is bitcoin illegal

Is Bitcoin Illegal? The Criminal Consequences of Using Cryptocurrency

While most people don’t know how to purchase bitcoin, they’ve definitely heard about it. News stories abound about how the cryptocurrency’s anonymous nature makes it perfect for illegal activities. Cybercriminals who perpetrate large-scale ransomware attacks, like WannaCry and Petya, often demand that their victims pay using bitcoins. Bitcoin is a form of cryptocurrency – a digital asset that can act …