Is Bitcoin Legal Is Bitcoin Safe Youtube Business payments in bitcoins: according to fincen, business accepting bitcoins in return for legal, well natured, and non hazardous goods is legal. however, any business accepting bitcoins as a form of payment is subject to tax. in this case, it is the same as accepting cash, gold, or any gift. bitcoins are treated as property rather than cash. Bitcoin is a decentralized digital currency that utilizes blockchain technology to enable secure and transparent transactions. the mining process rewards miners with newly minted coins and transaction fees, up to 21 million bitcoin in total. legal aspects of bitcoin vary greatly from jurisdiction to jurisdiction, while scalability issues are.
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