Is Litecoin legal?

[d1msolino 24]

It is quite legal, now you can even pay with Litepa in many cafes.

[BloodFrost 5]

Using the Litecoin system is completely legal in the vast majority of countries. Since in fact the use of litecoins is just the transfer of information, no one can prohibit this process. But why does the question of legality even arise?

Using litecoins for illegal purposes
Litecoins are a cryptocurrency, and therefore their use provides maximum privacy and anonymity. The level of information security is much higher than when using "traditional" currencies, paper or electronic. Therefore, it is quite expected that people who buy and sell something forbidden use litecoins or other cryptocurrencies: they are almost one hundred percent protected from tracing the transactions they make. True, most often offenders still make mistakes somewhere, and they are "caught by the hand", but that's another story.

What is not forbidden is allowed
If you are not going to carry out a transaction prohibited by law using lightcoins, then the use of this currency itself is completely legal. It can be illegal only in countries with a strict information policy, where the presumption of prohibition is in effect: if the law does not say that an operation can be carried out, then it cannot be carried out. There are such countries, but there are quite a few of them.

Most countries have a presumption of permissibility. Cryptocurrency is not described or regulated by law - in fact, the bytes contained on your hard disk are ordinary information from the legal point of view. You are free to modify, transfer, create or delete it at your discretion. Thus, in the process of using Litecoins, you do not commit anything illegal.

[CryptoTrade 53]

In general, Litecoin has its own fund called Litecoin Foundation. And this foundation is a sponsor of sports competitions. All this makes it clear that litecoin is legal.

[LeoClarke1972 13]

Litecoin is one of the main coins, maybe most famous after Ether and Bitcoin. And it is legal in countries that have not banned Crypto.

[ebuald5 14]

Speaking from a general point of view, of course, Litecoin is legal and all cryptocurrencies are, but depending on the country since many regulate these or erratically observe the use of cryptocurrencies. Speaking exclusively of LTC, it is a currency that I love, I have made a lot of profits with its falls and rises, it seems very good to me.

[razgildai 20]

Yes certainly you can mine litecoin and it is legal mostly everywhere. The validity of LTC is the same as the other coins like BTC, ETH etc. Litecoin is good for mining and investing.

[nguyendu1997 140]

the majority of countries do not make the usage of bitcoin (litecoin)  itself illegal, its status as money (or a commodity) varies, with differing regulatory implications. 

[LeoClarke1972 13]

I think Litecoin is going to be very important in the Crypto market in a similar way to BTC ie will be used to pay for goods and services once mass adoption comes into play. It is also a lot cheaper and faster than BTC.

[Gabriels100 157]

Of course Litecoin is a legal cryptocurrency this project with open source software was published under the MIT license, it was inspired by Bitcoin. Its creation and transfer is based on a cryptographic protocol not administered by any central authority and supported by the consensus of a peer-to-peer network. The only point is that it is not regulated.

[caeb2009 154]

This is one of the first questions a person asks himself when he knows this technology. A question of apparent simplicity; anyone would expect only two possible answers: yes or no. But already the LITECOINS is a very popular currency and is legal in most countries.

[Plenitud11 33]

I have not really heard that lite is illegal, in fact it is one of the most used currencies for the exchange between exchanges due to the low commissions.

[Jockera134 41]

Why you have the same questions? If litecoin will be illegal, than all crypto will be illegal, so all crypto is legal and prohibited only in some countries, so you are able to trade it without any doubt and get good profit from it 

[Orlandito 58]

On 10/6/2020 at 6:24 AM, Mostfa Alex said:

What is the specialty of Litecoin 

like litecoin like bitcoin like ethereum and other crypto currency when it's legal for one it's legal for all no exception 

Exactly they all belong to the same family. So they are all right there. Some are worth a lot, others less and others nothing, but they are all part of the same ecosystem.

[maryoar 148]

Although cryptocurrencies have an excellent reputation for being used, a growing number of legitimate and legal stores accept Litecoin as legal tender. Is the use of Litecoin legal? The answer to that yes. Regulations vary from country to country. But with the passing of the years it is estimated that they are accepted and legal in all countries of the world!

[carolinasimon100 61]

Basically we could say that Litecoin is legal, since it is pretty similar to Bitcoin, it depends on the cryptocurrency regulations in each country around the world, that's why it depends on whether Litecoin is banned or not. I will recommend you to search for information about countries who banned Litecoin.

 

[LeoClarke1972 13]

At least I hope that all popular Crypto coins like BTC, ETH, LTC etc are all legal. We hope all governments see their value and accept them soon.

[Cahrembang 29]

I don't understand what you mean.
Litecoin is clearly legal
because it is not for money laundering, gambling and other illicit transactions.

[viktor58123 43]

Litecoin is as "legal" as any other coin, so this is all nonsense.

[Osama5546 89]

نعم طبعا فهي عملة جيدة للاستثمار ومشروعها قوي وقد نراها بأسعار مرتفعة جدا في الفترة القادمة

[LeoClarke1972 13]

The question should really be is Crypto legal as in some countries this is not the case.

[Emilio Jose 42]

Litecoin is a cryptocurrency that has been around for many years and of course it is legal, many people invest in it and of course not everyone is lucky, there are some who get angry with the cryptocurrency and decide to comment negative things as well as people who are doing it. good and they comment positive things
 

[felipe isaza 15]

Cryptocurrencies in general is not a regulated market but there are countries where cryptocurrencies are not allowed and therefore the ltc would be illegal

[Diego666 2]

No solo es legal si no que es uno de los mejores proyectos que existen en el mundo crypto

[alex380 49]

I believe that litecoin is equated to other cryptocurrencies in general a special status for litecoin And there is nothing that I think it is legal although it depends on other countries each country is different and the attitude to cryptocurrency but I do not know that anyone specifically forbade litecoin.

[Daramola Abiodun T 60]

Litecoin is legal like any other country. It is a coin that is already doing well in the crypto currencies world. And it is even found among the first 10 in the world. So there is no doubt as regard the legality of litecoin. However, its legality may vary from country to country