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chirinemannai

Is Litecoin legal?

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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.

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I think that cryptocurrencies in general are not illegal, there are only regulations that vary from country to country, or rather, impositions, because critp there is no regulation by government. Anyway, their restriction varies from country to country.

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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 

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First of all crypto currencies is not legal .lite coin and bit coin are same .where bitcoin is illegal hiw come litecoin would be legal .and then comes the countries their are many countries who have ban crypto currencies and nkw the exchanges are banning differwnt countries .today a exchange 31 countries and shut down their exchange with them.these problems should be solved and then all crypto currencies considerd legal in every where .you can not say  lite coin is legal.

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On 10/20/2019 at 11:43 PM, agentdosa said:

In Litecoin crypto currency is not an illegal currency but in the real world Litecoin and all crypto currencies are indeed illegal ...

Why they are illegal as some countries already regulated and working with them to make adoption. If you say Illegal, then no one should use any coin in such country.

People are still interested in these coins even after the Govt makes ban to them.

From my side if Bitcoin is legal in a country, then Litecoin too with other Crypto's as legal.

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All crypto have the same regulations or restriction differently across different countries and regions, but there have been no country that would consider one crypto legal and another crypto illegal.

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Strange question. And litecoin is no longer our cryptocurrency? How is it different from thousands of other crypto currencies? He has the same status as any other crypto currency. It is more correct to say he has no status. When legalized then there will be status

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I do not see where this assumption related to the legality of Litecoin came from. Litecoin is the younger brother of Bitcoin. Litecoin is one of the oldest old coins in the market.

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Litecoin for now has a good price when compared to a few months ago.
even I think after bitcoin experienced a very high increase on yesterday, the incident had a good impact on the price of Litecoin.
Litecoin will be legal in all countries if it has sufficient value ..

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Litecoin is legal in all countries that are crypto friendly or that don't have a banned on crypto currency, with in these countries you can trade your litecoin or sell it for flat or anything you want to do with it.

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Litecoin is one of the most important currencies on the crypto market and I think it has the same legislation as that of Bitcoin. Honestly, I am not interested in whether it is legal or not legal, as long as investing in Litecoin makes me money.

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16 minutes ago, Malu said:

If crypto is to be accepted all over the world, then all altcoins are automatic legal and there will no be restrictions to it.

Unfortunately, at the moment, there are countries where cryptocurrencies are totally forbidden and the penalties for owning, buying and selling cryptocurrencies are very harsh.

Edited by bestprofi

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Yes Litecoin is a legal coin and a real coin in the crypto market. Crypto market is a best and great market where we can get good profit even it will change our life and in this time market pumping time because from so much time crypto market is so much low and now it will go to buy soon.


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I my country Litecoin, Bitcoin, and other cryptocurrency is legal. But after seeing in reality, cryptocurrency in my country still on gray area. Where only people have exchanger can buy or sell cryptocurrency. Sometimes police coming to someone house to arrest who use cryptocurrency. I don't know what rules must i follow, but i am still holding and use some cryptocurrency. For security reason i don't trade it in real life.


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for legality depends on the location of your residence, if your country allows transactions using cryptocurrency then litecoin is clearly legal but if it doesn't allow it, litecoin is illegal in your country

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Yes it is legal because Bitcoin  why is iligal? crypto Currencies are legal LTC very good coin can buy Im from India in India LTC legal

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Of course Litecoin is a legal crypto coin. Because it’s look similar with Bitcoin and others crypto currency. But in some country it’s illegal like Bitcoin.      

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In general, because no one controls Litecoin is illegal, but in some countries Litecoin is allowed to be used as a medium of exchange, also many countries prohibit Litecoin circulation because it would disrupt their financial circulation system.

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1 minute ago, Kesonie said:

ofcourse yes! it would not be listed in some exchanges if it is not true and illegal, because it can affect many exchanges if one of their coin is not legal. 

Bitcoin legal only for counted country not be used banned listed country some of country feeling that bitcoin is money londaring  act on the world used bitcoin gambling or other illegal item.

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In my country still not any one coin is legal but soon i hope in the next year crypto will be legal and this is good for us because so many peoples will make a deal in crypto currencies and they make money through it and they are regularly support the crypto business. Crypto is a good business.


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Legally, Litecoin is pretty much like Bitcoin and all the other cryptocurrencies. In some countries they are deemed as illegal while on the rest of the world cryptos are seen as legal financial instruments. Inevitably, cryptos will be a part of our everyday lives.

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9 hours ago, Kesonie said:

I mean litecoin is legal ofcourse! We are all open to trade that and use that. I dont have any news heard that litecoin is prohibited in some countries.

Yes litecoin must be legal only for legal country agree with your opinion litecoin used trade maximum exchanger i mean some country banned crytocurrency it is the bad think of world.

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