Post
Topic
Board Legal
Re: Unregulated market is illegal or legal?
by
avikz
on 19/12/2018, 09:58:18 UTC
Comming from a 3rd world country, many opinions around but not certain. The country gov. doesn't have official statement about crypto. There is a law that you cannot own a bank account abroad and that you can't own stocks outside of the contry. But i think crypto doesn't fit into stocks sector. What are your oppinions?

Crypto is a new asset class and can't really fit as per the current definition of asset classes. So as long as you have ambiguity on the crypto related laws in your country, it's not illegal. It is just unregulated and it doesn't mean it is illegal. So carry on with your crypto related activities unless there is a proper regulatory framework given by your government. Also look for the existing legal definitions of stocks in your country and see if crypto fits that bill. Most probably it won't so you don't need to worry just as now!