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Countries where bitcoin (BTC) is legal tender
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| * Central African Republic | whole country | official legal tender | April 2022 (repealed in 2023) |
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Recommended Books
Want to learn about bitcoin and the philosophy behind cryptocurrency? We would recommend these books as a start. Disclaimer: These are not affliate links, feel free to source the books from other sources too.
The Sovereign Individual: Mastering the Transition to the Information Age
written by: Dale Davidson
The Bitcoin Standard: The Decentralized Alternative to Central Banking
written by: Saifedean Ammous
The Price of Tomorrow
written by: Jeff Booth
