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Treasury classified bitcoin as a convertible decentralized virtual currency in 2013. The legal status of bitcoins in the land down under is still quite confusing. But a patchwork of state laws means that the legal status of activities associated with it varies within the us. Bitcoin is also taxable as a property. In the usa, where there's a long list of available exchanges, it's even harder to choose the right one.
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The us government, in 2013, accepted bitcoin as a decentralized virtual currency that can be used for performing transactions.
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Has since put into place a number of are cryptocurrencies legal? For a business considering investing in crypto, the biggest issue will likely be dealing with the array. Coinbase operates in the united states of america, europe, singapore, and australia. But, as with all investment choices, decisions should only be undertaken with care and under the advisement of a trusted financial professional. Some american states like new mexico and california have issued warnings about cryptocurrency investment and new york has restricted the.
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These countries are in the process of working towards legal recognition of cryptocurrencies and cryptocurrencies are illegal.
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