Countries in which Ethereum is banned or legal
If you are looking forward to buying, selling or spending Ethereum (ETH), the safest course of action to take in advance is checking if Ethereum is, in fact, legal in your country.
In some countries, even the mere possession of cryptos can get you to prison, while many of them have not even bothered to regulate it, leaving Ethereum and other cryptos in a sort of legal limbo.
Countries in which Ethereum is banned alongside other cryptocurrencies (as of July 2018): China, Kyrgyzstan, Algeria, Bolivia, Ecuador, Bangladesh, Nepal, Morocco, Cambodia.
In addition to the countries in which ETH is banned, there are more countries in which Ethereum is not regulated or it cannot be used for payment: Indonesia, Thailand, Vietnam, Macedonia, Brazil, India, and Mexico.
Countries in which Ethereum is legal are often described as the most crypto-friendly countries in general: Japan, Gibraltar, Malta, Ukraine, and Switzerland.
Yet, according to the EU laws, the member states cannot launch their own currency, but crypto exchanges can be legalized, depending on the individual countries’ regulations.
In the United States, there is no official high-instance stand on cryptos, but you can say it is generally legal to trade or own cryptocurrencies, including Ethereum.
To make the matters more complicated, there are countries in which ETH is legal in the sense that you can own it, but there are no clear guidelines regarding its status, such as Turkey, United Kingdom, South Korea or South Africa.