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What is the legal status of crypto in your country?

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Fidelia

Fidelia

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Every country in the world have their own stand regarding the legitimacy or otherwise of crypto. Some countries have outrightly banned crypto while others are trying to give it a look in.

What is the legal status of crypto in your country as at now?
 
The legal status of crypto in your country is as a commodity, meaning that crypto can be bought and sold or traded on crypto exchanges and crypto can also be used as an investment instrument without government intervention, but crypto is prohibited from being used as a means of payment.
 
eLdavis said:
In Nigeria the use of crypto currency is not banned, rather the government is trying to regulate it.
Click to expand...
If the use of crypto in Nigeria is not banned, is it used as legal tender, which means many stores accept crypto payments.
 
Suba said:
If the use of crypto in Nigeria is not banned, is it used as legal tender, which means many stores accept crypto payments.
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No, while it is not banned, it's rare to see a store here that uses crypto. It is mostly individual that trade with it.
 
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