When bitcoin was created in 2009, it was supposed to act as a peer-to-peer cash system, but it has taken on a different form. To earn bitcoin, a person has to act as a miner, which involves them using their computer’s energy to maintain the blockchain. Bitcoin would therefore act as the reward for this computing power. As more people started to be interested in bitcoin’s operation, they started to trade it like a financial asset, for example, a stock.
This is when bitcoin really became a phenomenon, and it is now among the top google searches worldwide. For more information on how the bitcoin has emerged, we advise you to take a look at how Investoo explains the history of bitcoin in their infographic. The authorities are also divided on their perception of bitcoin, with some embracing its applications, many still sceptical and a small portion who want nothing to do about it. In fact, these may be the ideal classifications through which to study bitcoin’s legal status.
https://themerkle.com/bitcoins-legal-status-worldwide/
Topic: [2017-06-25] Bitcoin’s Legal Status Around the World (Read 2576 times)
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