The legal position of bitcoin varies greatly from country to country and continues to be undefined or changing in most of them. Whilst nearly all countries do not make the consumption of bitcoin itself outlawed, its position as money (or a product) varies, with differing regulatory implications. Although some countries have explicitly allowed its use and trade, others have prohibited or limited it. In the same way, various government companies, departments, and courts have categorized bitcoins in different ways. While this content supplies the legal position of bitcoin, legislation and bans that connect with this cryptocurrency likely extend to similar systems as well.
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