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 use of bitcoin itself against the law (with the exclusions of: Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Nepal), its position as money (or a product) varies, with differing regulatory implications. Although some countries have explicitly allowed its use and trade, others have restricted or limited it. In the same way, various government businesses, departments, and courts have grouped bitcoins in different ways. While this information supplies the legal position of bitcoin, polices and bans that connect with this cryptocurrency likely extend to similar systems as well.
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