Is BTC mining illegal?

Despite its widespread legality, a handful of jurisdictions have imposed bans on this activity. These regions have deemed bitcoin mining illegal due to various concerns ranging from energy consumption to financial stability.

Notably, China, which boasts one of the largest economies in the world, took a decisive stance against Bitcoin mining in 2021. The government's move was aimed at curbing the increasing energy demands of the mining industry and addressing environmental concerns.

Along with the ban on bitcoin mining, the Chinese government also prohibited all cryptocurrency transactions within its borders. This sweeping ban was implemented to further distance the country from the volatile and unregulated world of cryptocurrencies.

Bitcoin mining holds a legal status in the majority of countries across the globe.

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