Which one of the following countries has officially recognized Bitcoin as a legal payment method since 1st April 2017 ?
[amp_mcq option1=”Japan” option2=”China” option3=”USA” option4=”India” correct=”option1″]
This question was previously asked in
UPSC CAPF – 2017
Japan officially recognized Bitcoin as a legal payment method under its Payment Services Act, with the amendment taking effect on April 1, 2017. This made Japan one of the first major economies to regulate cryptocurrencies positively.
Legal recognition of cryptocurrencies varies significantly across countries, ranging from outright bans to full legal tender status.