Illegal As of, State Bank of Pakistan SBP has announced that bitcoin and other virtual currencies/tokens/ coins are banned in Pakistan. Retrieved 13 February 2018. Retrieved 20 September 2016. This article incorporates text from this source, which is in the public domain. The investments are added to a pool and when the returns are available; the pool is divided and given to the investors. 90 91 3 :Malaysia Philippines Legal On, Bangko Sentral ng Pilipinas (BSP) issued a statement on risks associated with bitcoin trading and usage. 15 Ecuador Illegal The Ecuadorian government has issued a ban on bitcoin and other digital currencies. Thank you; make sure you check our website to learn more about the amazing world of cryptocurrencies.
Ironically, in April, Philippe Vollot, global head of the DBs department against financial crime, called for.
Prior to that, other bank sources had delivered more dismissive comments, chief strategist Ulrich Stephan in November last year saying he would simply.
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Retrieved 28 November 2014. To learn more about that please check this. Rangongo, Timothy (April 2018). 78 Hong Kong Legal On, the Secretary for Financial Services and the Treasury addressed bitcoin in the Legislative Council stating that "Hong Kong at present has no legislation directly regulating bitcoins and other virtual currencies of a similar kind. The biggest issue with banks in the US so far has been about trading suspiciously large amounts of bitcoins. 102 The State Bank of Vietnam has declared that the issuance, supply and use of bitcoin and other similar virtual currency is illegal as a mean of payment and subject to punishment ranging from 150 million to 200 million VND, 103 but the government doesn't. The Internet Archive Credit Union, for example, has even made headlines after accepting bitcoin traders who had been rejected basic forex trading guide by other banks. 89 BNM issued a statement on that bitcoin is not recognised as a legal tender in Malaysia. 136 Norway Legal The Norwegian Tax Administration stated in December 2013 that they don't define bitcoin as money but regard it as an asset.
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