Is Bitcoin Mining Legal?
Many countries have not yet established legal regulations for bitcoin mining to obtain bitcoin, which can be considered a digital asset. Although the main focus of the process to date is to prevent energy consumption, regulations have made bitcoin mining more costly than illegal. Almost none of these regulations aim at direct targeting people who are neither bitcoin nor bitcoin mining.
The fine line between using and digging bitcoin as a means of payment ensures that bitcoin mining is not regulated in almost the entire world. It is possible to say that bitcoin mining is legal since there are no regulations that declare it illegal.
Is Bitcoin Exchange Legal?
The fact that Bitcoin is used as a means of payment attracts the attention of the states which can be called as establishment order. The states that intend to collect taxes and wish to operate legal regulations have become restrictive on the purchase and sale of bitcoin. For the latest bitcoin mining news, you should choose freecloudmining.com!
Many world states, especially developed countries, want to regulate the purchase and sale of bitcoin; they also aim to collect taxes based on the rules. Today, there are no states that declare bitcoin illegal, except for a few countries.
Bitcoin's decentralized structure does not change the situation, whether it is legal or illegal because it minimizes state control. The only result of legal - illegal pressures made by the establishment is the price of the bitcoin mining market.