with the recent legal victory in Ural recently, setting a legal precedent to lift the banning of websites related to bitcoin and other digital currencies, bitcoin is banned in practice, if not officially legal yet. 138 Sweden Legal The Swedish Tax Agency has given a preliminary ruling on Value Added Tax (VAT) on bitcoins, stating that trade in bitcoins is not subject to Swedish VAT, but is instead subject to the Finansinspektionen (Financial Supervisory Authority) regulations and treated. 83 South Korea Legal Minors and all foreigners are prohibited from trading cryptocurrencies. In 2016 the National Bank of Republic of Macedonia published a press release regarding an investigation it made into onecoin, and discouraged the citizens from investing in it since it was most likely a scam. Unlawful manufacturing of banknotes and coins and putting them into circulation is punishable by law.
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Canada and, australia are still deliberating on what to do about Bitcoin, legally. Zimbabwe Legal The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has not officially permitted its use. "Singapore government decides not to interfere with Bitcoin". Retrieved "Bitcoin Israel - Q A Dave Wolf. Hence, trading in bitcoin or using it for payments in Macedonia is illegal. Users will be able to pay for select services and send money between individuals. 15 The Saudi Arabian Monetary Authority (sama) has warned from using bitcoin as it is high risk and its dealers will not be guaranteed exchange bitcoin to dkk any protection or rights. Ministerstvo financ eské republiky.