Good news from Global Leader Summit.
Twenty nations: Current Regulatory Status
- ICO Prohibited, Money Laundering & Illegal Act Regulations, Cryptographic Exchange Tradition License Scheme
- taxation, payment instrument recognition
- It is a legitimate financial instrument and may be taxable, but requires additional licenses and permits.
- No government regulation
- warnings about regulatory readiness (not disclosed in detail), 'risk of speculation and manipulation’
- Some central banks consider issuing cryptocurrencies
- Taxation
- Coin trading prohibited, ICO prohibited
- Not accepted as a means of payment, regulation of money laundering and illegal activities
- Financial assets not recognized, direct investment prohibited
#South Korea
- No anonymous account transactions (real name system), tax preparation in progress, ICOs unbanned
- No government regulation
- Cryptocurrencies regulation legislation, ICO prohibition, while allowing legislation, can run a legitimate exchange
- Preparing taxation
- No government regulation, prohibited from banks
- No government regulation
#Saudi Arabia
- Some regulations will be introduced but not prohibited
- 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
What will happen further this year?
Stay tuned
Twitter @RallyQT