A few days ago, crypto-assets were hit by falling prices which caused investors to be wary. A lot of news about the decline in the price of several crypto assets is the aftermath of the sell-off due to concerns about the effect of Evergrande Group, the policies of the Federal Reserve, and the ban from China.
However, the negative news was able to be crushed because, at almost the same time, positive news came from Twitter which will soon launch a bitcoin transfer feature.
Not only that, some countries have accepted to use crypto. Here are the lists:
The United States of America
The United States certainly entered as the first country to accept the use of crypto. JP Morgan and Bank of America (BoA) also accept crypto-asset investment management and provide crypto products.
The UK is one of the countries that has also accepted the use of crypto asset. A multinational fintech company from the United States, Paypal, chose the UK to expand their crypto services after the inauguration of the service in the United States last year. Paypal provides Bitcoin, Ethereum, Litecoin, and Bitcoin Cash trading features for customers in the UK.
In Japan, the use of crypto asset has a high number of transactions. Due to the very high interest, the Japanese government officially legalized bitcoin as a legal currency in digital commerce. This endorsement is marked by the number of retailers who accept payments with bitcoin.
El Salvador, a country in the Central America region, became the first country to adopt Bitcoin as an official means of payment. The historic day of bitcoin as a legal tender in El Salvador in the first week of September.
In Indonesia, bitcoin and crypto are not allowed to be used as payment instruments. Because the official payment instrument used in Indonesia is fiat money, namely rupiah. However, even though it is prohibited as a means of payment, crypto assets are classified as a commodity and are officially regulated under BAPPEBTI.
Wow, it turns out that more and more countries have accepted crypto. So, what do you think? Will bitcoin and crypto be accepted in many countries in the future?
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