How Different Countries Relate to Bitcoin
1 min readMar 3, 2020
Great Britain
Today, the UK is a leading innovation and financial center. There are a huge number of projects related to the extraction of bitcoins and blockchains. The state is gradually preparing for who cryptocurrencies will become a global currency and are already introducing it at home. Today in some London bars you can pay with bitcoins, and this already says a lot.
In England, bitcoins are considered private money, that is, VAT is withdrawn only from those who provide any services or sell goods for bitcoins. Profits are taxed according to the same pattern as in America.
Other countries
In addition to the above countries, Bitcoin has been recognized and legalized in countries such as:
- Australia;
- Estonia;
- Denmark;
- South Korea;
- Sweden;
- Netherlands;
- Finland.
