Nevertheless, the user base from other countries elsewhere in the world was relatively high. MetaMask at first glance might not seem associated with Decentralized Finance or DeFi - online financial services that can involve the use of cryptocurrencies and are outside of a national authority - as it is a crypto wallet for the Ethereum blockchain and not a direct DeFi service.
MetaMask, for example, does not allow for money lending. However, the share of Ethereum in the overall market size of DeFi is significant. Combine this with MetaMask essentially serving as a gateway to anything that happens within that specific blockchain, and the wallet is an important piece to the DeFi puzzle. Full access to 1m statistics Incl. Single Account. This product cannot be purchased for users from your country. View for free. Show source. Show detailed source information?
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The Central Bank of Ireland was quoted in the Assembly of Ireland in December as stating that it does not regulate Bitcoin, and that Bitcoin are not legal tender in the European Union. The Commission de Surveillance du Secteur Financier has issued a communication in February acknowledging the status of currency to the bitcoin and other cryptocurrencies.
As of [update] , "alternative virtual currencies" such as bitcoin are not classified as money and do not fall within the scope of the Act on Financial Supervision of the Netherlands. Bitcoin is treated as 'private money'. When bitcoin is exchanged for sterling or for foreign currencies, such as euro or dollar, no VAT will be due on the value of the bitcoins themselves. However, in all instances, VAT will be due in the normal way from suppliers of any goods or services sold in exchange for bitcoin or other similar cryptocurrency.
Profits and losses on cryptocurrencies are subject to capital gains tax. The FCA cited a failure to comply with know your customer laws, as well as the high risk to customers, due to a lack of regulation and protection. In December , the governor of the Reserve Bank of Australia RBA indicated in an interview about bitcoin legality stating, "There would be nothing to stop people in this country deciding to transact in some other currency in a shop if they wanted to.
There's no law against that, so we do have competing currencies. From Wikipedia, the free encyclopedia. Wikipedia list article. This list is incomplete ; you can help by adding missing items. August Legal tender. Permissive legal to use bitcoin. Contentious some legal restrictions on usage of bitcoin. Contentious interpretation of old laws, but bitcoin is not prohibited directly.
Hostile full or partial prohibition. No data. This section needs expansion. You can help by adding to it. Relevant discussion may be found on the talk page. April Index to countries. See also: BitLicense. Accessed 25 September Retrieved 15 January Court of Justice of the European Union. Retrieved 6 December Retrieved 23 October Frankfurt am Main: European Central Bank. ISBN Retrieved 5 March European Parliamentary Research Service.
Annex B: Bitcoin regulation or plans therefor in selected countries. Members' Research Service. Retrieved 18 February European Banking Authority. Retrieved 8 July Retrieved 22 March Financial Times. Guidance for a risk-based approach. June Retrieved 6 March Retrieved 3 January Library of Congress.
Retrieved 14 August Central Bank of Nigeria. Retrieved 5 February Retrieved 18 April Bank of Tanzania. November Financial Services Commission Mauritius. TPA Online in Portuguese. Retrieved 7 January South African Reserve Bank. Sars is coming for you". Business Insider. Retrieved 22 May Bank of Namibia. Retrieved 9 February Retrieved 5 September Financial Crimes Enforcement Network. Retrieved 1 June Retrieved 22 April Archived from the original on 22 June Retrieved 22 June Department of the Treasury.
Retrieved 13 August Banco Central de Costa Rica. El Salvador. Retrieved 9 June The Wall Street Journal. Retrieved 7 September Retrieved 10 October NBC News. Retrieved 12 October Jamaica Information Service. Bank of Jamaica. Retrieved 8 June International Business Times.
Retrieved 23 February Banco Central do Brasil. Retrieved 17 November Receita Federal de Brasil. Retrieved 4 March Law Library of Congress. Retrieved 7 February Crypto Economy. Retrieved 27 July International Finance Centre Development Agency. AKIpress News Agency. National Bank of the Kyrgyz Republic. Retrieved 13 February Keystone Law Dubai.
Law Offices". Retrieved 6 July Retrieved 21 August Al Arabiya. Retrieved 17 July The Daily Star. Retrieved 17 June The Jordan Times. Central Bank of the Republic of Turkey. Retrieved 16 April Retrieved 25 March Retrieved 24 June The Telegraph. Archived from the original on 12 January Retrieved 1 February Retrieved 20 February India Today.
The Quint. Retrieved 6 February The Hindu. Nepal Rastra Bank. Retrieved 9 September Business Recorder. Retrieved 16 December Retrieved 8 November Retrieved 29 September Retrieved 10 January China Daily. Retrieved 24 September Ta Kung Pao. Retrieved 18 January Nikkei Inc. This article incorporates text from this source, which is in the public domain.
Retrieved 6 June Taipei Times. Retrieved 17 April Retrieved 15 October Retrieved 11 November Retrieved 21 September Bank Negara Malaysia. Retrieved 2 March The Edge Malaysia. Archived from the original on 11 January Retrieved 11 January Retrieved 7 May Archived from the original on 24 December Retrieved 27 December Business Insider Australia.
Retrieved 30 October Retrieved 29 October Bangkok Post. Retrieved 23 March Retrieved 12 December Retrieved 14 December Retrieved 8 August Bundesrat in German. Retrieved 18 September Puls Biznesu. Retrieved 18 December Retrieved 28 January Retrieved 31 July Retrieved 3 February Retrieved 19 February Slovak National Bank. Archived from the original PDF on 2 April Retrieved 24 March Archived from the original on 28 March Archived from the original PDF on 11 February Retrieved 26 February Federal Council Switzerland.
Swiss Confederation. Retrieved 28 November DW Finance. Archived from the original on 20 September Retrieved 20 September Archived from the original on 15 January Retrieved 5 January Tages Anzeiger Wirtschaft. Retrieved 11 June Retrieved 3 December Retrieved 22 January BBC News. Retrieved 6 January Russian E-Money Association. Retrieved 20 December Retrieved 16 September Retrieved 20 January Meduza in Russian. Financial Supervisory Authority.
Archived from the original on 17 December Retrieved 24 December Majandus in Estonian. Retrieved 15 March International Tax Review. Retrieved 15 November The Central Bank of Iceland. Retrieved 8 January Deal Book New York Times. New York Times Company. Retrieved 9 December Retrieved 19 December The Ministry of Finance. Retrieved 5 June Retrieved 31 January Retrieved 2 April Retrieved 25 April National Bank of Republic of North Macedonia.
Ministre des Finances. Commission de Surveillance du Secteur Financier. Retrieved 6 November Retrieved 11 March The Australian Financial Review. History Economics Legal status. List of bitcoin companies List of bitcoin forks List of bitcoin organizations List of people in blockchain technology. Bitcoin Unlimited. Bitcoin Cash Bitcoin Gold. Bitcoin scalability problem History of bitcoin cryptocurrency crash Bitcoin bomb threats Twitter account hijacking.
Bitcoin Law Anti-bitcoin law protests. Category Commons Money Portal. Lists of countries by laws and law enforcement rankings. Legality of euthanasia Homicide by decade Law enforcement killings Legality of suicide Legality of assisted suicide. Deaths Ownership Households Laws.
Police brutality prisoner abuse Size of police forces. Censorship by country Book censorship by country Film censorship by country Internet censorship by country Cartographic censorship Political censorship Video gaming censorship by country. Corporate Corporate liability Competition Mergers and acquisitions Monopoly Legality of bitcoin by country or territory.
List of international rankings Lists by country. Namespaces Article Talk. Views Read View source View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. European Union. Illegal "Egypt's Dar al-Ifta, the primary Islamic legislator in Egypt, has issued a religious decree classifying commercial transactions in bitcoin as haram prohibited under Islamic law. Illegal On 20 November the exchange office issued a public statement in which it declared, "The Office des Changes wishes to inform the general public that the transactions via virtual currencies constitute an infringement of the exchange regulations, liable to penalties and fines provided for by [existing laws] in force.
Legal The Financial Services Commission of Mauritius considers cryptocurrencies to be regulated as a Digital Asset under the Financial Services Act , and while it cautions investors they are not protected by any statutory compensation agreements, they are legal. Legal While government officials have advised against the use of bitcoin, there is no legislation against it and it remains fully legal.
South Africa. Legal In December the Reserve Bank of South Africa issued a position paper on virtual currencies whereby it declared that virtual currency had "no legal status or regulatory framework". United States. Legal The U. Legal Bitcoin was legal in Mexico as of , with plans to regulate it as a virtual asset by the FinTech Law. Costa Rica. Not considered currency In October , the Central Bank of Costa Rica issued a statement that Bitcoin and cryptocurrencies are not considered currencies, are not backed by law, and cannot be traded on Costa Rica's national payment system.
Legal Bitcoin was made legal tender in the country through the " Bitcoin Law ", which was passed on 8 June ,   and took effect on 7 September Not regulated as of As of , the government had not passed any regulation on Bitcoin, nor had the central bank issued rulings or guidelines. Legal In , The Bank of Jamaica BoJ , issued a statement saying that it must create opportunities for the exploitation of cryptocurrency technology. Trinidad and Tobago. Legal In , the Central Bank of Trinidad and Tobago issued a statement that it was willing to work with companies that provided Fintech and virtual currencies, while also cautioning that virtual currencies were risky, could be used to facilitate criminal activities, and lacked insurance and regulator recourse in case of problems.
Legal Bitcoins may be considered money, but not legal currency. Illegal Absolute ban. Legal Not regulated, according to a statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks. Legal There is no regulation on the use of bitcoins. Legal Bitcoin miners used to be arrested by law enforcement authorities, however in January Carlos Vargas, the government's cryptocurrency superintendent said "It is an activity that is now perfectly legal.
Legal Bitcoin is considered a commodity,  not a security or currency under the laws of the Kyrgyz Republic and may be legally mined, bought, sold and traded on a local commodity exchange. Legal On 2 September , a decree legalizing crypto trading — also making it tax-free — and mining in the country came into force, making Uzbekistan a crypto-friendly state.
United Arab Emirates. Legal As of , the Israel Tax Authorities issued a statement saying that bitcoin and other cryptocurrencies would not fall under the legal definition of currency, and neither of that of a financial security, but of a taxable asset. Saudi Arabia. Legal The government of Lebanon has issued a warning discouraging the use of bitcoin and other similar systems.
Illegal Financial institutions are not allowed to facilitate bitcoin transactions. Legal Finance minister Arun Jaitley, in his budget speech on 1 February , stated that the government will do everything to discontinue the use of bitcoin and other virtual currencies in India for criminal uses.
Legal Cryptocurrencies including bitcoin are not officially regulated in Pakistan;   however, it is not illegal or banned. China PRC. Hong Kong. Legal On 8 January , the Secretary for Financial Services and the Treasury addressed bitcoin in the Legislative Council stating that "Hong Kong at present has no legislation directly regulating bitcoins and other virtual currencies of [a] similar kind.
The Netherlands. Countries · Total (%) · United States (%) · Germany (%) · Singapore (%) · United Kingdom (%) · Finland (%) · Japan . A Look at the World's Top 10 Crypto Countries · Nigeria: 32% · Vietnam: 21% · Philippines: 20% · Turkey: 16% · Peru: 16% · Switzerland: 11% · India: 9%.