Cryptocurrency Q&A
Are Bitcoin miners legal?
Are Bitcoin miners legal?
GeishaGrace
Wed Nov 27 2024
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6 answers
1172
I'm wondering if Bitcoin miners are operating within the bounds of legality. Are they considered legal entities or do they exist in a gray area of the law?
6 answers
ethan_thompson_journalist
Fri Nov 29 2024
Bitcoin mining holds a legal status in a majority of countries across the globe.
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Dario
Fri Nov 29 2024
Despite its widespread legality, several jurisdictions have taken a stance against it and implemented bans.
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Isabella
Fri Nov 29 2024
Notably, China, a significant player in the global economic landscape, made a decision in 2021 to outlaw Bitcoin mining within its borders.
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CryptoVanguard
Fri Nov 29 2024
This move by the Chinese government was a significant blow to the cryptocurrency mining industry, given the country's prominent role in it.
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EchoWave
Thu Nov 28 2024
Along with the ban on mining, the Chinese authorities also prohibited all transactions involving cryptocurrencies.
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