Crypto Currency cont....



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·         Legality of Crypto Currency :

-        The legal status of crypto currencies varies substantially from country to country and is still undefined or changing in many of them.
-        While some countries have explicitly allowed their use and trade, others have banned or restricted it.
-        Various countries have classified the bitcoins differently.
o     China Central Bank banned the handling of bitcoins by financial institutions in China during an extremely fast adoption period in early 2014.

o    Meanwhile in Russia, though crypto currencies are legal, it is illegal to actually purchase goods with any currency other than the Russian ruble.


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Arrests of Bitcoin Miners in Ukraine Spark Questions About Legality

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