Actual situation of countries crypto business regulation
I extract this from a direction of a Telegram group, and I thought it was important information to share at this time of great discussion about the future of this new market.
If we analyze the positions have been positive in the sense of understanding and regulating, not banishing (although the two giants China and USA are still in bad mood about).
News for BTC G20 Current Regulation Status
USA 🇺🇸
- ICO Prohibited, Money Laundering & Illegal Act Regulations, Cryptographic Exchange Tradition License Scheme
European Union 🇪🇺
- Agreed to more stringent rules to prevent money laundering and terrorist financing in Bitcoin and other virtual currency exchanges
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
South Africa 🇿🇦
- No government regulation
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://bitcointalk.org/index.php?topic=3108598.msg32270766