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Getting a new telly for the World Cup? Here’s everything you need to know. It’s not a bike you’ll regret having in your garage. Judo-chopping style right in the zeitgeist. The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. According to the European Central Bank, traditional financial sector regulation is not applicable to bitcoin because it does not involve traditional financial actors.
Others in the EU have stated, however, that existing rules can be extended to include bitcoin and bitcoin companies. The European Central Bank classifies bitcoin as a convertible decentralized virtual currency. In July 2014 the European Banking Authority advised European banks not to deal in virtual currencies such as bitcoin until a regulatory regime was in place. You can help by adding to it. The purchase, sale, use, and holding of so-called virtual currency is prohibited.