{"id":90135,"date":"2025-06-01T10:21:32","date_gmt":"2025-06-01T10:21:32","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=90135"},"modified":"2025-06-01T10:21:32","modified_gmt":"2025-06-01T10:21:32","slug":"which-one-of-the-following-countries-has-officially-recognized-bitcoin","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-one-of-the-following-countries-has-officially-recognized-bitcoin\/","title":{"rendered":"Which one of the following countries has officially recognized Bitcoin"},"content":{"rendered":"

Which one of the following countries has officially recognized Bitcoin as a legal payment method since 1st April 2017 ?<\/p>\n

[amp_mcq option1=”Japan” option2=”China” option3=”USA” option4=”India” correct=”option1″]<\/p>\n

\n
\n
This question was previously asked in<\/div>\n
UPSC CAPF – 2017<\/div>\n<\/div>\n
Download PDF<\/a>Attempt Online<\/a><\/div>\n<\/div>\n
\nJapan 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.
\n<\/section>\n
\nLegal recognition of cryptocurrencies varies significantly across countries, ranging from outright bans to full legal tender status.
\n<\/section>\n
\nChina has largely banned cryptocurrency trading and mining. The USA has a complex regulatory environment where Bitcoin is treated as property or commodity by different agencies. India has seen regulatory shifts, but Bitcoin is not recognized as legal tender. El Salvador became the first country to adopt Bitcoin as legal tender in September 2021, much later than the date mentioned in the question.
\n<\/section>\n","protected":false},"excerpt":{"rendered":"

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 Download PDFAttempt Online Japan officially recognized Bitcoin as a legal payment method under its Payment Services Act, with the … <\/p>\n

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