With its name, the word “cryptocurrency” may concern some people when it comes to the legality of buying and selling this form of currency online.
The good news is that it is 100% legal in most countries for any investor who has been thinking about investing in Bitcoin or another form of cryptocurrency to get started with this form of investing.
As of 2019, the only countries where it’s not legal to purchase or trade Bitcoin include Algeria, Egypt, Morocco, Bolivia, Colombia, Ecuador, Iran, Bangladesh, Nepal, Pakistan, China, and Cambodia.
There are also some countries that do have “banking bans” when it comes buying or selling cryptocurrency so unless you live in the United States, it’s best to research your country online to confirm if you are allowed to buy and sell cryptocurrency or not.
Cryptocurrency in The United States
Here in the United States, Cryptocurrency is 100% legal, but as with the growth of the Internet, the Federal Government is eager to regulate the buying and selling of Cryptocurrencies like Bitcoin and Litecoin.
If you plan on getting started with investing in crypto soon you shouldn’t be surprised to see more regulations from Government regulators worldwide especially as more economies become unstable.
Global Regulators are eager to have their say in the development of cryptocurrency especially as many investors around the world have transferred wealth from their countries into cryptocurrency.
A 2018 G-20 Meeting was a prime example of the future of Cryptocurrency with some countries like France voicing their concern about cryptocurrency being potentially used as a vehicle to finance terrorism while other countries support it with open arms.
How to Get Started with Trading Cryptocurrency
Are you ready to get started with trading Cryptocurrency? If so, there’s no better time than right now to get involved with the biggest investment opportunity in the last 100 years.
To get started, you’re going to need a Cryptocurrency exchange account, we recommend either using coinbase.com or binance.com because they are two of the oldest and most trusted cryptocurrency exchanges in the United States. To learn more about getting started with Cryptocurrency feel free to contact us anytime or leave a comment below!