
Is it Legal to Trade Bitcoin Anywhere in the World
Bitcoin can be mined and used anonymously since it is a digital form of currency that can be created over complex computer algorithms. This gives room to many criminal and anti-social groups to take advantage of this vulnerability in Bitcoin. As such, some countries have totally made Bitcoin illegal, some have made it legal, and some are following a wait and watch philosophy with flexible guidelines with respect to Bitcoin. Let us mention some prominent locations here for throwing some further light on is it legal to trade Bitcoin anywhere in the world.
1 USA: One of the superpowers, and the most influential economies of the world. USA is very condoning towards Bitcoin. In fact the state has got some special agencies in place like DISH and OSTK, to control the use of Bitcoin for illegal transactions.
2. Canada: Canada also maintains a positive bent towards Bitcoin; it is legal to trade Bitcoin here. The government at the same time makes the best possible moves to keep the black market as a side effect of Bitcoin under check.
3. Australia: Australia has gone a step ahead in that it considers Bitcoin like traditional Australian Dollar (AUD), and allows for sale and purchase of stuff with this digital cash freely.
4. European Union: in general the EU has not passed any specific law with respect to Bitcoin, or cryptocurrencies in general, however, it is established that VAT/GST shall not be applicable to Bitcoin and Fiat conversions. Rules are different at different places in EU.
5. China/Russia/India: These countries have banned Bitcoin, and there are serious punishments if a person is found indulging into such activities or money manipulations that relate to Bitcoin in some manner.

So overall, Bitcoin remains to be a legal form of cash in most of the world, however, some of the places do not yet allow it. Above are mentioned just a few territories with respect to this, however, consultants like executium.com always consider in all these factors before placing your trades, when you hire them.