A new website has just come online that aims to serve as a valuable resource when it comes to the legality of bitcoin and its regulatory status from countries around the world.
It’s called BitLegal, and displays a color-coded world map with brief (albeit helpful) explanations of just how countries are treating bitcoin at the moment. If updated frequently, it’ll be a tremendous tool for individuals who aren’t sure how their own governments perceive this emerging digital currency.
At a glance, each country who has previously made a statement on bitcoin is given a rating of sorts. The United States is described as “permissive”. On the other hand, India is “contentious”, and Thailand is “prohibited” (the only country on the list to be, at the moment).
BitLegal lists a total of 21 countries at the moment, but this list is expected to grow as governments and central banks continue issuing advisories and memos on bitcoin and other cryptocurrencies.