Coin trading is a commercial activity that has become widespread in recent years. Many people can start trading coins by purchasing the desired amount of crypto money within minutes without leaving home. But since people are not familiar with virtual currencies, they are wondering if the transactions made through these currencies are legal. Crypto coins are formed by specific encryption algorithms, which can be understood from its name. So that’s the biggest difference of crypto currencies against real currencies.
Also, crypto money transfers are carried out over the internet and the name of the sender is not certain. Therefore, a large part of the illegal transactions carried out on the internet is done through crypto money. However, this does not mean that the crypto money is insecure and illegal. Because when the bitcoin is used for the right purposes it is certainly no different than the dollar. This is the case, for example, when unfair income on the dollar is spent with illegal methods. Using crypto currencies is certainly not a crime, but it is a criminal offense if these currencies are used for illegal methods.
Since crypto keys are encrypted with special encryption methods, it is difficult to realize a situation like stealing. Therefore, those with a certain amount of money in hand can opt for crypto coins to use their money for a safe investment. However, investment sites receive certain taxes for their purchase-sale operations. So when you trade coin you have to consider these taxes. In short, using cryptographic currencies is not a crime.
However, some countries such as the US and the Netherlands have restricted cryptographic currencies because they do not see the future of these currencies as healthy.
Therefore, it is prohibited to shop and use crypto currencies in these countries. However, you can also invest in countries that prohibit these currencies as the currencies can not be made by the corresponding states.