With the G20 economic summit underway today and tomorrow in Argentina, many are likely to conclude with the smuggled out snippet below that the meeting will end in favour of the crypto community. Foretelling the outcome, Bitcoin has dramatically bounced back to $8300+ this morning after its below $7,500 low last night. May be you will agree ir disagree with the positions below.
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
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