NEWS BITCOIN - Can ACTUS Stop Financial Crises with Blockchain Data Standards?Confusion is becoming increasingly acute in the digital currency industry as new regulations hit the ecosystem, creating more chaos. As a result, high compliance costs, added financial risks, and overall inefficiencies abound.
Around the world, there is regulatory mayhem. A few countries have tried to harness Bitcoin into their regulatory frameworks, while others have sat idle.
Japan has recognized digital currencies as money, for example, while Ecuador has banned Bitcoin outright and opted to create its own digital currency. In the middle of these extremes are countries like Brazil, Chile, Cyprus, Greece, Estonia and Israel, who have not yet issued specific legislation on Bitcoin.
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