Home GuidesBitcoin

Follow us on Twitter or join our Telegram

Is Bitcoin Legal?

When dealing with money, you want to be on the safe side, and learning more about Bitcoin regulators’ opinions, licenses and tax laws can help you put your concerns about Bitcoin to rest.

There is no simple answer to the question, “Is Bitcoin legal?” It depends on where you live - check with your local regulators! Some countries have outright banned cryptocurrencies. Others urge their citizens not to invest in them, as they deem it unsafe. Still others are called crypto-friendly, due to good regulations. For example, New York has the Bitcoin BitLicense, for New York residents.

Bitcoin taxation is another issue you might want to look into. Again, there is no definitive answer to how is Bitcoin taxed, but some countries have already proposed their own taxation laws in regards to crypto.

Check your local laws and follow our articles on crypto regulation to say informed about the most recent developments.

More Guides

Top 10 Bitcoin Security Tips

You bought your coins and now you want to keep them as safe as possible. Read our Top 10 Bitcoin security tips to find out how. Store Private Keys Offline It should go without saying that your private key is absolutely private and should not be...

Read more

How to buy Bitcoin with cash?

Why buy Bitcoin with cash in the first place? Well, it’s private and usually quick, and one of the easiest ways to get Bitcoins. If you’d like to sell Bitcoin for cash, following this guide will help you too. Finding ways how to buy Bitcoin...

Read more

How to buy and sell Bitcoin in India?

Regulatory concerns are not to be taken lightly, and India is no different: for example, the Indian government has said that Bitcoin can't be used as a part of the payments system. However, nobody expressly forbid people from trading in...

Read more

Hardware for Bitcoin mining

To understand the topic of hardware for Bitcoin mining, you first need to understand what is Bitcoin mining. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the...

Read more

Bitcoin Wallets for Beginners

Bitcoin is far from a traditional currency, so the approach to it should be different as well. This is also why you need a Bitcoin wallet: since Bitcoin is not a physical thing, it can’t be stored just anywhere. There are several types of Bitcoin...

Read more

3 Ways To Set Up a Bitcoin Wallet

To be able to buy and sell Bitcoin, you need a wallet. It is a bit similar to a bank account, where you receive, store, and send Bitcoin. The wallet safeguards the secret code you need to use your bitcoins and helps manage transactions. Let us...

Read more