What does virtual currency mining mean?
Virtual currency mining refers to the process of obtaining virtual currency through computer-based algorithmic calculations, commonly known as 'mining'. This activity involves solving complex mathematical problems using computing power to verify and record transactions on a blockchain, rewarding miners with virtual currency. However, it has significant energy consumption and carbon emission impacts.
Is virtual currency trading illegal?
I'm wondering if trading virtual currencies is considered illegal. I've heard mixed opinions on this and would like to get a clearer understanding of the legality of such transactions.
What is the ranking of virtual currency's future prospects in 2024?
In 2024, the virtual currency market is diverse and dynamic, with several currencies standing out due to their unique features and use cases. From Bitcoin's solid position as digital gold to Ethereum's innovation with smart contracts, these currencies offer a glimpse into the future of finance. Other notable currencies include Binance Coin, Ripple, Cardano, and more, each with their own strengths and potential for growth.
How much tax do you have to pay if you make a profit of 100 million yen from virtual currency?
I want to know the amount of tax I need to pay if I earn a profit of 100 million yen through virtual currency.
What are the characteristics of virtual currency?
I'm interested in understanding the unique features and traits of virtual currencies. What makes them distinct from traditional, fiat currencies? Are there any specific characteristics that define a virtual currency?