Updates from the current G20 summit for BITCOIN
Good news for BTC G20 Current Regulatory 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
For future viewers: price of bitcoin at the moment of posting is 7624.70USD
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Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
I think that btc is going up soon, also I've just moved half of my portfolio in Cardano because of the nice updates that are coming and the cheap price that BTC put it just not haha