Category Archives: Money

11 Countries in Which Bitcoin Is Banned

Bitcoin is not a legal tender of any country

Countries around the world have a wide ranging view of the digital currency bitcoin. The United States and United Kingdom have shown a positive attitude towards it. Canada and Australia are still deliberating on what to do. Others have already made their decision. In these eleven countries, bitcoin is either banned via official statement, or in practice:

  1. Bangladesh
  2. Bolivia
  3. China
  4. Ecuador
  5. Iceland
  6. India
  7. Russia
  8. South Korea
  9. Sweden
  10. Thailand
  11. Vietnam

6 Reasons Why You Should Start Accepting Bitcoin Payments Today

People who are selling products online know the pains of collecting payments. Accepting payments using bitcoin offers these benefits to merchants (especially compared to credit cards):

  1. Lower transaction costs
  2. No chargebacks
  3. Easy to use and set up
  4. Diverse payment options increase sales
  5. Generate publicity
  6. Truely global