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Bitcoin ethics reddit

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Bitcoin mining illegal

bitcoin mining illegal

Committee had a session to examine the potential uses of virtual currencies in both the domestic and global market. Instead, it is allowed to be traded as a commodity. I cant visualize how this would work. Moreover, the fact that anyone can join this network and contribute to its growth is a nightmare for some governments around the world. The short answer to this is, yes. Thailand Banking ban, banking services are denied to crypto businesses. And many African countries have remained silent on the matter of Bitcoin, so their stance is still not clear. China has shut down many crypto exchanges and mining companies, however, Bitcoin miners are still present in the country. Member, offline, activity: 288.

Is, bitcoin mining illegal?

bitcoin mining illegal

Here are a few hand-picked articles that you should read next: 79 shares. Many other countries have not really banned it or termed illegal, but are still unclear about their stance. Related Posts, bitcoin Video Crash Course, dummy-proof explainer videos enjoyed by over 100,000 students. You are at: Home fAQ basic Questions »Is Bitcoin mining illegal?

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Li Yang, the owner of a 5 million mining rig, told a local news channel that the unfortunate incident cost him 10 million yuan (1.5 million). Our dollar sets the mark for the world. Merit: 500, ricRock,. But if one is mining Bitcoin with his/her resources in a legit way, then it is not illegal, at least in many countries. Advertised sites are not endorsed by the Bitcoin Forum. We hate spam as much as you.