Assets, Bitcoin

Is Bitcoin Legal in New Jersey?

As of 2019, Bitcoin and other digital currencies are not expressly legal or illegal in the state of New Jersey. Governor Phil Murphy has said that he is open to the possibility of regulation in the future, but as of now the state has not taken any official stance on the matter.

This leaves many residents in a bit of a grey area when it comes to using or investing in Bitcoin.

NOTE: WARNING: The legality of Bitcoin in New Jersey is not yet established. As such, it is strongly advised that individuals do not invest in or use Bitcoin without first consulting with an attorney and/or financial advisor to confirm the legal status of this digital currency in New Jersey.

Despite this lack of clarity, there are still some businesses in New Jersey that accept Bitcoin as payment. And while there is always the risk that the state could crack down on cryptocurrency at any time, for now it appears that residents are free to use Bitcoin as they see fit.

So, is Bitcoin legal in New Jersey? For now, it seems the answer is yes – but that could always change in the future.

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