The Pi cryptocurrency (PI) is a relatively new cryptocurrency that was launched in 2019. Regarding its legality and convenience for investment, here are some points to consider:

*Legality*

1. *Not regulated*: The Pi cryptocurrency is not regulated by any financial authority, which means there are no guarantees that it is safe or backed by real assets.

2. *Not a security*: The Pi cryptocurrency is not considered a security, which means it is not subject to the same regulations as stocks or bonds.

*Convenience for investment*

1. *High risk*: The Pi cryptocurrency is a high-risk investment, as its value can fluctuate significantly and there are no guarantees that it will increase in value.

2. *No guarantees*: There are no guarantees that the Pi cryptocurrency will be profitable or that it will be possible to sell it in the future.

3. *Lack of liquidity*: The Pi cryptocurrency has limited liquidity, which means it may be difficult to sell or exchange it for other cryptocurrencies.

4. *Not a diversified investment*: The Pi cryptocurrency is an investment in a single cryptocurrency, which means it is not a diversified investment.

*Recommendations*

1. *Research before investing*: Carefully research the Pi cryptocurrency and its development team before investing.

2. *Do not invest more than you can afford to lose*: Do not invest more than you can afford to lose, as the Pi cryptocurrency is a high-risk investment.

3. *Diversify your investments*: Diversify your investments to reduce risk and increase the chances of profitability.

4. *Maintain a learning attitude*: Maintain a learning attitude and keep your knowledge updated about the Pi cryptocurrency and the cryptocurrency market.

*Legality in different countries*

1. *United States*: The Pi cryptocurrency is not regulated by the U.S. Securities and Exchange Commission (SEC), which means it is not considered a security and is not subject to the same regulations as stocks or bonds.

2. *European Union*: The Pi cryptocurrency is not regulated by the European Securities and Markets Authority (ESMA), which means it is not considered a security and is not subject to the same regulations as stocks or bonds.

3. *Other countries*: The legality of the Pi cryptocurrency may vary depending on the country. It is important to research the specific laws and regulations of your country before investing in Pi.

*Important considerations*

1. *Not a stable coin*: The Pi cryptocurrency is not backed by any real asset and its value can fluctuate significantly.

2. *Not a safe investment*: The Pi cryptocurrency is a high-risk investment and is not suitable for all investors.

3. *No guarantees*: There are no guarantees that the Pi cryptocurrency will increase in value or that it will be possible to sell it in the future.

In summary, the Pi cryptocurrency is legal in many countries, but it is important to research the specific laws and regulations of your country before investing. Additionally, it is important to consider the risks and not invest more than you can afford to lose.

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