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The legal status of cryptocurrencies varies substantially from country to country and is still undefined or changing in many of them.
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In order to follow the development of the market of cryptocurrencies, indices keep track of notable cryptocurrencies and their cumulative market value.This was equivalent to approximately 750,000 bitcoins, or about 7% of all the bitcoins in existence.
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The result is that law enforcement adheres to a campaign of singling out individual markets and drug dealers to cut down supply.Transactions that occur through the use and exchange of these altcoins are independent from formal banking systems, and therefore can make tax evasion simpler for individuals.
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