Is Litecoin legal?

[alina.odintsova 34]

yes ltc is legal in countries where you can pay with cryptocurrencies for goods and services, in the rest there is either no legislation for them or they are prohibited

[rnaire 62]

 

The legality of cryptocurrencies in each country may vary, however in most countries, Bitcoin is considered the best cryptocurrency for its excellence and as a decentralized convertible virtual currency by the FinCEN of the United States Department of the Treasury, therefore The purchase of goods and services with Bitcoins is completely legal, so Litecoin that is inspired and practically identical in its technical aspect to Bitcoin is also legal.

[okqqq 33]

If you ask me if litecoin is legal, I will say that it depends on the country in which you live, but in my country you can use cryptocurrency.

Edited October 5, 2020 by okqqq

[glyk85 166]

Все цифровые валюты, такие как Биткоин, Лайткоин и Эфириум, являются незаконными, непризнанными и несанкционированными в большинстве стран и караются законом.

[robik963 10]

Litecoin is a cryptocurrency, like all others, and all cryptocurrencies have the same rules. If the use of bitcoins is banned in one country for one reason or another, the same applies to any other coin. 

[epicote49 34]

answering the question of the topic of the post - of course! but within the framework of legality and all cryptocurrency. in some countries, legality is gaining momentum and maybe in the near future we will see the widespread use of cryptocurrencies

[KirillRich888 19]

It depends in what country you live. If you live in country where a lot of regulations and restrictions, then any crypto is illegal. But if you live there, where cryptocurrency is allowed to buy, sell and invest, then litecoin is legal.

[Nicolae01 73]

Litecoin is a "legal" crypto which means it has developers that are known, and an active community. If some people use crypto for illegal reasons it's not their fault, you can't say that bitcoin or litecoin is illegal cause people use it to wash money by example. I think every crypto has it good and bad sides, you shouldn't judge it if you hear that the mafia or some bad people use it.

[ArianLp 64]

From my criteria, I consider Litecoin to be legal, like most cryptocurrencies, despite being decentralized.  It is worth mentioning that each country has its regulations but this does not affect as such the legality or not of digital currencies.

[keton_double_k 10]

I would argue about the state, but I would agree with the above - this coin is absolutely legal.

[lvirus 6]

In ninety nine per cent of the world is legal.

most likely you can use it safely.

[lando 76]

yes i think that cryptocurrencies in general are not illegal, there are only regulations that vary from country to country.

[havana 0]

Like all cryptocurrencies, I guess they have the same limitations

[javad 58]

lite never die i think . you can invest and research about that . hodl key of success. litecoin another bitcoin

[Osiris0 36]

Of course it is legal, one of the best friends can tell you anyone who is in this world

[Randall80 147]

The answer is yes, Litecoin is legal. It uses P2P technology to operate without a central authority but that it is a decentralized token does not mean that it is not legal like all other cryptocurrencies. As of today, October 5, 2020, 1 Litecoin has a value of 45.94 US dollars.

 

[Jeanette Rendon 102]

Hi everyone! Litecoin is legal, litecoin is a cryptocurrency with a great future, the value of this currency is fascinating and another great thing is that in the exchanges the commissions with these cryptocurrencies are very low

[fatimateta 175]

Yes for sure litecoin is very good coin with high potential that has great community and day by day it gains more popularity and i think in 2021 we will see huge pump in it

[buildupks 38]

Of course, it is the BTC net test.
 

[khaleesi2020 115]

Hi good day!
Greetings good people, if indeed litecoin is a legal digital cryptocurrency, it has a presence in the market for some time now, you can buy it with Yobit, enter and register!

[dark1night 94]

It has a high trading volume. Litecoin has been bought and sold since 2011. it is among the top 10 coins. For these resons, Litecoin is very popular with investors. If a cryptocurrency has a high trading colume, it is not diffucult to find a buyer. If the trading volume is low, you may run into problems. It is on Coinbase. This is a huge advantage for Litecoin.

[ascaniohenry 20]

The regulations are to control the use of cryptocurrencies in each specific country, although they are not illegal since the use is direct from person to person or through the chain of blocks that through one or several confirmations can be made the transaction without intermediaries. In short, neither Litecoin, Bitcoin or Ethereum is illegal but helps a country’s economy.

[simonsilva823 53]

And that will depend on the country in which you reside, since many countries have limitations with cryptocurrencies they can even go to prison, but LITECOIN like bitcoin or ethereum for example are virtual currencies that for many are not legal, but that you earn legally makes the difference. Greetings.
 

[supertron1234 44]

I do not think it is legal in all countries, since some have limitations with different cryptos and others that are a little more venomous, although I have seen in my country that there are people who pay with crypto without any state entity reproaching them for something.

[its.cryptologic 163]

Crypto currency rules and regulations depend on the area you live in. Be sure to abide by the rules of your area as you could end up in some serious legal / tax trouble.