How Much Longer Can Bitcoin Mining Last? (Is Selling Bitcoin Illegal in China?)
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Simone
How many more years can bitcoin be mined? Is selling bitcoin illegal in China?
2023-06-03 03:05
Answer list:：
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Frederica
Bitcoin can be mined for approximately another 120 years until all 21 million Bitcoins have been mined. As for China, it is not illegal to sell Bitcoin, but there are regulations in place that restrict certain activities related to cryptocurrency, such as initial coin offerings (ICOs) and exchanges operating without proper licensing. It is important to consult with local authorities and seek legal advice before engaging in any cryptocurrency-related activities in China.
Release time 2023 06 03
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Guardian
Release time 2023 06 03
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Prudent
How long can Bitcoin be mined for?
Bitcoin mining is set to continue until the maximum supply of 21 million Bitcoins is reached. As of May 2021, approximately 18.7 million Bitcoins have been mined, leaving only 2.3 million more to be mined. At the current rate of mining, it is estimated that the last Bitcoin will be mined around the year 2140.
Is it illegal to sell Bitcoin in China?
In September 2017, the Chinese government banned initial coin offerings (ICOs) and cryptocurrency trading on exchanges. While it is still technically possible to hold and trade Bitcoin in China, the government has cracked down on cryptocurrency-related activities. Therefore, it is advisable to consult a legal professional before engaging in any cryptocurrency-related activities in China.
Release time 2023 06 03