The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

According to the central bank's definition in 2013, Bitcoin is a specific virtual commodity. The original words are: "Although Bitcoin is called a "currency", because it is not issued by a monetary authority and does not have monetary attributes such as legality and compulsory, it is not a currency in the true sense. So is Bitcoin mining legal? Is there a bubble in Bitcoin mining? Bitcoin has become a hot topic in the investment market. Many people want to know whether Bitcoin mining is legal? Regarding this issue, the European Union has long stood up and stated that Bitcoin mining is completely legal. Legally, according to Mariya Gabriel, the European Commissioner for Digital Economy and Society, the European Commission has confirmed that it is paying attention to related issues caused by the increase in electricity consumption caused by cryptocurrency mining.

According to a notice on the European Parliament's official website, Gabriel responded to the question submitted to the Parliament.

Electricity consumption is growing

Gabriel pointed out that the European Commission on Digital Economy and Society has realized the concerns that the increasing power consumption of cryptocurrency and blockchain technology as a whole brings to social development.

This issue is particularly important in Bitcoin mining, where mining activity is concentrated in China. Although two-thirds of mining activity takes place in China, according to some predictions, mining activity has increased in other regions.

The statement noted that there is currently no legal basis to ban or limit energy consumption across the EU. But given that electricity consumption is an economic activity, it is subject to EU regulations that apply to energy efficiency, the electricity sector and greenhouse gas emissions. The EU emissions trading system covers greenhouse gas emissions from the power sector.

The statement noted that cryptocurrency mining can bring high valuations to cryptocurrencies. Rising electricity consumption and costs may increase the value of cryptocurrencies and slow growing market demand.

Mining is legal

The committee has not taken any steps to track cryptocurrency mining activity because it is not illegal. However, the committee will review the impact of this activity on energy demand.

Gabriel’s statement further noted that it is critical that many of the promising applications of blockchain technology do not have huge demands on electricity.

In January this year, Christine Lagarde, president of the International Monetary Fund (IMF), stated at the World Economic Forum that Bitcoin mining consumes too much energy. Many analysts and environmentalists have sounded the alarm about the industry's electricity use. He also said that considering that the world is grappling with climate change, Bitcoin mining has actually become a
Big problem.

Explore blockchain technology

The European Commission last year announced plans to establish an EU Blockchain Observatory in response to the European Parliament’s vision to strengthen technical expertise and regulatory capabilities. The project will include an observatory and a forum to collect relevant data on distributed ledger technology and blockchain technology. Its goal is to build knowledge resources for forward-looking blockchain topics and develop EU-wide use cases.

Is Bitcoin mining legal? The above content fully proves that Bitcoin mining is legal. In addition, Europe will also assist the European Community (EC) to determine the role of government departments in encouraging such innovative technologies. and the formulation of relevant policies.

Since Bitcoin was born with the Internet, it is like the online game equipment we play. Since it is recognized by most people around the world, people will naturally spend money to buy it. Therefore, the country is more concerned with regulating it to prevent some People with ulterior motives create hype. Moreover, because China has the highest proportion of computing power in the world, 75% of the world’s Bitcoins come from our country. However, since mining will incur high electricity bills, I personally suggest that if you want to enter, it is better to choose an excellent company. Mining in a mining factory will be a lot safer.