Cryptocurrency Q&A
Is Bitcoin accepted as currency?
Is Bitcoin accepted as currency?
Davide
Sat May 11 2024
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5 answers
1116
Excuse me, I'm quite curious about the status of Bitcoin in the financial world. Could you please clarify for me, is Bitcoin widely accepted as a currency? I've heard of its volatile nature and the debate surrounding its legitimacy, but I'm still not entirely sure about its status as a means of payment. Is it generally accepted by businesses and institutions, or is it still considered a niche asset? I'm trying to understand its practical applications in the real world, and your insights would be greatly appreciated.
5 answers
SakuraBloom
Mon May 13 2024
However, there are exceptions to this rule.
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EthereumLegendGuard
Mon May 13 2024
El Salvador, for instance, became the first country to officially recognize Bitcoin as legal tender in June 2021.
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Caterina
Mon May 13 2024
When considering taxes, Bitcoin is typically categorized as property.
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CryptoChieftain
Mon May 13 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services.
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Valeria
Mon May 13 2024
This means it's treated similarly to other assets like stocks or real estate.
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