Re: Bank asking to provide additional details regarding my activity
Sorry for not mentioning, the country I am in crypto is completely legal.
I am in the EU
So you are completely fine but one thing you need to be aware of tax reports to your government related to crypto earnings and might not be serious offence if not paid the tax as well,you might be ended up paying with penalty.I am in the EU
see below image to know what zone you are in,
Dude, thank you for posting that map--the information contained therein was not something I was familiar with, and I honestly didn't think there were that many countries that had outlawed bitcoin or restricted it. Very, very interesting and I thought Russia had banned bitcoin for some reason.
AFAIK,usage of bitcoin is legal yet in Russia but their finance ministry opposing it and might a strict guidelines to use crypto in Russia in near future.
Quote from: https://www.investopedia.com/news/russia-criminalize-bitcoin-use-money-substitute-putin-roll-out-laws/
Russian president Vladimir Putin is a bitcoin skeptic who wants cryptocurrency regulations in place by July 1," according to the official government publication Parlamentskaya Gazeta.
The regulations are part of the Digital Assets Regulation Bill, which is expected to set guidelines for cryptocurrency use in Russia.
Separately, the Russian Ministry of Finance plans to introduce a law that will criminalize the use of cryptocurrencies as money substitutes.
Elvira Nabiullina, head of the Bank of Russia, said she and the Russian Finance Ministry oppose the use of virtual currencies "as private money and money surrogates, saying only the ruble can be used to pay for goods and services, Bitcoin.com reported. "There is the ruble, and everything else is a surrogate," she said.
Nabiullina said the move to criminalize the use of bitcoin and other digital currencies as money substitutes is to protect the Russian ruble. "This is necessary to protect the ruble as the single legal [means of] payment in Russia," she said.
The regulations are part of the Digital Assets Regulation Bill, which is expected to set guidelines for cryptocurrency use in Russia.
Separately, the Russian Ministry of Finance plans to introduce a law that will criminalize the use of cryptocurrencies as money substitutes.
Elvira Nabiullina, head of the Bank of Russia, said she and the Russian Finance Ministry oppose the use of virtual currencies "as private money and money surrogates, saying only the ruble can be used to pay for goods and services, Bitcoin.com reported. "There is the ruble, and everything else is a surrogate," she said.
Nabiullina said the move to criminalize the use of bitcoin and other digital currencies as money substitutes is to protect the Russian ruble. "This is necessary to protect the ruble as the single legal [means of] payment in Russia," she said.