What is the status on the legality of bitcoin and crytpocurrency in your country? In my country, it is perfectly fine to do so. A local exchange wallet allows us bitcoin users to easily have our bitcoins exchanged into our local currency, and we may retrieve this through remittances or have it transferred directly to our bank accounts. I don't see anything wrong with selling your bitcoins for cash, unless the mere possession of bitcoin is considered to be illegal in your country.
The feeling is mutual. In my country its not a big deal to sell bitcoin to cash because their has a wallet that we used to sell it into cash and we can also used it in remittance which is for me its very convenient to use. Its good to know that even if its not legal yet they still allowed us to used it and hopefully ot will continue and it will be better in the future.
In my country it can be said to be legal because local exchanges provide taxes to withdraw bitcoin to cash. I say that
as a legalization from the government, because they (exchange sites) also require KYC to register
The legality of bitcoin use does not depend on tax or kyc's but it depends on your governant if he or she wil allow the use of crypto in your country . bitcoin is legal on ours but they did not said that they will tax us . they did not say that we will must process a kyc before we use the wallet .
We are just using our bitcoins normally .