Digital Currencies: International Actions and Regulations

Legal developments in digital currencies, including bitcoin, emerge almost on a daily basis across the global landscape. While in Argentina virtual currencies are not legal tender under the country’s National Constitution, in Croatia there are informal statements by the Croatian National Bank that look favorably on the legality of bitcoin. In Estonia, bitcoin income is treated as capital gains, and in Australia, virtual currency transactions are subject to goods and services taxes. In the most recent international tracker of digital currencies for 65 different countries, it makes it easy to view and reference each country's varying actions and regulations.