The legal position of bitcoin varies considerably from country to country and continues to be undefined or changing in most of them. Whereas nearly all countries do not make the use of bitcoin itself unlawful, its position as money (or a product) varies, with differing regulatory implications. Although some countries have explicitly allowed its use and trade, others have suspended or constrained it. Furthermore, various government companies, departments, and courts have labeled bitcoins in another way. While this content supplies the legal position of bitcoin, restrictions and bans that connect with this cryptocurrency likely extend to similar systems as well.
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