The world’s first digital currency, Bitcoin (BTC) has been a huge hit since its launch in 2009. However, it suffers from transaction speed issues.
To address these issues, a “hard fork” of the Bitcoin blockchain was introduced in 2017 with the coin Bitcoin Cash (BCH). Today, BCH has its own market cap and more merchants accept it than ever before.
Slovenia
Slovenia is a central European country with a strong economy, high quality of life and an advanced tech culture. It’s also one of the world’s most crypto-friendly countries, with thousands of stores and venues accepting cryptocurrencies for purchases.
Unlike many other countries, Slovenia has no specific legislation regarding cryptocurrencies. However, the government has proposed a flat tax on digital currency redemptions to help debureaucratize the system and improve competitiveness as crypto markets grow.
As the crypto market has continued to boom, merchant adoption has been on a steady rise. Especially in certain regions around the world, including Australia, Japan, and New Hampshire, bitcoin cash acceptance continues to expand.
Slovenia is a prime example of this trend, with the city of Ljubljana recently becoming the most crypto-friendly capital in Europe. There are currently 72 stores and 33 sports venues in the city that accept cryptocurrency for payments.
Australia
The Australian crypto space has been booming, with more and more businesses accepting Bitcoin as a form of payment. This includes restaurants, hotels, pharmacies and even medical services.
However, before you start spending your BTC in Australia, it’s important to know how to spend it safely and securely. To ensure you don’t get scammed, make sure you use a secure wallet and only buy coins from reputable exchanges.
You should also be aware that there’s a chance that you could be taxed when converting your cryptocurrency into fiat money. That’s why you should always consult a qualified accountant to help you manage your digital assets.
While cryptocurrencies are not legal tender in Australia, they’re becoming more popular as a form of payment. This is because they offer many benefits, including low transaction fees and a highly convenient means of making payments.
New Hampshire
If you’re looking for a place to accept bitcoin cash, there are a number of options in New Hampshire. From pubs to pizza restaurants and chocolate shops, there are plenty of places to buy cryptocurrency in the state.
One popular way to pay for goods with bitcoin is through a QR code. The code is a small, black and white square you can scan with your smartphone to convert cash into Bitcoins.
It’s a convenient alternative to cash, and it has the added benefit of reducing credit card processing fees for businesses. A bill introduced by Representative Eric Schleien earlier this year would require the state to develop a plan for accepting Bitcoin payments.
As more states pass laws regulating digital currencies, it’s important to know how they affect your business. As of January 1, 2016, sellers who exchange or store virtual currency must be licensed and bonded. Those who do not meet these requirements can be held liable for a $100,000 surety bond.
Japan
Since Japan legalized crypto payments in 2017, the country has become a popular place to spend your BCH. As of now, there are 57 different merchants in the country that accept BCH as a form of payment.
One of the most prominent places to spend BCH in Japan is Bic Camera, a retail store that has been accepting crypto since 2017. However, you can also use your cryptocurrency to purchase goods at other retailers, as well as a range of other services.
The Japanese government has a progressive regulatory climate for cryptocurrencies. It recognises cryptocurrencies as legal assets under the Payment Services Act, and taxes gains on digital currencies.
Japan’s anti-money laundering (AML) regulation is outlined in the Act on Prevention of Transfer of Criminal Proceeds, as well as the Guidelines for Anti-Money Laundering and Combating the Financing of Terrorism. Additionally, the Japanese Virtual Currency Exchange Association, which is a self-regulatory body under the PSA, requires all members to conduct an internal assessment of their Crypto Assets before they can begin handling them.