Can I legally invest in cryptocurrency? So, Bitcoin and cryptocurrency trading are now legal, but initial coin offerings and asset funds are still illegal.
Which crypto is best for investment? Bitcoin (BTC) – Crypto with the biggest market dominance
Considered a safe haven by many investors, it’s safe to say that Bitcoin is the best cryptocurrency to invest in. Though its technology is now considered to be a bit obsolete, Bitcoin’s blockchain technology is still one of the most advanced in defi protocols.
Is investing in crypto risky? “But you should only invest in crypto with the understanding it is very volatile and overall a risky investment. Of course, like all high-risk investments, it does have the potential for high rewards. As long as you’re responsible with other investments, there’s no reason to not give crypto a try.
Is crypto a legal asset? The specific inquiries as to cryptocurrency holdings must address the fact that crypto-currency is treated as property rather than currency for tax purposes. Just like traditional financial assets, the Internal Revenue Service has found that crypto-currency is subject to tax.