In most of the Western world, it is assumed that Cryptojacking is a crime or at least it is looked down upon. However, recent news coming from Japan indicates that it might not be so after all. Cryptojacking is spreading at a rapid pace. More and more hackers are opting for programs which borrow the computing power from the devices of the users. The computing power is then utilized for mining cryptocurrency. The most popular cryptocurrency for Cryptojacking is Monero (XMR). While it was widely believed that when these hackers are caught, there will be repercussions, but the news coming from Japan states otherwise.
Is Cryptojacking legal in some parts of the world?
What are the ramifications of this news?
Can there be a cryptojacking safe haven?
Another problem which might crop up is there might be certain Cryptojacking safe havens which will increase the spread of cryptocurrency. If that happens, more and more users will get impacted by Cryptojacking software. In such a case, these users or other hackers will operate with impunity. They will have no fear of the law, and they will try to affect as many machines as possible. Soon, there might be some countries which might not consider Cryptojacking as a crime and might turn a blind eye towards it. For the cryptocurrency world, this might have large-scale implications in the future.
While Cryptojacking might not be legal in some parts of the world but sure enough, it is not considered as such a large crime either. The instance of Japan where the cryptojacker was allowed to walk free clearly indicates that there might be some parts of the world which make it relatively easy for the hackers to run Cryptojacking operations.