Is Binance Coin legal?

Could you please clarify for me if Binance Coin is considered legal? I've been hearing a lot about it in the crypto world, but I'm not entirely sure about its legality status. Is it recognized and allowed by regulatory authorities? Are there any countries or regions where Binance Coin is specifically prohibited or restricted? Could you provide some insights into its legal standing in the financial industry? Thank you for your assistance in this matter.