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  2. Legality of cryptocurrency by country or territory - Wikipedia

    en.wikipedia.org/wiki/Legality_of_cryptocurrency...

    Bitcoin was made legal tender in the country through the Bitcoin Law, which was passed on 8 June 2021, [42] [43] and took effect on 7 September 2021. [ 44 ] [ 45 ] During the first month, the Salvadoran Foundation for Economic and Social Development reported that 12 percent of Salvadoran consumers have used the cryptocurrency, however, 93 ...

  3. Virtual currency law in the United States - Wikipedia

    en.wikipedia.org/wiki/Virtual_currency_law_in...

    The only limitation of Bitcoin is that it is limited to those places that accept it as currency. However, it can also be exchanged for conventional currencies, such as the U.S. dollar, Euro, Yen, and Yuan. Therefore, Bitcoin is a currency or form of money, and investors wishing to invest in BTCST provided an investment of money."

  4. Bitcoin Law - Wikipedia

    en.wikipedia.org/wiki/Bitcoin_Law

    According to Ernst & Young, the adoption of bitcoin as legal tender by El Salvador could have consequences for US taxpayers holding the cryptocurrency, because "If more countries adopt bitcoin as legal tender, the US federal income tax treatment of bitcoin could change. Instead of being treated as an investment that is a capital asset, bitcoin ...

  5. Bitcoin surges past $100k for first time - AOL

    www.aol.com/seven-wild-moments-turbulent-story...

    In September 2021, President Nayib Bukele of El Salvador, central America, made Bitcoin legal tender. Hairdressers, supermarkets and other shops had to accept Bitcoin by law, alongside its main ...

  6. Bitcoin reaches new all-time high of $107,000 after Trump ...

    www.aol.com/finance/bitcoin-reaches-time-high...

    Of course, countries that either buy or hold Bitcoin run the risk of the currency losing value. El Salvador, the first country to make Bitcoin legal tender, lost $60 million on its Bitcoin bet in ...

  7. El Salvador became the first country to accept Bitcoin as ...

    www.aol.com/finance/el-salvador-became-first...

    In 2021, El Salvador became the first country to adopt Bitcoin as legal tender, mandating that businesses accept the leading cryptocurrency as a form of payment and rolling out a digital wallet ...

  8. Bitcoin - Wikipedia

    en.wikipedia.org/wiki/Bitcoin

    In March 2013, the US Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as bitcoin, classifying American bitcoin miners who sell their generated bitcoins as money services businesses, subject to registration and other legal obligations. [26]

  9. History of bitcoin - Wikipedia

    en.wikipedia.org/wiki/History_of_bitcoin

    In the US, the Financial Crimes Enforcement Network (FinCEN) established regulatory guidelines for "decentralized virtual currencies" such as bitcoin, classifying American bitcoin miners who sell their generated bitcoins as Money Service Businesses (or MSBs), that may be subject to registration and other legal obligations.

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