Status of Bitcoin

Questions have arisen unto the credibility and legality of using cryptocurrencies when doing business. This question is best answered in regard to your country of residence or where you intend to transact business using the currencies. There are countries which have explicitly allowed their use and trade whereas others have completely banned or restricted it. Cryptocurrency here refers to bitcoin and its many other altcoins. The following 8 countries have imposed an ''absolute ban'' on the use of cryptocurrencies in trade. This means that cryptocurrency including bitcoins can NOT be used in these countries. They include: 5lH5Ydzq
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