Cryptocurrency Guide for Beginners

8. Cryptocurrency Legality

When was the last time you thought about the legality and validity of money? For me, never. Well, maybe once or twice when studying economics, but that’s it! Compared to physical currency, cryptocurrency is still really new, and because of its decentralization, it doesn’t have a consistent identity or legal status globally. Many countries permit their trade and use, but there are still many countries where cryptocurrencies are banned, or at the very least, highly restricted. As a result, be absolutely sure that the country in which you’re buying your cryptocurrency has clear guidelines about their use!

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