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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
According to a survey done by the Central American University 100 days after the Bitcoin Law came into force: 34.8% of the population has no confidence in bitcoin, 35.3% has little confidence, 13.2% has some confidence, and 14.1% has a lot of confidence. 56.6% of respondents have downloaded the government bitcoin wallet; among them 62.9% has ...
In 2021, the government of El Salvador made bitcoin legal tender.People could pay their taxes with it, and businesses were required to accept it. The government launched a "wallet," an app that ...
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 ...
In December, Bitcoin hit a record high price, in part because of optimism over the incoming administration. Crypto exchanges Coinbase and Kraken have also donated $1 million to the Trump inaugural ...
The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open ...
In January 2024, the first 11 US spot bitcoin ETFs began trading, offering direct exposure to bitcoin for the first time on American stock exchanges. [ 59 ] [ 60 ] In December 2024, bitcoin price reached $100,000 for the first time, as US president-elect Donald Trump promised to make the US the "crypto capital of the planet" and to stockpile ...
Donald Trump has been elected as the 47th President of the United States, defeating his Democratic opponent Kamala Harris. Trump’s victory propelled Bitcoin (CRYPTO: BTC) to a new all time high ...