Quote from: KorakPawon on November 17, 2018, 04:31:06 PM

Quote from: mithuvihanga on November 02, 2018, 06:29:17 PM

I'm new to cryptocurrencies and I would like to know, is there any possible legal issues with cryptocurrencies? I'll appreciate your valuable ideas and please help me.

The others may have said it but let me stress it once more that it will be depend on where you are. Why? because Bitcoins are not issued, endorsed, or regulated by any central bank. Instead, they are created through a computer-generated process. Knowing the country who say yes to crypto is important so you will know where and when your bitcoin legal to be used.

We know that there are some countries Bitcoin had not yet regulated or maybe they are not putting any laws regarding cryptocurrencies. So, the transactions may remain legal because of the transparency on the Bitcoin that we can trace on blockchain records. But as what they have said it will depend on where you live, if your local country forbids bitcoin then, you must obey the law in your place but if not you can freely use Bitcoin as well.