In this article we will see what is legal or not in the middle of the cryptos-currencies.
Many people question and wonder if it is legal to have a computer at either that is doing the mining of cryptos-currencies or other, we will see this.
Sometimes we can see that Bitcoin is banned but without digging deeper the subject concerning France.
The legality of the mining of cryptos-currencies in France
- In France it is legal to have “computers” in your home that perform the mining of cryptos-currencies.
- However, if you have a large illogical electricity bill, the authorities (= Police, gendarme) may wonder if you are not doing something illegal (such as growing cannabis).
- It is legal to have 1 or more “Computers”, you can use them to undermine cryptos-currencies and you will have no worries if you pay your electricity in a normal way to your electrical supplier.
- It is also legal to buy or sell Cryptos-currencies in France.
- For the Bank of France, Bitcoin is not recognized as currency.
- To ban Bitcoin (and cryptos-currencies), the authorities should ban the Internet, impossible thing.
On the other hand the French state can regulate other things related to cryptos-currencies such as defining a tax when selling your cryptos-currencies, blocking advertisements, blocking (or regulating) ICO’s, imposing regulations on Trading platforms etc
-In any case, as soon as you collect money, you sell something, no matter the estate, you have to pay a tax to the state.
This applies to France, there are countries where it is forbidden to undermine cryptos-currencies.
There are countries where there is no tax on crypt-currencies such as Belgium at the moment.
On the images below we can observe a list of countries concerning the current regulations:
Regulation of Cryptos-currencies in England, France, Germany, Russia:
Regulation of Cryptos-Currencies in Africa:
Regulation of Cryptos-Currencies in America:
Regulation of crypts-Currencies in Asia:
If you have any questions, if you think it is missing something important to add or correct do not hesitate to write a comment.