Bitcoin is only illegal in a few locations, including China, Iraq, and Qatar — virtually all activities relating to cryptocurrencies are banned, including transacting in Bitcoin. However, Bitcoin is legal in most other countries and jurisdictions, including the US, Canada, the UK, and the EU — individuals can legally buy, sell, hold, and spend Bitcoin. Nations like El Salvador and The Central African Republic have even classified Bitcoin as legal tender. Other nations enforce some restrictions on the use of cryptocurrency, despite not classifying all cryptocurrency-related activities as illegal. For example, Saudi Arabia restricts financial institutions from dealing in cryptocurrencies, but there are no restrictions on individuals buying or spending Bitcoin. Before buying, selling, or using Bitcoin, it is important to research your country’s or state’s laws on using Bitcoin or cryptocurrencies to ensure you’re keeping within legal guidelines.