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Bitcoin trading
Bitcoin has successfully positioned itself as another business opportunity for forex and other traders. As mentioned earlier, buying and selling bitcoins is a simple, fast and inexpensive process. Before setting up your bitcoin account, you should familiarize yourself with the status of bitcoin in your country and any other applicable laws and requirements. The legal status of Bitcoin varies widely from country to country and in many cases is still undefined or in flux. In 2013, the G7 Financial Action Task Force issued a statement announcing that Bitcoin and other internet-based payment services pose an increased risk of terrorist financing and money laundering. Meanwhile, in the same year, Germany classified bitcoin as a legally binding financial instrument, which is essentially a unit of account.