Is cryptocurrency legal in my country?
The legality of cryptocurrency varies by country. Can you tell me which country you're in?
I'm in Canada.
In Canada, cryptocurrency is legal and regulated. You can buy, sell, and trade it, but be aware of tax implications.
What about using it for purchases?
Yes, many businesses in Canada accept cryptocurrency as a form of payment, but it's still not as common as traditional currencies.
Are there any restrictions I should know about?
Yes, while it's legal, there are regulations regarding anti-money laundering and reporting requirements that you should follow.
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