Is cryptocurrency is legal or illegal? Cryptocurrencies are legal in the US. According to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), Bitcoin is a convertible currency with an equivalent value to real currency or one that can act as a substitute for real currency.
What states allow cryptocurrency?
|Arizona||HB 2204 Passed House 2/23/22|
Can U.S. citizens buy cryptocurrency? Purchase and exchange of cryptocurrencies is totally legal across the country. While there is no federal legislation for crypto assets in the US, the bodies at the federal level have offered guidance to states.
Is cryptocurrency illegal in some states? The bottom line is that a U.S. state is unlikely to attempt to ban the possession of cryptocurrency. But it may regulate the sale of cryptocurrency for cash. In other words, it may regulate centralized exchanges, and that’s exactly what the U.S. government and many state governments do.