This modern era is of Globalisation and technology simultaneously is growing to the next level. Now we are performing such tasks that were earlier considered to be somewhat near impossible. The most astonishing fact or phenomenon for mankind is duly establishing the intangible form of money, which is now commonly known as Digitized Money. This concept did not stop here, people by performing loads of hard work and implementing their creative thoughts have introduced a new form of currency that was earlier completely alien to people.
The amazing fact about the same is that gradually its popularity amongst people has increased exponentially. Earlier the stock market was the only platform for investment and it was considered to be the only place where just in a shorter time good profits could have been made. But the scenario is different, Concept of Cryptocurrency has given cut-throat competition to the other investment platforms and has successfully established itself to be a reliable investment option. There are some countries that have duly embraced the concept of cryptocurrency and have given it a sanctity similar to the tangible form of currency.
The United States of America
The United States of America is one of the top-most countries which have duly embraced the concept of Cryptocurrency and have given it a place in its economy. The United States has introduced Bitcoin and certain other forms of Cryptocurrencies as a regular mode of making payments at places such as Departmental Store, Hotels, Restaurants, shopping malls etc.
The currency prevailing situation in the USA is that almost every potential investor is investing their money in Bitcoin and as a result of which the USA is on its way of becoming a Nation having the maximum number of Bitcoin traders. If you are interested in bitcoin trading visit the official App
Japan
Throughout the world, Japan is the Country having the maximum number of Bitcoin Traders. The Government of China has enacted various statutes pertaining to the regular, uniform and legal flow of Cryptocurrency throughout the country.
In the past few years, various Cryptocurrency exchanges have migrated to China as the place has indeed become a Crypto hub.
Besides that, the Japanese government from time to time organizes campaigns and meets to motivate its natives to start investing their sums in Cryptocurrency trading activity.
Australia
Right from the year, 2017 Australia has embraced Bitcoin and certain other forms of Cryptocurrencies. At present, it is completely legal in Australia to get engaged in the activity of Bitcoin Trading. The Natives of Canada to some extent have begun to involve in the activity of Cryptocurrency Trading. The Australian Government has categorized Cryptocurrency to be a Capital Asset and moreover, has subjected the income/profit earned out of the same to be Taxable in nature.
Germany
There is a unique fact prevailing in Germany pertaining to Cryptocurrency trading. Though Germany has not Legalised the concept of Crypto trading, but still the sovereign authority of Germany has embraced Cryptocurrency as a mode of making payment having equal sanctity and value as of money. Besides that, it is completely feasible for the Germans to make payments at various places through Cryptocurrency as local merchants do to hesitate to accept the same in the form of Digitized currency.
South Korea
The other country in the list of countries having embraced Cryptocurrency as a Legal Tender and a mode of paying off bills. The South Korean government a few years ago had declared Bitcoin and certain other forms of Cryptocurrencies to be Legal in nature. Various Bitcoin exchanges have also been established in South Korea at present.
Final thoughts
The above-mentioned countries at present have completely embraced the cryptocurrency and have duly introduced the same in their economy as a Legal tender. I hope this information will be useful for you.
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