Is Bitcoin Mining Legal?
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 better define its legal status. If you live in a jurisdiction where legal frameworks have been established around bitcoin, then bitcoin mining might be a practice that enjoys some legal protections. In many places around the world, bitcoin and bitcoin....
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The quotas and allocations of mining operators should be set by the regional authorities, not federal, the deputy minister says. Russian Deputy Minister of Energy Evgeny Grabchak proposed eliminating the legal vacuum around crypto mining in the country and introducing clear regulation. This statement continues the recent streak of support for the crypto industry among the officials. Speaking at the first national conference of legal crypto miners in Irkutsk on Saturday, Grabchak called for introducing the regulatory framework for the sector as soon as possible:"The legal vacuum makes it....
Russia’s Bitriver, one of the largest operators of crypto mining data centers, may take legal action against the U.S. over the decision to place it under sanctions. The company insists it does not help the Russian government to circumvent international restrictions. Bitriver Rejects US Accusations as Unfounded, Sees No Legal Ground for Sanctions Leading Russian mining enterprise Bitriver is considering filing a lawsuit against the U.S. Treasury Department, which recently designated the Swiss-registered company and a number of affiliated entities in a new round of sanctions against....
A legal effort to sue bitcoin mining firm KnCMiner over product refunds has been dealt a blow in Sweden, court documents reveal. The suit traces back to public furor related to the Titan, a mining product developed and released by KnCMiner in 2014 that was designed to confirm transactions for non-bitcoin cryptocurrencies like litecoin, a process known as mining. Anger among the firm’s customer base over delayed shipments and hardware problems sparked controversy and the rumblings of legal action. The situation led to accusations of fraud and misrepresentation, allegations of which formed....
Tehran Province, which houses Iran’s capital, was awarded only one license to operate a crypto mining center. Iran’s Ministry of Industries, Mining and Trade issued operating licenses for 30 crypto mining centers in the country, the country's Financial Tribue reported last Wednesday.Citing data from the ministry’s website, the report says that Iran’s Semnan Province received the most licenses, with six crypto mining farms now authorized to operate in the region. Alborz Province secured four such licenses, followed by Mazandaran, East Azarbaijan and Zanjan Provinces. Tehran Province, which....
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced.
Legal Crypto Miners in Iran to Halt Operations Again Due to Electricity Shortages
Authorized crypto mining enterprises in Iran will have to unplug their power-hungry coin minting equipment from the beginning of Tir, the next month in the Iranian calendar, or Wednesday, June 22. Mostafa Rajabi Mashhadi, spokesman of the....