Cryptocurrencies Current Regulatory status

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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