Is Bitcoin Legal?

Question

Having a lot many controversial statements on the volatility of the cryptocurrencies and the risks associated with it, the common concern for most of the investors is to know whether bitcoins are legal or not? Which countries favours it?

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Anonymous 3 months 1 Answer 42 views 0

Answer ( 1 )

  1. As of February 2020, Bitcoin was legal in the U.S., Japan, the U.K., Canada, and most other developed countries.
    In general, it is necessary to look at Bitcoin laws in specific countries.
    In the U.S., the IRS has taken an increasing interest in Bitcoin and issued guidelines for taxpayers.
    Bitcoin has serious flaws for those seeking anonymity, so illegal activity is moving to other cryptocurrencies.

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