really be useful to bitcoiners when moving or going on vacation to another country.

That is, I propose to narrow the topic from “the status of bitcoin in their country.” to “in which countries and how can bitcoin be used by visitors/locals.”