Cryptocurrency Legalities and Mining | Free online course | Alison
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Cryptocurrency: Legalities, Storing and Mining

Learn the legalities of cryptocurrencies, as well as how to store and mine them in this free online course.

Finance
Free Course
This free online course introduces you to the legal issues surrounding cryptocurrencies - both in the UK and around the world. The course also gives you an insight into how best to store digital currencies as well as how to go about getting involved with mining cryptocurrency and the anonymity that the technology behind it provides. As cryptocurrencies emerge into mainstream life this is important knowledge to have, so start your learning today.
  • Duration

    1.5-3 Hours
  • Assessment

    Yes
  • Certification

    Yes
  • Responsive

    Yes
  • Publisher

    CourseFlix

Description

Modules

Outcome

Certification

View course modules

Description

This course begins with a look at the legal situation of cryptocurrencies, both in the UK and around the world. You will learn how they are treated for tax purposes and how governments may begin to impose further regulations on their use as digital currencies become more widespread and mainstream. You will then learn about using and storing cryptocurrencies, from making payments to the basics of investing, looking at the various types of wallets to store your coins and exploring how to find a reputable exchange.

The course then moves on to discuss cryptocurrency mining. You will learn what mining is, how to go about getting involved and what computer hardware and software is required. Finally, the course dives into the anonymity of cryptocurrency. This is one of the biggest selling points of digital currencies to people who are worried about keeping themselves safe and secure online, and you will learn about the benefits and drawbacks, as well as looking at some currencies which were developed specifically with higher levels of anonymity in mind.

This course, which includes a number of optional activities to help further your studies and revision, will give you a strong understanding of the legalities of cryptocurrencies, as well as a base of knowledge on mining digital currencies and storing your coins securely. With cryptocurrency becoming ever more popular, understanding its complexities has never been more important, so don’t delay, start your learning journey today.

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Learning Outcomes

By the end of this course, you will be able to:


  • List information about current laws regarding currency in the UK
  • Describe the way the UK treats cryptocurrency for tax purposes
  • Discuss proposed and suggested regulations regarding cryptocurrency in the UK
  • Explain the purpose of various types of cryptocurrency
  • Detail how to best use cryptocurrency to make purchases
  • Discuss how to store your cryptocurrency
  • Explain what mining is and how it applies to cryptocurrency
  • List the type of equipment required to successfully mine cryptocurrency
  • Summarise other tips to help you successfully mine the cryptocurrency of your choice
  • Describe the benefits and drawbacks of anonymous transactions
  • List how to increase your anonymity when engaging in cryptocurrency transactions
  • Explain how to avoid hacks and other data breaches

Certification

All Alison courses are free to enrol, study and complete. To successfully complete this Certificate course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this Certificate course, you have the option to acquire an official Certificate, which is a great way to share your achievement with the world. Your Alison Certificate is:

Ideal for sharing with potential employers - include it in your CV, professional social media profiles and job applications
An indication of your commitment to continuously learn, upskill and achieve high results
An incentive for you to continue empowering yourself through lifelong learning

Alison offers 3 types of Certificates for completed Certificate courses:

Digital Certificate - a downloadable Certificate in PDF format, immediately available to you when you complete your purchase
Certificate - a physical version of your officially branded and security-marked Certificate, posted to you with FREE shipping
Framed Certificate - a physical version of your officially branded and security-marked Certificate in a stylish frame, posted to you with FREE shipping

All Certificates are available to purchase through the Alison Shop. For more information on purchasing Alison Certificates, please visit our FAQs. If you decide not to purchase your Alison Certificate, you can still demonstrate your achievement by sharing your Learner Record or Learner Achievement Verification, both of which are accessible from your Dashboard. For more details on our Certificate pricing, please visit our Pricing Page.

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