The world's economic burden is now under pressure along with the COVID-19 virus pandemic which has spread throughout the world. Some of the consequences felt were the value of various commodities fell and was in line with the weakening of the market that pushed them.

Even with these conditions, at least two commodities can move where market prices soar. Two commodities, namely gold and cryptocurrency, can be called bitcoin. If gold is known to many people, and the skyrocketing bitcoin exchange rate has now surprised many people.

Some transaction characters who never know the territory of the country are one of the reasons that make bitcoin increasingly popular. Most of the world's people are still quite unfamiliar with the existence of bitcoin, there are also several countries that are already familiar with various kinds of bitcoin transactions. Did you already know? Here are some countries that are bitcoin paradise and are known to be friendly to bitcoin.

Japan

Japan is the birthplace of bitcoin and also has blockchain technology. You should not be surprised if this country has power with crypto assets. To date, Japan is the first country to adopt and legalize and integrate bitcoin in its economic system.

In some parts of Asia, there may be China whose society is also very open to bitcoin and makes use of blockchain technology.

Singapore

Singapore is a bitcoin paradise, until now trading activities are taxed quite high, up to seven percent! Why are the taxes imposed so high? As the Singapore government understands well that bitcoin has a number of advantages that if allowed to trade unhindered, the country's conventional currency may no longer be in demand.

Until now the circulation of bitcoin has also made a real contribution to the state of Singapore, so that being subject to high taxes is considered a middle way.

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United States of America

If you look at the previous countries, there may be people who think that bitcoin is accepted by small countries. Not! The United States (US) is also known to be quite open and positive about the use of bitcoin in its country. Some of the biggest companies out there have never been shy about accepting bitcoin as a means of payment.

US government, bitcoin is as a currency but more as a money service business (MSB). And because of that, bitcoin in the US has even been traded in the market, a clear proof that the existence of bitcoin has been fully accepted by the people of his country.

Switzerland

Developed countries, the Swiss government is quite open with the existence of bitcoin. The economy in Switzerland is the highest in Europe in terms of productivity and diverse competitiveness, making people also quite adopting for various transactions using bitcoin.

For city transportation there are also payments accepted using bitcoin. It is no wonder that so many crypto businesses have emerged and thrived in Switzerland.

Malta

Not all Indonesians know this country in Southern Europe. But make no mistake in interpreting it, the government's ability to understand the crypto industry well has made Malta a reference for countries that want to organize regulations on bitcoin in a more fair and comprehensive manner.

Some of the world's largest cryptocurrency exchanges, Binance, opened offices in Malta in March 2018. No wonder many call the country one of the Blockchain Islands.

Those are some countries that are called paradise countries that are free to use bitcoin currency, hopefully the use of bitcoin currency will continue even though the market price drops, I hope friends in other countries make it easier to transact in various countries.

Thanks to admin @kingscown