Is Privacy Coin Legal in Your Country?

[Suba]

Privacy coin is a cryptocurrency specifically designed to hide the identity of the user, both the sender and recipient of crypto, the amount of funds transferred, etc. and is not tracked on the blockchain explorer, very different from other cryptos such as BTC, BNB, ETH, ADA etc. can track their transactions on the blockchain how much is sent the sender and recipient crypto addresses. Some examples of famous privacy coins such as Dash, Monero, PIVX ZCash etc.

In my country, although local crypto exchanges do not provide privacy coins, there is no prohibition on having them either through mining or buying on global crypto exchanges such as Binance, Bitget, Gitfinex, Huobi, Kraken, Kucoin etc. But in some countries privacy coins are prohibited from being traded on crypto exchanges. What are the rules/legality of privacy coins in your country?

 

[riberet19]

As far as I know, there is no problem with using these privacy coins in my country. I don't think they have been banned yet.

 

[Starmix]

I do not have any idea it's privacy coin is legal in my country. I will do research tomorrow. Cryptocurrency is a silent business in my country.

 

[Augusta]

Crypto is still not allowed in my country . So we don't have any thing to do with cryptocurrency and what comes with it

 

[Suba]

Crypto is still not allowed in my country . So we don't have any thing to do with cryptocurrency and what comes with it

As far as I know, Nigeria is one of the big crypto user countries, so if crypto usage is still not allowed then crypto users will be greatly reduced globally.

 

[Augusta]

As far as I know, Nigeria is one of the big crypto user countries, so if crypto usage is still not allowed then crypto users will be greatly reduced globally.

We can use it online but you don't have to let anyone know. Even transferring your money to your physical account after crypto exchange can get your account bar for life

 

[pousinha]

In my country, cryptos in general are still allowed, but the current government is hindering their transactions year by year. For next year, a 17,5% tax is expected on all crypto earnings, at the point people will get very discouraged to invest and earn cryptocurrencies.