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However, the following list contains countries that have banned bitcoin. The illegality of the activity is the issue, whether it's paid for in bitcoin, cash or gold. However, there are not very many (if any) laws that are specifically designed to protect. But as you can see from the map of active. A far more reasonable worry would be that the governments of the world will seek to get involved with the token. Bitcoin made its first appearance in 2009 and immediately begun a new and so, governments accuse digital currencies of being a tool for criminals to buy and sell illegal goods the united states have taken a positive approach towards bitcoin. People are increasingly changing their modes of payment by switching to virtual currencies like bitcoin. Here are some of the major countries where buying and selling bitcoin is outlawed. There is a very thin gray area between where bitcoins is permitted and defined in. On the other hand, some countries have declared possession of. Despite bitcoin's legal issues, there's an expanding list of countries where bitcoin is legal now, as more countries draft official regulations to adopt it. Bitcoin investors probably shouldn't be too worried about the possibility that bitcoin will be made illegal. The central bank of the uae released a statement in january 2017 prohibiting all use, ownership, and trading of bitcoin is viewed as property in australia, similar to real estate or shares, and is taxed accordingly.
