Legality of bitcoin by country or territory

There is so much that has changed in the world and technology is a major contributor. The world, as we know, has really changed and most activities are now digitized. You may have come across digital currencies and may be wondering how to invest in such trade. Cryptocurrency is no longer a foreign term as it seems to be taking over the financial markets.

Thanks to the fact that cryptocurrencies hold many advantages over regular payment methods, their popularity is rising each day. Studies show that there are as many as 7 million crypto users around the world. Even though governments do not have specific regulations concerning cryptocurrencies, people are more than open to trading with them.

Economic activities take place in multiple countries that are interconnected worldwide. This is what is referred to as global economy.

The price of bitcoin has nosedived after fresh reports emerged that China has expanded its crackdown on the mining of cryptocurrencies.

Right from the dawn of time, there has almost never been a more volatile system than the operations of cryptocurrency. After being launched in 2009 officially, the world of cryptocurrency has been gliding up and down the charts of prices. At one point or the other, control of these fluctuations has been the dream of every investor or at least crossed their mind.

If you just got into Bitcoin, then you must be wondering what's happening. If you did your research, you probably already know how volatile this currency is; however, you probably had no idea that it would be so erratic. Just in a couple of days, Bitcoin fell from around a $50,000 high to around $32000, more than a 30% decrease.

Currently, there are more than a thousand cryptocurrencies out there, but none as popular as Bitcoin. It's taken the world by storm, causing more and more investors to jump in on the action daily. Some have been tracking the digital currency since it made news about a decade ago. They had to rely on their knowledge of fintech systems in order to navigate the volatile world of Bitcoin.

Mining operator cryptocurrency such as Huobi Mall and BTC.TOP suspended operations in China. This stoppage comes after Beijing will crack down on mining and trade Bitcoin.

This action made the digital currency plummet. The State Council Committee headed by Deputy Prime Minister Liu He announced a crackdown on Friday evening.

The Turkish Central Bank will ban the use of crypto assets in payments as they entail significant risks for the parties to the transactions.

Almost everybody with internet access knows about Bitcoin. And, there's never a shortage of opportunities to invest in Bitcoin. Even mainstream media always has a story that somehow relates to Bitcoin. Essentially, this cryptocurrency is ever-present in the lives of most people. Since its emergence, Bitcoin has never ceased to fascinate investors and people in general.