[ Bitcoin ] Bitcoin mining legalized in Venezuela; National Pool included
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There are no clear regulations regarding mining activity of cryptocurrencies. The government has issued instructions regarding bitcoin investment and has warned that bitcoin is not regulated. Even after the instruction of RBI, still, the Bitcoin investment or trading is not illegal in India. Mining is just like developing a software and there is no regulation in this regard. Therefore till now the mining activity is also legal in India Source: Bitcoin Forum
As of now, bitcoin mining is considered legal in many countries, and it is safe, but such regulatory environments can change quickly. A striking example of how official attitudes to bitcoin mining can change, came in Iran in June 2019 officials at the Ministry of Energy threatened to cut off power to crypto mining due to energy overconsumption. Kindly send any such request to [email protected] By sending an inquiry to [email protected], you expressly consent and agree that any and all such communications become the sole property of Bitcoin.com and that Bitcoin.com shall have the right, in its sole discretion, to publish or disseminate any such communications, regardless of the ... For the most part, yes, bitcoin mining is most likely legal in your jurisdiction. However, there are some places around the world where possession and use of bitcoin are illegal and bitcoin mining is illegal as well. Through North America and Western Europe, bitcoin is relatively accepted by legal authorities and some laws have been passed to ... Bitcoin mining is the process of updating the Bitcoin blockchain or the ledger. It is also the method through which new bitcoins enter the whole ecosystem. Bitcoin miners put their resources (time, electricity, equipment, computation, etc.) to validate new transactions and hence mine new ‘blocks’ (blocks are a group of transactions). Algeria. Illegal – If you live in the Northen African nation of Alergia, you aren’t allowed to buy, sell or possess any form of cryptocurrency. The declaration was made in the Algerian “Journal Officiel” on December 2017. All types of cryptocurrency, like Bitcoin is illegal, and breaking the law is punishable by both law and force.
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