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The National Bank of Ukraine (NBU) has said that the so-called cypro currency Bitcoin does not have the concrete legal status in Ukraine.

“Bitcoin today does not have concrete legal status in Ukraine. The determination of the status is complicated by the absence of a common approach to the classification of Bitcoin and regulation of deals with it in the world,” Deputy NBU Governor Oleh Churiy told Interfax-Ukraine.

He said that some countries permit transactions with Bitcoins. Usually Bitcoin is considered as a commodity or investment asset and relevant legislation is used for taxation purposes. In some countries Bitcoin is announced monetary unit of account.

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