Is Litecoin legal?

[selfmade 7]

Litecoin is one of the best and trusted coins and is very popular so yes Litecoin is legit as the cryptocurrencies in general.

[Oki 675]

Litecoin is legal in my country, but can only be used as an investment, just like Bitcoin. Litecoin is one of those coins that has the potential to increase very high. The trading volume of Litecoin continues to increase every year. The advantage of Litecoin is that it has low transaction fees, but if the price goes up, of course the transaction costs will also increase.

[chambers 58]

Just like bitcoin and Ethereum, the legality of litecoin is not something to doubt in any form or in any way, 

Although some countries of the world still view some cryptocurrencies as illegal but litecoin is never amongst those currencies 

[Maya20 1048]

 Litecoin and Bitcoin are legal in some countries that allow cryptocurrencies, but there are countries that are prohibited from using and trading in cryptocurrencies. 

[isther69 522]

LITECOIN is as legal as BITCOIN but there are always people who discriminate against it just like many of the cryptosystems called scams but always LTC has some advantages over BTC of which the most significant is the low fees that are low compared to BITCOIN and the transactions are faster.

[AL SHAIMON 1293]

If your country accepted bitcoin than litecoin also legal in your country. Litecoin is just a cryptocurrency as like as bitcoin. You can use litecoin without any fear because you already using bitcoin. 

[Mr john 12]

The Litecoin Network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes. This allows Litecoin to confirm transactions much faster than Bitcoin.

[AdCoins135 37]

Litecoin is the seventh strongest coin now, it is legal that is why it is listed on exchanges that are regulated by the governments. It has a strong blockchain and one of the best cryptocurrencies which makes it more legal. 

 

[Mário Figueira Fernandes 21]

Litecoin is a cryptocurrency like several others and crypto all have the same recognition. If in one united states the use of bitcoin is illegal for a cause or some other, the same goes for every other coin. They are all cryptocurrencies, but simply fluctuate of their initiatives...

[Roman Wickler 1021]

Litecoin legalisation is better chances than bitcoin. Many countries which don't accept bitcoin accept litecoin. But if bitcoin accepted by banned countries then litecoin transaction will be more increased. It will be more easier to use.

[Jhujhu 62]

The legitimacy of cryptocurrencies varies from country to country, and so it depends on where you live, and as with other cryptocurrencies, Bitcoin is subject to the same rules and regulations, as it does not lag behind Bitcoin.  You too can benefit if you post well here regularly.

[guatazoo 7150]

Litecoin will only be legally for those countries which have legilize cryptocurrencies, but for those countries which crypto is just an illegal business, lite coin also will not be legally. 

[Cleaner 2549]

16 hours ago, guatazoo said:

Litecoin will only be legally for those countries which have legilize cryptocurrencies, but for those countries which crypto is just an illegal business, lite coin also will not be legally. 

right @guatazoo..litecoin is a crypto currency.  And cryptocurrencies are not legal tender in all countries.  Litecoin is legal in countries where cryptocurrency is legal.  Cryptocurrencies are legal tender in 69 countries, but gradually cryptocurrencies will be legal tender in all countries.

[Rozy 1918]

There is no banning against one specific cryptocurrency , some countries have restriction on all of cryptos, not on specific ones, and other countries have facilitation for crypto trade, they even have ATMs for it. So if litecoin is restricted in a particular country then all of the other currencies are restricted too. 

[TanvyDipu13 7]

Actually my friend, litecoin is a cryptocurrency. And i think you know that crypto currencies are not legal to all over the countries. If cryptocurrency is legal on your country, litecoin will also be legal. And litecoin are exchanging in many trading site. So trade carefully if litecoin is legal on your country. Thank you.

[LOLIA NAHHAS 339]

Depending on what you searched for in the topic, all cryptocurrencies have the same regulations or restrictions differently in different countries.
  Litecoin is one of the oldest coins on the market.

[kenan975 54]

Litecoin also attracted a sizeable community. If we look at reddit subscribers, an “okay” metric to compare sizes for crypto projects, Litecoin’s channel has 199k subscribers compared to 909k subscribers on Bitcoin.

Litecoin nowadays is a well-recognized cryptocurrency that remains in the top-10 of market caps, above 2.8 billion Euros.

[Rose85 13]

Yes!  Litecoin  is legal because it is one of the top ten currencies.  This is very useful for us.  And we can work here regularly. It is used for various purposes. Many countries have officially declared it.

Edited January 26, 2021 by Rose85
Spelling

[Hanbal 359]

The legality of cryptocurrency varies from country to country not only litecoin all cryptocurrency are illegal in every country except the countries that accept it.

[Rafin478 614]

On 10/21/2019 at 12:02 AM, chirinemannai said:

The short answer is yes. The regulations vary from country to country, but you can expect to see national financial regulators interested in Litecoin and other virtual currencies, possibly alongside state-level regional regulators.

litecoin is a part of cryptocurrency.You can make transactions using Litecoin.Everyone uses light coins to withdraw money because litecoin charges a much lower fee.Litecoin is legal coin.

[Anastasiaa 27]

Litecoin was gotten from a fork of Bitcoin and just like bitcoin, the lite coin is legal inmost countries that accept cryptocurrencies

[Sally Yina 391]

Light coin and touch coin are equal. Where Bitcoin will be legally high-litin illegally .Then comes the countries that have blacklisted cryptographic types of cash and NKW exchanges that allow individual countries. Stop an exchange 31 countries today and exchange them with them.

[Goopang 202]

Litecoin is the best currency at this time so if you think that this one is legit or not you are at wrong because this currency is also like bitcoin or Ethurem best at this time and having good price in market and number of users using this currency for trading purpose at this time. 

[wisesaba 49]

Crypto currencies can be termed illegal or legal as there are variation of regulations each country has posed upon them.. the legality of the coins can be viewed from the country you are trading from

[Jubayer jhn 24]

Litecoin is no longer our cryptocurrency?  How is it different from thousands of other cryptocurrencies?  It has the same status as any other cryptocurrency.  It is more accurate to say that he has no status.  Once legal, the status will remain.