The legal position of bitcoin varies significantly 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 illegitimate (with the exclusions of: Bangladesh, Bolivia, Ecuador, Kyrgyzstan, and Nepal), its position as money (or a item) varies, with differing regulatory implications. Although some countries have explicitly allowed its use and trade, others have restricted or limited it. Furthermore, various government businesses, departments, and courts have categorized bitcoins in another way. While this information 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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