Post
Topic
Board Economics
G20 should end Positive For Crypto
by
Mpamaegbu
on 19/03/2018, 08:13:16 UTC
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