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Cryptonecta; a joint in the cryptoverse where we bring you the latest news on crypto assets, dApps and markets.
Cryptonecta; a joint in the cryptoverse where we bring you the latest news on crypto assets, dApps and markets.
Bitcoin is legal tender in El Salvador, Panama* and Roatán island in Honduras. BTC is also defacto legal tender Lugano City in Switzerland. It's considered as a valid form of payment and a virtual asset in Brazil.
Country | Region | Legal tender status | Adopted since |
---|---|---|---|
El Salvador | whole country | official legal tender | September 2021 |
Panama | whole country | Allowed for all legal transactions | September 2021 |
Switzerland | Lugano City | defacto legal tender | March 2022 |
Honduras | Roatán island | official legal tender | April 2022 |
Brazil | Whole country | Recognized as a valid form of currency | November 2022 |
Portugal | Madeira | unconfirmed | |
* Central African Republic | whole country | official legal tender | April 2022 (repealed in 2023) |
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