How Legal is Crypto in Your Country?

[Suba]

There are many countries that prohibit the circulation of crypto, as well as many countries that legalize crypto transactions for both payment and trading, in addition there are also countries that make crypto (Bitcoin) as legal tender and replace their fiat money. In my country, although someone is allowed (legal) to own crypto or trade crypto exchanges, there is a prohibition on using crypto as a means of payment. So how legal is crypto in your country?

 

[magnus2022]

Cryptocurrency is banned in my country now. Last year, Nigeria government arrested Binance managers that came to Nigeria to resolve issue with Nigerian government. Two of the Binance managers was detained for more than 8 months.

 

[riberet19]

In my country they are totally legal, yes, they are highly taxed, so you will have to pay a relatively high amount if you earn good money with them.

 

[Kera]

Crypto remains illegal in my country and if any local bank gets wind that you are involved in crypto, they would block your bank account.

 

[Kross]

Crypto remains illegal in my country and if any local bank gets wind that you are involved in crypto, they would block your bank account.

Even when it is viewed as illegal, the government knows that people are actively involved in crypto, including government officials.

 

[Augusta]

Cryptocurrency is banned in my country . it is illegal in my country and if any local bank knows you are involved in crypto, they would block your bank account.