Tag

Legality of Bitcoin

Browsing

Ever wondered that there could be a medium of exchange that is not a currency? Not like Rupees, Dollars, or Euros? While some of you might have heard of cryptocurrencies, there is a lack of awareness among masses regarding its meaning and usage. Cryptocurrencies are e-currencies or electronic forms of cash. Among a lot of cryptocurrencies that have evolved over a period of time, Bitcoin is a first example of cryptocurrency. Unlike traditional currencies which…

As far as the legality of Bitcoin is concerned then it seems to be quite controversial. There are certain countries such as Japan that have passed a bill where they have given legal recognition to Bitcoin.But when it comes to China then they have imposed regulatory restriction towards Bitcoin.In certain states of USA, Bitcoin is not treated as money whereas in some it is accepted in the form of payment. Bitcoin address plays a major…