The legalization battle of cryptocurrencies is going on ever since the success stories of bitcoin started surfacing the internet. The term ‘cryptocurrency’ refers to a digital currency that is used for performing digital transactions and uses cryptography to ensure the security of such transactions.

Bitcoin (BTC) may have been the first widely successfully cryptocurrency, but it was soon followed by many others, including Ethereum (ETH), Litecoin (TCC), Dash, Ripple and more. Now, we have so many cryptocurrencies that we often wonder which ones are actually legal and which are not.

 

The problem with cryptocurrencies is that they do not have a regulation system. In fact, crypto tokens are not made to regulate. This is why it is usually difficult for the governments (or countries) to legalize these currencies.

 

While many countries have not shown a positive attitude towards cryptocurrencies, there are a number of countries where the use and trading of these currencies are illegal. Let’s find out which these countries are and which crypto-coins are legalized by which countries.

 

Cryptocurrency Is Legal In The Following Countries


Morocco
Nigeria
Namibia
South Africa
Zimbabwe
Canada (banned by banks)
Mexico
United States
Costa Rica
Nicaragua
Trinidad and Tobago
Jamaica
Brazil
Argentina
Colombia
Chile
Kyrgyzstan
Cyprus
Israel
UAE
Jordan
Saudi Arabia
Iran
Lebanon
Turkey
India (banned by banks)
Pakistan
China
Japan
Hong Kong
Taiwan
South Korea
Indonesia
Philippines
Cambodia
Malaysia
Thailand (banned by banks)
Singapore
Vietnam (not allowed as a payment tool)
Croatia
Germany
Poland
Austria
Czech Republic
Romania
Slovenia
Slovakia
Switzerland
United Kingdom
Australia
New Zealand
Ireland
Netherlands
Belgium
France
Luxembourg
Greece
Italy
Bulgaria
Bosnia and Herzegovina
Malta
Spain
Portugal
Sweden
Iceland
Norway
Denmark
Ukraine

The legalization of cryptocurrencies doesn’t necessarily mean that the government of the particular country supports or promotes virtual currencies in any way.

 

 

 

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