Is cryptocurrency a legal investment? So, Bitcoin and cryptocurrency trading are now legal, but initial coin offerings and asset funds are still illegal.
Where is crypto legal? Two countries have given Bitcoin legal tender status — El Salvador and the Central African Republic.
Why is crypto considered risky? The risks of trading cryptocurrencies are mainly related to its volatility. They are high-risk and speculative, and it is important that you understand the risks before you start trading. They are volatile: unexpected changes in market sentiment can lead to sharp and sudden moves in price.
Is accepting cryptocurrency illegal? The cryptocurrency Bitcoin has raised financial concerns for governments worldwide. Despite its use for buying goods and services, there are still no uniform international laws that regulate Bitcoin. Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K.