Is Currency Trading Legal
Before the introduction of the internet, retail investors had difficulty participating in the Crypto market, primarily because crypto currency is not traded on a central exchange like the Crypto market. Cryptocurrency occurs over the counter in decentralized worldwide markets; as a result, only large institutions were able to participate, because they had the resources to keep traders on-site. However, now that crypto is traded electronically via the internet, even the smallest individual is able to trade crypto.
The way the market interprets the act will impact whether it is beneficial to open a crypto account overseas. Opening a crypto account overseas allows retail investors to trade like other foreign market participants -unrestricted by leverage and other requirements