Sandeep Kumar Mishra Bitcoin is the world’s first digital currency, which operates without a central bank or a single administrator. It uses the blockchain technology to function as a decentralized currency. Bitcoin’s legal status may vary from country to country and state to state. This had led to lot of ambiguity over the sustenance of Bitcoin as an alternative currency. While some countries like Algeria and Bolivia have completely prohibited the use of Bitcoins, it is completely legal and has a proper taxation system in place in Israel. In China, its use is restricted to certain kinds of entities like financial institutions. This varying degree of regulations on Bitcoin can send crypto enthusiasts like yourselves into a tizzy. But you need not worry. At Cryptoknowmics, we bring to you every bit of relevant and genuine Bitcoin regulation news and ensure that you never miss out on any important update.