Yes it is legal. The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013.[28] The Commodity Futures Trading Commission, CFTC, categorized bitcoin as a commodity in September 2015. Per IRS, bitcoin is taxed as a property. Bitcoin was cited in a U.S. Supreme Court opinion (on Wisconsin
Yes it is legal but banking is illegal. Companies dealing in digital currencies have to register with the Financial Transactions and Reports Analysis Centre of Canada (Fintrac), enforce compliance programs, keep the required records, file suspicious or terrorist-related transactions, and determine if any of their customers are “politically exposed persons.”
Yes, it is legal but with restrictions. The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has now not officially permitted its use. On 5 April 2017 however, BitMari, a Pan-African Blockchain platform bought licensed, thru its banking partner, AgriBank, to function in the country.
Yes it is legal but with some restrictions. In September 2017 the Bank of Namibia issued a role paper on digital currencies entitled wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as fee for goods and services.
Yes it is legal. In December 2014 the Reserve Bank of South Africa issued a position paper on virtual currencies whereby it declared that virtual currency had ‘no legal status or regulatory framework’. The South African Revenue Service labeled bitcoin as an intangible asset.
Start Paraphrasing Yes it is legal. While government officials have advised in opposition to the use of Bitcoin, there is no law in opposition to it and it remains entirely legal.
No, it is is considered illegal. On 20 November 2017 the exchange workplace issued a public statement in which it declared, “The Office des Changes desires to inform the general public that the transactions via digital currencies constitute an infringement of the exchange regulations, liable to penalties and fines furnished
No, it is illegal. “Egypt’s Dar al-Ifta, the foremost Islamic legislator in Egypt, has issued a religious decree classifying commercial transactions in bitcoin as haram (prohibited under Islamic law).
Yes, it is legal. In 2013 the G7’s Financial Action Task Force issued the following statement in guidelines which can also be relevant to businesses concerned in transmitting bitcoin and different currencies, “Internet-based payment services that permit third party funding from nameless sources may also face an increased risk of
Yes it is legal. The European Union has passed no unique legislation relative to the status of bitcoin as a currency, but has mentioned that VAT/GST is now not applicable to the conversion between traditional (fiat) forex and bitcoin. VAT/GST and other taxes (such as income tax) still apply to
