Cryptocurrency Q&A Is Bitcoin farming Legal?

Is Bitcoin farming Legal?

SamuraiHonor SamuraiHonor Fri Nov 29 2024 | 7 answers 1527
I'm wondering if Bitcoin farming, also known as Bitcoin mining, is legal in most countries or regions. Are there any specific laws or regulations that govern this activity? Is Bitcoin farming Legal?

7 answers

Raffaele Raffaele Sun Dec 01 2024
China, renowned for its vast economy, is among the nations that have prohibited Bitcoin mining.

Was this helpful?

315
74
Claudio Claudio Sun Dec 01 2024
In 2021, the Chinese government made a decisive move to outlaw bitcoin mining within its borders.

Was this helpful?

262
56
AzureWave AzureWave Sun Dec 01 2024
This ban extends beyond mining, as the government has also forbidden all transactions involving cryptocurrencies.

Was this helpful?

177
21
Riccardo Riccardo Sun Dec 01 2024
Bitcoin mining holds a legal status in the majority of countries across the globe.

Was this helpful?

67
71
IncheonBeautyBloomingRadiance IncheonBeautyBloomingRadiance Sun Dec 01 2024
With this regulation, China aims to curb the growth and influence of digital currencies within its financial system.

Was this helpful?

291
33
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts