Good news from Global Leader Summit.
Twenty nations: 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, ICOs unbanned
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
What will happen further this year?
Stay tuned
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