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The decision also acknowledges that there are no laws to unconditionally prohibit individuals or legal entities from receiving bitcoins in exchange for goods or services.

  • Why did China exclude itself from this very lucrative activity in which they were dominating? Legal The classified bitcoin as a convertible decentralized virtual currency in 2013.

  • The aim, though, is to improve the ability of regulators for monitor the economy, not to enable people to conduct their financial business out of view.

  • South Asia Country or territory Legality Illegal Financial institutions are not allowed to facilitate bitcoin transactions.




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