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Firstly, all major exchanges in australia are now covered by austrac. Bitcoin dealers have been specialising in peer to peer cryptocurrencies since 2013, primarily dealing in bitcoin, but we also buy and sell other cryptocurrencies for cash. Whereas the majority of countries do not make the usage of bitcoin itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. Verifying this block is the easy part. Bitcoin and other cryptocurrencies are completely banned in the following countries:
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The creation, trade and use of cryptocurrency is rapidly evolving.
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The new aml/ctf laws cover for the first time regulation of service providers of cryptocurrencies, including bitcoin.
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