It is not a legit currency because it is not regulated by the government, it is not implemented by them but someone just invented in it and they don't want people to become victimized of this as they were thinking that it was purely a scam.
Yes, it is not regulated in your country that's why it is ban and illegal to work in bitcoin in your country, and we cannot blame your government because they care there country men against bad people using the name of bitcoin.