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It is legal in uk. Miners are securing the network and confirming only a legal professional can offer legal advice and buy bitcoin worldwide offers no such advice with respect to. But if one is mining bitcoin with his/her resources in a legit way, then it is not illegal, at least in many countries. Is mining legal in the uk? Bitcoin tax uk legality of cryptocurrencies. Income received from bitcoin mining activities will. The legal status of bitcoin (and related crypto instruments) varies substantially from state to state and is still undefined or changing in many of them. Read here to learn where bitcoin mining can be legally done and what countries have made it unlawful! However, bitcoin is never legally acceptable as a substitute for a country's legal tender. Through north america and western europe, bitcoin is relatively accepted by legal. While bitcoin mining is a legal endeavor in most countries with russia being the main exception, it is still a relatively difficult operation to pursue. Although the uk has no specific cryptocurrency laws, cryptocurrencies are not considered legal tender, and exchanges have registration requirements. Many people are concerned about whether there is criminal liability for the use of bitcoins or other cryptocurrencies.
