Since its inception, Bitcoin has been involved in some controversy. Is Bitcoin legal or illegal? That is a tough question to answer as the legal status of Bitcoin is still somewhat nebulous.
Different countries have different lAWS regarding cryptocurrency. Some countries have banned it outright, while others have embraced it and created regulations to control it.
The legal status of Bitcoin also depends on how it is being used. For example, if someone is using Bitcoin to buy illegal drugs, then that is clearly illegal.
However, if someone is using Bitcoin to buy a cup of coffee, then that is perfectly legal.
So, the answer to the question “is Bitcoin legal or illegal?” is that it depends on the context in which it is being used. In most cases, Bitcoin is perfectly legal.
However, there are some cases where it could be considered illegal.