News: Push for unified approach across group of 53 nations.
The Commonwealth is urging member nations to confirm the legal status of Bitcoin and other digital currencies.
A report published by The Commonwealth Working Group on Virtual Currencies on February 3rd 2016 said: "Member countries should be encouraged to make a positive determination on the legality of virtual currencies in their respective jurisdictions."
The report found that while "virtual currencies are prevalent in almost every member country and within every region of the Commonwealth" there was a wide range of legal frameworks across the group of 53 nations.
http://www.cbronline.com/news/verticals/finance/commonwealth-nations-urged-to-look-into-legal-status-of-bitcoin-4801880
