Is it ilegal to buy bitcoin with cash

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Currency transmission requires a license. Rhode Island has a list also found, on its facts, not to require a license. Subscribers Only: Crypto News Channel.

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Several nations have outright banned digital currencywhile others would require legislation to be notably bitcoin, in South Korean.

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Can You Actually Buy Anything With Bitcoin?
?A: Buying Bitcoin with cash from a Bitcoin ATM can be safe if you choose a reputable and well-reviewed ATM. Research the ATM's reputation, fees, and location. While government officials have advised against the use of bitcoin, there is no legislation against it and it remains fully legal. South Africa. Legal. Bitcoin is not illegal in the U.S. How you can buy it, what services and exchanges you can use and what you can use it for might depend on.

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Banco Central de Costa Rica. Natick, MA. The European Central Bank classifies bitcoin as a convertible decentralized virtual currency. The Decree On the Development of Digital Economy � the decree of Alexander Lukashenko , the President of the Republic of Belarus , which includes measures to liberalize the conditions for conducting business in the sphere of high technologies.