Bitcoin mining is illegal

HOW15

The legality of Bitcoin mining depends entirely on its geographic location. Because bitcoin is not a fiat currency, government control over financial markets is under threat. So bitcoin mining can be a crime in some countries, you can find those countries where mining is prohibited by researching countries where cryptocurrencies are prohibited. Some examples of places where it is illegal are Algeria, Egypt, Morocco, Bolivia, Ecuador, Nepal and Pakistan. .

In the United States bitcoin mining is legal, that means you can mine your precious bitcoins without worry.

In many states in the United States, it is perfectly legal to buy Bitcoins. In 2013, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FINCEN) guidelines stated that it is legal to invest in Bitcoin and use it as a form of payment, as long as the seller of the goods or services is willing to accept it.

Many U.S. states…

View original post 232 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s