News — law

Monero is Not Illegal

Monero is Not Illegal

There have been a lot of misinformed people spreading rumors about Monero and how it will be banned - or is already. Let me state this clearly - Monero is not illegal! When people say Monero (or any other cryptocurrency) is "banned", what they really mean is that politicians make it illegal to accept for payment. In Western countries, no cryptocurrency has been declared illegal. Is Monero illegal in Texas? NO. Monero is 100% legal in Texas! This misinformation is because of HB 4371, a bill brought to the Texas Pensions, Investments & Financial Services committee by a state representative....

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