Is Litecoin legal?

[CryptoHamster 115]

On 10/20/2019 at 9:02 PM, 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.

I would say LTC (as well as any other crypto)  could not be either legal or illegal. A government doesn't mint these coins, so they are just unable to control it's cash flow somehow.
You need just pc and internet access to use crypto, don't need government's license or something like this. In hex code crypto transaction looks the same like a message you send to a friend in facebook or other messenger. So, who can restrict you to use?
 They may restrict you in exchange crypto to local fiat. But that is all.

[Tarikdamiri 34]

I think it's a legal , 

Litecoin is a good project , it's more cheap and more fast for the transfers from the BTC. 

 

[HICHHH01 62]

Litecoin is a good currency and I think it will get its good value in the next term. I think it is good and deserves more appreciation
And it is certain that it will become a reliable currency for everyone, especially governments

[Tranzc 64]

On 20/10/2019 at 13:02, chirinemannai said:

La respuesta corta es sí. Las regulaciones varían de un país a otro, pero puede esperar ver reguladores financieros nacionales interesados en Litecoin y otras monedas virtuales, posiblemente junto con reguladores regionales a nivel estatal.

If we go to legal terms, no cryptocurrency is legal, because they are digital assets that have no control on the part of the government and that is one of the main problems that in many countries the use of cryptocurrencies is prohibited, not especially Litecoin, but all, taking into account their high risk and the ease with which people can be fooled , as well as Ponzi's schema business, with the difference that cryptocurrencies are the reward acquired for some work done, whether service or even mining, and although many businesses worldwide are accepting payment of their products with cryptocurrencies, it does not mean that they are legal in court.

 

[ponijandu 0]

Crypto currencies are not legal. Countries are making some regulations on trading cryptocurrencies. But in future cryptocurrencies may be legal tender.

[Koussaygame07 103]

What do you mean by legal or illegal in the field of cryptocurrencies, as they are anonymous even from its founders who are not known to the point of now to avoid any control and any pressure by any institution, so it is called free currencies ...

[ahmednasse 27]

Yes, legal since its inception in 2011 and uses the blockchain system like Bitcoin, and among its establishments is the former Google president

[Bortmexanuk 27]

It is no different from any other cryptocurrency. It's just that different countries have different rules associated with this, and that's all. 

[Snow2020 113]

It is obvious, it is completely legal, like the other cryptocurrencies, obviously some have different restrictions due to their origin but they are legal, they are

[hanguyen 41]

litecoin in particular and cryptocurrencies in general are widely traded. Whether it is legal or not depends on the laws of each country. Find out the laws of your country before exchange.

[Onden 2098]

Actually Litecoin and other cryptocurrencies are legal and can be converted into fiat in any country. It's just that every country has its own rules regarding the use of cryptocurrency, so each country must be different. There are also countries that do not regulate cryptocurrency, but also do not prohibit it, but we can still transact and convert to fiat.

[Asphenix 71]

All about Litecoin, the rival cryptocurrency of Bitcoin. Despite the fact that cryptocurrencies have a reputation for being used on the dark web for drug and other transactions, a growing number of legitimate and legal stores accept Litecoin as legal tender.

[Alexiscaceres 110]

Litecoin is a currency that has all my confidence, its transactions are fast, its commissions low, and it usually moves enough to make money with it

[Mridul Rahman 1058]

Well whole Cryptocurrency is prohibited in our country.But still we are working on it.Yes it vary from country to country.But Litecoin is legal as bitcoin is.Litecoin is also a great demanded coin.

[smithk 149]

Litecoin just like other crypto currencies faces this question of legality. The case of legality would depend on who, which instution or which regulatory body and which country. In some countries crypto is legal while in some it is illegal.

However note that for those that have embraced crypto, LTC is legal.

I personally like their chain. Quite FAST & CHEAP 

[johnnisan 15]

Yes, I hope, and with lite coin I am very optimistic that it will gain even better popularity in the future, and that everyone will be able to afford it legally. Thank you

[Enola Holms 0]

It depends on the country, if in any country, any coin is legal there will be no possibility for the other coin to be illegal so it will be legal in the country where btc is legal.

[rodolfolopez 88]

On 10/20/2019 at 2:02 PM, 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.

It is not only about litecoin, this is general for any cyptocurrency, it is something burning and interesting because online payment means concern us all, in that sense they are not legal because they are not subject to any State or nation, much less to their respective or particular laws, nor to groups of nations; They are not taxed as they are not real, tangible money, recorded in a bank for example.

We go to detail, the value rises and people wonder how it is controlled, how to make them contribute to the respective economies; However, any concept of control or taxation is still vaporous. The true transforming power of bitcoin is not in the speculative bubble that can take it to unimaginable prices, it lies in that, which is the network, the group of stakeholders who manage and They manage the process, it does not require voracious or wasteful governments to manage or squander funds. Despite the money trail, reaching its source is important for government agencies, especially those involved in drug trafficking, money laundering and other illicit activities, as there is not a single company or company that faces or centralizes the handling of this currency, the matter becomes complex and more if it were to close the network. Let's say the weak link in the process would be when virtual money is exchanged for real money, something that can happen anywhere in the world and for any type of international currency. It is also tedious to handle.

But just as there will be those who defend the system as a way to get funds to pro-democracy groups or defenders of human rights in totalitarian regimes, this same condition could serve to finance extremist groups.
Technology generally does not take a moral stand, it puts the tools in place and each person decides what to do with them and how far they go.
Now, the legal status of the litecoin of bitcoin or any crypto varies from country to country. In many states there is no legislation in this regard, in others it has. Most countries do not use bitcoin as it is considered illegal (outside the law). But it is only a sham because to date they accept it under the table, since some allow its explicit use and trade while others prohibit it outright.

[ruedas3 26]

Litecoin is a legal currency and can be bought and sold and invested in it

 

Although its value is not much, it is believed that later it will probably be worth much more than it costs today

[Anoni 65]

Yes litecoins is legal. But it is only legal in crypto  currency's world. In real world it is illegal . But in few countries it can be legal i have no knowledge about it. Litecoin,bitcoin, etherium all the coins is illegal  for external  world 

[Sotorupa 972]

Somewhere it is legal somewhere it is illegal. Most of the country don’t accept digital currency. On this country ltc is illegal. But ltc is legal in whole crypto world          

[Longs 12]

Whether a coin is legal or illegal basically depends on legal regulations. e.g. Bitcoin is an official currency in Germany. Litecoin, on the other hand, does not. Nevertheless, it is traded on all stock exchanges known to me and is generally accepted. Therefore it is a legal coin for me personally.

[Tannah 1228]

Litecoin isn’t legal in all of the countries. But is is legal in whole crypto world. Most of the country Don't accept digutal currency as their payment method. In these countries litecoin is illegal. But it can be exchanged in internet over all of the countries.            

[joemcgwa 3227]

Litecoin is just a legal cryptocurrency just like others currencies, but if the country is restricted the cryptocurrency uses, that's means Litecoin also will be illegal in that country.

[Ryken8 545]

On 10/21/2019 at 2:02 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.

I’m not sure why litecoin is being singled out from other cryptocurrencies but cryptocurrencies are not illegal, it is just new technology that had only come to existence in 2009 when bitcoin was created hence there is a lack of regulation by counties or governments over it which may had prompt some misconception that cryptocurrency are not legal.