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Legal tender (bitcoin is officially recognized as a medium of exchange)
Permissive (legal to use bitcoin, with minimal or no restrictions)
Restricted (some legal restrictions on the usage of bitcoin)
Contentious (interpretation of old laws, but bitcoin is not directly prohibited)
Prohibited (full or partial prohibition on the use of bitcoin)
No data (no information available)
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them.[1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.[2]
While some states have explicitly allowed its use and trade, others have banned or restricted it. Likewise, various government agencies, departments, and courts have classified cryptocurrencies differently.
- ^ Assessing the Differences in Bitcoin & Other Cryptocurrency Legality Across National Jurisdictions Archived 3 June 2018 at the Wayback Machine Information Systems & Economics eJournal. Social Science Research Network (SSRN). Accessed 25 September 2017.
- ^ Crypto's Biggest Legal Problems Archived 29 September 2018 at the Wayback Machine Crypto Law Review. Accessed 25 September 2018.