The Legality of Bitcoins, Cryptocurrencies

While we try to take extra caution in our daily transactions, we practically draw down to the position of criminality in our societies. In a new well as the cryptocurrency world, it is understandable to have questions about the legality of Bitcoin use.

The question surrounding the relationship between Bitcoin and the law practically depends on the use of the digital currency. The platform unveils a shift from the traditional regulators and regulations that govern flat currency. Unlike a counterfeit, blatant “currency” that misrepresents itself as a legal tender, Bitcoin is entirely different. Nevertheless, it operates in a seemingly gray area when it comes to legality and regulation. However, many of these concerns boil down to misunderstandings or a lack of concrete rules that govern Bitcoin, rather than overt violations of the law

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