Are Bitcoins allow in UNITED STATE how far is it true???

in #bitcoin6 years ago (edited)

Bitcoin payments in the U.S. are subject to the same antimoney laundering regulations which is apply to transactions in traditional currencies, and to payments by banks & other financial institutions. However, the anonymity of these transactions makes it a little far easier to flout the rules. Such as concerns, voiced by former Federal Reserve Chairman Ben Bernanke, that terrorists may use bitcoin because of their anonymity. And also drug traffickers are known to use it, with the best known such as being the Silk Road market. This was a section of the socalled dark Web where the users could buy illicit drugs, all transactions on the Silk Road were done by via bitcoin. So it was eventually shut down as far as i know by the FBI in October 2013, and its founder, Ross William Ulbricht, is serving multiple life sentences. However, numerous other black Web bitcoin-based markets have reportedly taken its place.

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International Permit

Bitcoin can be transferred any where from one country to another without limitation. However, the exchange rate against the other currencies can be very variable. This is partly because of the price is often driven by rumination, but also because it is a great deal small market compared with other currencies.

Some countries distinctly permit the use of bitcoins, including Canada and Australia. It is banned in Iceland, which has had drastic capital controls since the compress of its banks during the 2008 financial crisis. China allows private individually to hold and trade bitcoin, but and the differently participation by banks and other financial institutions is prohibited. The European Union does not have an overall position but may become preventive in the wake of the November 2015 terror attacks in Paris.

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