It is necessary that you check regulations, tax laws, and licenses to learn more about bitcoin so you can transact with bitcoin without worrying about the safety of your money. The question of the legality of bitcoin is a very tricky one as it depends on your country. In some countries, the use of cryptocurrency has been deemed illegal and unsafe. There are other countries that have favorable regulations and use of cryptocurrency is accepted. In some countries, there are tax laws concerning Bitcoin. So it is very important to find out if your country applies tax laws for cryptocurrency.