Updates from the current G20 summit for BITCOIN

in #bitcoin7 years ago

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

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For future viewers: price of bitcoin at the moment of posting is 7624.70USD

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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