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Author Topic: Another country allows BTC to trade as a payment method  (Read 25 times)

DiDimessage

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Another country allows BTC to trade as a payment method
« on: September 24, 2021, 09:38:41 AM »
Bitcoin magazine tweeted on September 22 that Dubai will allow bitcoin transactions in the tax-free economic zone.

Dubai is not the first country to allow bitcoin trading. Before that, the United States, the Netherlands, Switzerland, India and other countries have opened bitcoin payment to varying degrees, and some countries have added tax policies for bitcoin payment.

Allowing bitcoin as a means of payment transaction is not equivalent to recognizing its legalization, but allowing people to use it as a means of payment is to recognize that its value as a transaction payment is equivalent to daily circulating assets to some extent. Of course, different countries and regions have different degrees of recognition.

As one of the first countries to support bitcoin payment, the United States requires traders to use bitcoin when trading through bitcoin because each state has inconsistent policies and regulations on encrypted assets. Although only some businesses support bitcoin payment at present, with the increasing acceptance of BTC and the continuous improvement of relevant regulatory policies, it is believed that the vision of BTC as a global payment circulation will not be far away.

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