Legality of bitcoin by country or territory

Austria's leading telecom A1, which owns the mobile operator of the same name in Bulgaria, has announced that it has allowed its customers to pay with cryptocurrency in a pilot project aimed at testing the popularity of virtual payments, BNR reported.

Customers can pay with bitcoin, litecoins, dash and other cryptocurrencies in certain stores in the country, the company said.

Bitcoin headed up on Tuesday to its highest level since November, ending the $ 160 billion quarterly tranquility in the market, writes Bloomberg. Traders can not indicate a cause for the rally that has bitcoin for a bit over $ 5,000 and has increased the value of digital assets tracked by CoinMarketCap.com by about $ 17 billion in less than an hour.

The National Revenue Agency (NRA) announced that it is launching inspections of companies whose subject-matter is the sale of cryptocurrency.

The objective is to establish whether companies and their clients comply with tax and social security legislation.

Taxpayers will also investigate the principle of operating the platforms for the purchase and sale of such assets.

Several tobacco shops in Paris, France, have started selling Bitcoin (BTC) for fiat despite regulatory uncertainty, Reuters reports Tuesday, Jan. 8.

Turkey has announced exemptions to its ban on using foreign currencies in business agreements, including export-related contracts, capital market instruments and employment contracts involving foreigners, the Official Gazette said.

As the popularity of cryptocurrencies grows, so the legislation of the crypto industry develops too. Some states have their vision concerning digital currencies and are actively working on their implementation and adoption, while others are contra, fearing for security and considering crypto to be a threat.

BTC Company is converting BTC City into a Bitcoin City - the first of its kind in the world to provide its visitors, consumers and business partners with an ecosystem that will develop and integrate advanced technologies based on state-of-the-art approaches (blockchain, Artificial Intelligence, Virtual Reality, Augmented Reality, Machine Learning and the world of cryptocurrencies).

Tim Draper, an American venture capital investor believes that Bitcoin will not only continue to exist but it will also become bigger than the Internet.

Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea's finance minister had said banning trading in cryptocurrencies was still an option, reported Reuters. 

South Korea's government said on Thursday it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation's police and tax authorities raided local exchanges on alleged tax evasion./Reuters