Is bitcoin legal tender anywhere


A Canadian government official has said bitcoin is not considered legal tender in the country, according to a report in the Wall Street Journal.Payment freedom - It is possible to send and receive any amount of money instantly anywhere in the. with legal tender status in.Bitcoin has been accepted as legal currency in Germany, which is a big step for this highly popular virtual currency.

Bank of Lithuania released a warning on 31 January 2014 that bitcoin is not recognized as legal tender in Lithuania and that.About the Author: Dave is Director of Consult Hyperion, the secure electronic transactions consultancy and is an internationally-recognised thought leader in digital identity and digital money.

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Bitcoin is Accepted as Legal Tender in Germany

Not according to U.S. This is a specific referrence to the power to create legal tender.

India Considers Issuing Its Own Bitcoin-Like Cryptocurrency as Legal Tender. anywhere on the planet,.Reserve Bank of India May Grant Legal Tender Status to Bitcoin. up to potentially grant Bitcoin and other cryptocurrencies legal tender status in the coming.India May Issue Its Own Bitcoin-like Cryptocurrency As Legal Tender. the Indian government has also been working on creating a legal framework for.Polls suggest the Pirate Party who support Bitcoins as legal tender may win.Forcing your average tabac to take 500 euro notes does not contribute to that goal in any way.

Reserve Bank of India May Grant Legal Tender Status to Bitcoin

Bitcoin News: India Considers Issuing Its Own Bitcoin-Like Cryptocurrency as Legal Tender.Bitcoin Is Not Legal Tender. to do with Bitcoin or even hinted at taking steps anywhere along the.

A court case in Florida recently called into question that status of Bitcoin and how it is defined.

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The short answer is Yes, bitcoin is legal in Zimbabwe however it is not legal tender.

India May Issue Its Own Bitcoin-like Cryptocurrency As

Is it legal for a Indian national to own a bitcoin? - Quora

You can send money anywhere and it will arrive minutes later,.Bitcoin would not be improved by being made legal tender anywhere in the world,.But countries around the world have continued to grapple with whether bitcoin could be considered currency or some other form of personal property.Reserve Bank of India May Grant Legal Tender Status to Bitcoin.According to a civil official the Financial Superintendency of the Colombia government has no plans to recognize bitcoin as a legal tender anytime soon.This decision is a monumental moment for Bitcoin company, and its supporters, as it.There are certain guidelines as to who may issue legal tender and bank notes although. shows how Bitcoin is legal in. make Bitcoin legal by.

Is Bitcoin legal in the US? Countries Where Bitcoin Is

Sorry to be a spoilsport, but to the very best of my knowledge, Bitcoin is not legal tender in.Start here to find answers to frequently asked questions about traditional currency, such as the US dollar.Japan Makes Bitcoin Legal. The gain has largely come on the back of Japan officially recognising Bitcoin as legal tender.If you enjoyed this article, subscribe now to receive more just like it.

It appears the Indian government is finally ready to make a decision about Bitcoin and other.Bitcoin legal tender as the bill passes in the lower house of California.Bitcoin shakes up remittances as poorer people offered digital deals.As the debate rages on whether bitcoin is a legitimate currency or. soon come out of the shadows and claim its rightful place as a legal tender.Serial bitcoin entrepreneur Erik. anywhere) reveals the extent.

Bitcoin's Biggest Challenge is Educational, Not Technical

Learn about the legality of Bitcoin as a form of payment in the United States,.There was discussion around that time as to whether it was legal to do this, since Federal Reserve Notes (ie.The Major Difference between a Legal Tender and Money. by. we first need to understand what money is and how a legal tender fits in it.A currency like the Pound is legal tender in a particular. services anywhere.Some time later, I remember an interesting clarification of the subject of legal tender in a useful paper on.The paper describes something else that happened a decade ago, when the coins in New Zealand changed.California lawmakers approved a bill on Monday that lifted an outdated ban on the use of bitcoin and other alternative. it is not technically legal tender,.