BTC G20 Current Regulatory Status

in #btc7 years ago

download.jpgGood news for BTC G20 Current Regulatory Status

#USA

  • ICO Prohibited, Money Laundering & Illegal Act Regulations, Cryptographic Exchange Tradition License Scheme

#Japan

  • taxation, payment instrument recognition

#Germany

  • It is a legitimate financial instrument and may be taxable, but requires additional licenses and permits.

#England

  • No government regulation

#France

  • warnings about regulatory readiness (not disclosed in detail), 'risk of speculation and manipulation’

#Italy

  • Some central banks consider issuing cryptocurrencies

#Canada

  • Taxation

#China

  • Coin trading prohibited, ICO prohibited

#India

  • Not accepted as a means of payment, regulation of money laundering and illegal activities

#Brazil

  • Financial assets not recognized, direct investment prohibited

#South Korea

  • No anonymous account transactions (real name system), tax preparation in progress

#Australia

  • No government regulation

#Russia

  • Cryptocurrencies regulation legislation, ICO prohibition, while allowing legislation, can run a legitimate exchange

#Mexico

  • Preparing taxation

#Indonesia

  • No government regulation, prohibited from banks

#Turkey

  • No government regulation

#Saudi Arabia

  • Some regulations will be introduced but not prohibited

#Argentina

  • No government regulation

#Republic of South Africa

  • No government regulation

#European Union

  • Agreed to more stringent rules to prevent money laundering and terrorist financing in Bitcoin and other virtual currency exchanges

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