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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.