Bitcoin is illegal in a number of countries around the world. While it is not outright banned in some countries, others have made it illegal to trade or use Bitcoin. In China, for example, Bitcoin is not considered legal tender and is not regulated by the government. This means that there is no protection for users or businesses when it comes to Bitcoin. Additionally, the Chinese government has cracked down on Bitcoin exchanges and ICOs.
In Russia, Bitcoin is also not considered legal tender and is only regulated by the Central Bank. Transactions using Bitcoin are also subject to taxation. In Vietnam, the government has issued a ban on trading Bitcoin and other cryptocurrencies. The country’s central bank has also warned against the use of Bitcoin.
In conclusion, while there are a number of countries where Bitcoin is illegal, there are also many that have yet to regulate it. It is important to research the lAWS in your country before buying or using Bitcoin.