Are there any European countries that have officially recognized a specific cryptocurrency as legal tender?

3 answers

• Feb 18, 2022 · 3 years ago
  As of now, there are no European countries that have officially recognized a specific cryptocurrency as legal tender. While some countries have shown interest in cryptocurrencies and blockchain technology, they have not yet implemented any regulations or laws to support their recognition as legal tender. It is important to note that the legal status of cryptocurrencies varies from country to country, with some countries adopting a more welcoming approach and others imposing stricter regulations.
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• Feb 18, 2022 · 3 years ago
  No, currently no European country has officially recognized a specific cryptocurrency as legal tender. However, several countries in Europe have taken steps to regulate cryptocurrencies and provide a legal framework for their use. For example, Germany recognizes cryptocurrencies as private money and subjects them to capital gains tax. France has introduced regulations to allow the issuance of ICOs (Initial Coin Offerings) under certain conditions. Overall, while there is no official recognition of cryptocurrencies as legal tender, European countries are actively exploring and regulating the crypto space.
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• Feb 18, 2022 · 3 years ago
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