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
#France
- warnings about regulatory readiness (not disclosed in detail), 'risk of speculation and manipulation’
#Italy
- Some central banks consider issuing cryptocurrencies
#Canada
#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
#Russia
- Cryptocurrencies regulation legislation, ICO prohibition, while allowing legislation, can run a legitimate exchange
#Mexico
#Indonesia
- No government regulation, prohibited from banks
#Turkey
#Saudi Arabia
- Some regulations will be introduced but not prohibited
#Argentina
#Republic of South Africa
#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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