Which one of the following countries has officially recognized Bitcoin as a legal payment method since 1st April 2017 ?

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Q: 54 (CAPF/2017)

Which one of the following countries has officially recognized Bitcoin as a legal payment method since 1st April 2017 ?

question_subject: 

General Knowledge

question_exam: 

CAPF

stats: 

0,11,20,11,10,10,0

keywords: 

{'japan': [0, 0, 1, 2], 'bitcoin': [0, 0, 0, 1], 'legal payment method': [0, 0, 0, 1], 'china': [1, 0, 1, 2], 'countries': [1, 0, 2, 6], 'india': [8, 1, 7, 13], 'usa': [12, 5, 29, 27]}

Option 1: Japan

Option 2: China

Option 3: USA

Option 4: India

The correct answer is option 1: Japan. Japan has officially recognized Bitcoin as a legal payment method since 1st April 2017. This means that businesses and individuals in Japan can use Bitcoin for transactions, just like they would use any other legal currency. This recognition of Bitcoin as a legal payment method has helped to legitimize the use of cryptocurrencies in Japan and has led to a growing acceptance and adoption of Bitcoin by merchants and consumers. It is important to note that while Japan has recognized Bitcoin as legal tender, the use of Bitcoin in other countries may vary. Therefore, it is essential to understand the regulations and legal status of Bitcoin in the specific country you are in or dealing with.

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