In essence, IPFS/Filecoin is legal.
IPFS, Chinese name for interstellar file system, is a new generation of distributed Internet underlying protocol. Just like we usually surf the Internet, HTTP will appear in front of the website. Maybe when we surf the Internet in the future, IPFS will appear in front of the website. Ipfs is legal in nature.
IPFS protocol is more secure than the HTTP protocol we are using now. As usual, we often receive all kinds of harassing calls, because the information was leaked when we registered online, which is the sense of insecurity of centralization.
Because IPFS is distributed accounting and distributed storage.
Like hackers stealing data. In IPFS, file storage is local storage; IPFS uses fragmentation technology, and files are fragmented and encrypted for storage. In this way, we can successfully protect our files from hackers.
Facts have proved that mining itself is legal as long as it is compliant and the procedures are complete. China previously banned foreign exchange trading, but not mining. By the end of last year, the ban had been lifted and the country was issuing its own sovereign currency, DCEP.
Therefore, there is no need to worry too much about this policy risk, just worry about whether the IPFS/ Ferrocoyne mining company you choose is legal.
Secondly, the Ministry of Industry and Information Technology and Shenzhen also organized an IPFS technical seminar in October 20 19 10. As far as IPFS/Filecoin Mining Company is concerned, it is legal in itself.