Are there legal or tax implications to owning cryptocurrency?

Yes, there are legal and tax implications to owning cryptocurrency. Cryptocurrencies are generally not considered legal tender in most countries, although some countries have begun to recognize certain digital currencies as a form of payment. It is also important to be aware of the taxation rules applicable to cryptocurrencies, as they can vary greatly from country to country. Additionally, it is important to be aware of any laws related to anti-money laundering, know-your-customer (KYC) requirements, and anti-tax evasion when dealing with cryptocurrencies.