As cryptocurrency mining gains popularity across the globe, authorities are imposing rules in addition to laws. Since the beginning the year, there has been an increase in the controversy. The legislature and the entire government are arguing the issue of whether bitcoin mining and its use should be taxed or regulated or even legalized in recent times. These types of laws are becoming more looser as the market for cryptocurrency mining gets more competitive.

Prospective miners need to be aware that as the mining industry becomes more competitive, regulations will eventually follow. Local and state governments could decide to let Bitcoin mining or even use it in a more aggressive manner or to ban both completely. Although the law has been implicated in mining cryptos they have not yet confirmed the legitimacy of crypto mining.

Certain restrictions protect the interest of the government, whereas others safeguard consumers. Other restrictions protect the environmental. Many countries are trying on updating the laws that regulate crypto mining. However there are few countries similar to China.