It is not necessarily true that Bitcoin mining is illegal, even though many people believe it to be. It's not a counterfeit copy of a national currency, but rather a completely new currency. It is viewed by some governments as a threat to national currencies or an attempt to undermine their own government, so they prohibit it. However, this isn't true everywhere. Mining Bitcoin is legal in most countries. Consult a local lawyer or legal advisor if you are concerned about the legality of your activities.

Bitcoin mining is considered a gambling activity in some jurisdictions, but there is no law prohibiting it. There are many countries in the world where bitcoin mining is legal, so you'll be safe. However, this activity is still illegal in some countries. Bitcoin is even illegal in some countries, but not in others. Cryptocurrency mining is legal in Western Europe and North America. Local regulatory frameworks have been set up in these countries to oversee and protect this activity.

Bitcoin mining is legal in most countries, but regulations vary by jurisdiction. It involves using powerful computers to validate transactions and secure the blockchain, earning miners new Bitcoin as a reward. However, some governments restrict or ban mining due to its high energy consumption, environmental concerns, or financial regulations.

For example, China banned Bitcoin mining in 2021 due to energy shortages, while countries like the U.S. and Canada allow it with certain restrictions. In some places, mining is legal only if it complies with electricity and tax laws. Additionally, using stolen electricity or operating without proper licenses can lead to legal consequences.

Before mining Bitcoin, individuals should check local laws to ensure compliance. While not inherently illegal, mining may face restrictions depending on regional policies.