FAQs

FUD FAQs for Bitcoin. Fear, Uncertainty, and Doubt and Frequently Asked Questions for Bitcoin. This FAQ is designed to provide simple understandable and accurate answers to frequently asked questions and to assist Bitcoin supporters in defending Bitcoin against FUD attacks. This service is intended to be community-driven. If you have new questions or better answers please post them in the comments.

Why is China opposed to Bitcoin?

China is opposed to Bitcoin because its independence competes with their State controlled cryptocurrency, the Digital Yuan.

Is Bitcoin used by criminals?

Only 0.34% of all Bitcoin transactions in 2020 involved criminal activity – down from 2.1% in 2019. This data was derived from a detailed analysis of the Bitcoin blockchain, one of the huge benefits of Bitcoin’s immutable ledger and transaction transparency. Source: Chainalysis

Is Bitcoin legal?

Yes, Bitcoin is legal in nearly all countries. Source: Investopedia

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