Is cryptocurrency legal in the United States? The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or Federal law, or (ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.
What states allow cryptocurrency?
|HB 2204 Passed House 2/23/22
What crypto exchanges are legal in USA?
- Coinbase. Coinbase is the most popular and successful cryptocurrency exchange based in the United States, and offers an extremely user-friendly UI and trading experience.
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.