similar cryptocurrencies". 69 In early 2018 India's central bank, the Reserve Bank of India (RBI) announced a ban on the sale or purchase of cryptocurrency for entities regulated by RBI. Under the new rules, developers of blockchain -based solutions, developers of machine learning systems based on artificial neural networks, companies from the medical and biotechnological industries, developers of unmanned vehicles, as well as software developers and publishers can become residents. 2, while some states have explicitly allowed its use and trade, others have banned or restricted. Retrieved "Communique virtual currencies" (PDF). 14 15 :82 Egypt Illegal "Egypts Dar al-Ifta, the primary Islamic legislator in Egypt, has issued a religious decree classifying commercial transactions in bitcoin as haram (prohibited under Islamic law)." 15 :82 Morocco Illegal On 20 November 2017 the exchange office issued a public statement. "Singapore government decides not to interfere with Bitcoin". As of April 2017, cryptocurrency exchange businesses operating in Japan have been regulated by the Payment Services Act. 3 :Spain Western Europe Country or territory Legality Belgium Legal The Minister of Finance indicated that government intervention with regard to the bitcoin system does not appear necessary at the present time. Retrieved 18 September 2018.
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81 Japan Legal On, the Japanese government, in response to a series of questions asked in the National Diet, made a cabinet decision on the legal treatment of bitcoins in the form of answers to the questions. But hey, thats just my opinion. 39 40 3 :Jamaica Trinidad and Tobago Legal 41 42 South America Country or territory Legality Argentina Legal Bitcoins may be considered money, but not legal currency. No initial coin offerings are permitted and no establishment of an exchange is permitted under this license." 59 Israel Legal As of 2017, the Israel Tax Authorities issued a statement saying that bitcoin and other cryptocurrencies would not fall under the legal definition of currency. 55 Deputy Finance Minister of the Russian Federation Alexei Moiseev at the same time said it's "probably illegal" to accept cryptocurrencies payments. 134 On, the Central Bank amended its rules. 52 Eurasia Country or territory Legality Cyprus Legal The use of bitcoins is not regulated in Cyprus. 53 54 In September 2017 Russia central bank head Elvira Nabiullina has said it quoka bitcoin kaufen is categorically against regulating cryptocurrencies as money, as a means by which payment can be made for goods and services, and against equating them with foreign currency. The Law Library of Congress, Global Legal Research Center. 13 Detail by country or territory This section needs expansion. 3 :Taiwan On 31 December 2013, Financial Supervisory Commission (Republic of China) (FSC) and CBC issued a joint statement which warns against the use of bitcoins.
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