Although no law has yet been passed, Panama is the country furthest along in the race to be the second country to adopt Bitcoin as legal tender. Check Out: 10 Numbers You Need To Know About Crypto.

The First Country to use Bitcoin as Legal Tender. More for You. Trump dolls remarks ‘really damaging messaging’: Marc Short. Ranking All-You-Can-Eat Chain Buffets From Worst To First.

The second country to adopt Bitcoin as legal tender is the Central African Republic (CAR). The CAR is rich in natural resources like gold and diamond and has a $2.3 billion sized economy.

Looking for crypto tax-free countries in 2025? Discover 5 legal Bitcoin tax havens, including Germany, UAE and El Salvador, ...

Using Bitcoin is already legal in El Salvador, as it is in most countries. If you want to pay for something in bitcoins, and the recipient is willing to accept them, it’s all good.

Several countries have taken up Bitcoin and other cryptocurrencies and given them legal tender status. IMF had also hit out at El Salvador after it adopted Bitcoin as a legal tender.

Two countries have officially adopted Bitcoin as a legal tender: El Salvador and the Central African Republic (CAR). Though a legal tender designation typically requires only the government to ...

Thus the constant circulation of trusted money in countries where it’s not “legal tender.” Money in circulation is a market phenomenon, and it’s one that’s every bit as natural as the ...