[ 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
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 ... Bitcoin Mining – Legal Or Illegal? There is a way to answer this shortly and quickly, and that answer is yes, it is legal to mine Bitcoin. However, it is legal to mine it only in those countries where Bitcoin itself is legal. There are also countries that have made Bitcoin, and probably most other (if not all) cryptocurrencies illegal. 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). By and large bitcoin mining is a perfectly legal activity. Even in a few countries that do regulate the use of bitcoin, such as Iceland, mining bitcoin is still legal. Many countries, including most African countries, have not passed any legislation for or against bitcoin, and have generally remained silent on the issue. As of February 2020, Bitcoin was legal in the U.S., Japan, the U.K., Canada, and most other developed countries. In general, it is necessary to look at Bitcoin laws in specific countries.
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