I was thinking of selling my bitcoins for cash. Is it perfectly legal to do so ? Amount is close to 3-4K.
Thanks for reading.
Here in our country, it's very much legal, from what country do you want to sell your Bitcoin you did not mention the country where you want to sell it, in this case, if the country, where you want to sell it is banning Bitcoin then you have no way to do it, but my friend told me that they can do it even if it bans in their country, because it's anonymous just don't tell the transactions to authorities or anybody.
Federal reserve rules are applicable for all over the world centralized fiat cash. If you want to exchange the bitcoin, you must confirm that your fund is enough and that is lesser than taxation applicable for it.
Well I use to earn few bucks and I am very comfortable to exchange my bitcoins whenever I need. Please stay safe with the taxation problem.