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Abba

03/15 12:29

Is Bitcoin mining legal?

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If you're wondering whether Bitcoin mining is legal — the answer is yes, considering the acceptance by various jurisdictions. For example, Enigma (based in Iceland) opened one of the world's most extensive Bitcoin mining operations. 
Crypto mining is considered a business in Israel and is subject to the corporate income tax. On the other hand, crypto miners are considered money transmitters by the Financial Crimes Enforcement Network (FinCEN) in the United States, meaning they may be subject to the rules that govern that conduct. 
In addition, near the base of the Conchagua volcano, a new "Bitcoin city" will be built in the shape of a coin, as announced by El Salvador's President Nayib Bukele in November 2021. Bitcoin mining will be powered by geothermal energy throughout the city. El Salvador will raise a billion-dollar "Bitcoin bond" with the help of crypto infrastructure provider Blockstream to commence construction of the city.
However, in Algeria, Nepal, Russia, Bolivia, Egypt, Morocco, Ecuador, and Pakistan, Bitcoin mining is prohibited. You should always check local rules where you live to find out if Bitcoin mining is legal in your jurisdiction.



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