This is a list of jurisdictions that have announced plans to use Bitcoin as legal tender
We have listed in the order in which announcements were made.
- Madeira (an autonomous region in Portugal). Or maybe not.
We expect this list to grow.The reason why more jurisdictions will make Bitcoin legal tender is simple – regulatory competition to attract bitcoin ventures. This is why Switzerland is such a haven for bitcoin ventures. and other crypto ventures, even if Swiss people trust their Swiss Franc and use it far more than WIR or Bitcoin. That is not as significant as a country such as El Salvador using it for everyday transactions. Expect Swiss bitcoin ventures to set up offices in El Salvador.
Real usage starts of course with small countries faced with some tough choices – a “first the rest then the west” narrative