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43 Brazil Legal Not regulated, according to a 2014 statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks. It is not classified as a foreign currency or emoney but stands as "private money" which can be used in "multilateral clearing circles according to the ministry. Autorité des marchés financiers.
111 He clarified that while not illegal, bitcoin cannot be considered legal tender, and, in the light of the directives of the European Union, it is neither electronic money. Ukraine Legal The use of bitcoins is not regulated in Ukraine. Retrieved "TD Bank stops allowing use of credit cards to buy cryptocurrencies". Retrieved 8 January 1 maint: Uses authors parameter ( link ) Nathaniel Popper (21 December 2013). Rules You are crazy and you need to go through field with mines. The Act also states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not a legal tender. 15 In April 2018, Central Bank of the Islamic Republic of Iran issued a statement banning the countrys banks and financial institutions from dealing with cryptocurrencies, citing money laundering and terrorism financing risks. South African Reserve Bank. Miners, traders of bitcoins would be treated as businesses and would have to pay corporate income tax as well as charge a 17 VAT. After the payment is received, the bought coins will be delivered to the buyer. As of 2017, FSA says that doing business with bitcoin does not fall under its regulatory authority and therefore FSA does not prevent anyone from opening such businesses. 15 In September 2014, Bangladesh Bank said that "anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws".