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Countries in which Bitcoin is banned or legal

When preparing to buy Bitcoin, one of your first steps should be to find out whether it is legal in your country or not. If you already know the state of your own country but are curious for the rest of them, read on! Bitcoin is not just legal or illegal - in fact, in many cases, it is simply not regulated at all.

Countries in which Bitcoin is banned (as of July 2018) one way or another: Algeria, Bolivia, Ecuador, Bangladesh, Nepal, Cambodia, Indonesia, Pakistan, China, Iceland;

Countries in which Bitcoin is legal: the US, Canada, Australia, Mexico, Nicaragua, Costa Rica, Kyrgyzstan, Cyprus, UAE, Israel, Japan, Switzerland, Malta;

Countries in which Bitcoin is not regulated: all the rest.

The countries in which Bitcoin is considered legal are those in which regulations are slightly more advanced than in others. However, most countries fall in between legality, because although the use of the cryptocurrency is not outright forbidden, there are also no real guidelines present.

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