Hong Kong

Bitcoin Countries

Hong Kong approved spot Bitcoin ETFs in April 2024, becoming a major Asian hub for regulated Bitcoin investment. The Hong Kong Securities and Futures Commission (SFC) has developed a comprehensive licensing regime for virtual asset service providers, positioning Hong Kong as China's sanctioned gateway for Bitcoin investment. Hong Kong-listed Bitcoin ETFs have attracted significant institutional capital from across Asia.

Details

Since: 2024
Status: regulated_hub
Notable: Spot Bitcoin ETFs approved April 2024; SFC licensing regime for VASPs
Regulator: SFC
Mining Legal: Yes
Notable Policy: Hong Kong approved spot Bitcoin and Ethereum ETFs in April 2024 as part of digital asset hub strategy; both retail and institutional access
Btc Etf Approved: Yes
Regulatory Stance: pro_bitcoin
Bitcoin Legal Status: Legal; regulated under SFC licensing; spot Bitcoin ETFs approved April 2024

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El Salvador

El Salvador made history on June 9, 2021, as the first country to adopt Bitcoin as legal tender under President Nayib Bukele. The government continues to buy approximately 1 BTC per day, with its national treasury holding approximately 7,565 BTC as of February 2026. El Salvador built the state-sponsored Chivo wallet, launched volcanic geothermal Bitcoin mining operations, and proposed Bitcoin City — a special economic zone powered by a volcano. In 2025, El Salvador reached an IMF agreement that modified Bitcoin's legal tender status while maintaining its Bitcoin treasury strategy.

Switzerland

Switzerland is one of the most Bitcoin-friendly countries in the world, with the canton of Zug (dubbed "Crypto Valley") accepting Bitcoin for government services since 2016. Several Swiss cantons accept Bitcoin for tax payments, the country has clear digital asset property rights, and Switzerland is home to dozens of major Bitcoin and blockchain companies. Swiss banks like SEBA and Sygnum Bank offer institutional Bitcoin services, and the Swiss National Bank has explored digital asset frameworks.

United Arab Emirates

The United Arab Emirates has positioned itself as a global hub for Bitcoin and crypto businesses, with dedicated regulatory regimes in Dubai (Virtual Assets Regulatory Authority — VARA) and Abu Dhabi (ADGM). Abu Dhabi holds Bitcoin through the Phoenix Group, a publicly listed Bitcoin mining company. Major crypto exchanges including Binance have received licenses to operate in the UAE. The country's zero income tax, strategic location, and regulatory clarity have attracted significant Bitcoin institutional and mining infrastructure.