Countries and their regulators | Bitcointalksearch.org

Jaybitcoin2018

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Quote from: Luis34 on April 17, 2018, 01:31:28 PM

Good afternoon, does anyone have a table for each country with their crypto-coins regulators? Like for example:
Brazil: CVM - Brazilian Securities Commission
United States: SEC - United States Securities and Exchange Commission
...

So that news of regulations can be tracked directly from regulators.

Now i know, i could say thank you for sharing that very important information that there are few countries who have already conducting a regulation through regulating cryptocoins. Which i have known before that there will be no agency who have monitor in acceptance of coin which the only thing will government refuses to accept bitcoin in dealing with the regulation.

posi

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I don't know why you guys open this thread after the OP have found what he/she looking for which was the cause of the creation of this thread. I will advice the OP to lock this thread to avoid spamming the forum.

Reagan_alvaro

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I do not know, can you tell me?

Cynooza

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The main issue for all countries with regulatory intentions is implementation of these regulations. You can restrict official purchases of cryptocurrency in fiat money and ban websites of online exchanges, but people will still use such services as localbitcoins and access exchanges via VPN. The same way the war on drugs doesn't work, the war on crypto also won't.

dominional

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Countries and their regulators. Country with hard regulation about bitcoin I think they are not doing their country any good because bitcoin is solving financial problem in their citizen life, therefore the regulation must affect people positively

Chint_82

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I am from Indonesia, is there a regulator I myself do not know, because my level of knowledge is still a little on this matter, hope I hope in every country has a regulator like that in brazil, america and other countries who already have

tinystone26

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Those countries that are give the regulations about crytos are allowing some crypro's. But some people are not believe he it works in the investments like other people experience in their investments but I ensure that they are wrong about it they just pick a wrong crypto that they invested since they started their first crypto.

DMCR lah

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Most of these countries believe that activities performed with cryptocurrency can not be adequately monitored without tax evasion. Until adequate steps and regulations are put in place to control this anomaly before cryptocurrency begins to be a welcome idea.

IgniHash

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Quote from: btc_angela on April 18, 2018, 10:53:08 AM

Quote from: Luis34 on April 17, 2018, 01:31:28 PM

Good afternoon, does anyone have a table for each country with their crypto-coins regulators? Like for example:
Brazil: CVM - Brazilian Securities Commission
United States: SEC - United States Securities and Exchange Commission
...

So that news of regulations can be tracked directly from regulators.

I think this one is a good thing to start:

https://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country

Notably for US: Securities & Exchange Commission (SEC)
Commodity Futures Trading Commission (CFTC)

Japan: Financial Services Agency
Securities and Exchange Surveillance Commission (SESC)

South Korea: Korea, South:
Financial Services Commission (FSC)
Financial Supervisory Service (FSS)

Well, this is what I need. I just curious about my own country on the Cryptocurrency regulation.
Actually, I've seen good infographics about this case in Telegram group chat. But unfortunately, I forgot to saved it. And now it's difficult to find that image again.

ogini

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Yes the Securities and Exchange Commission are here in my country but they have not set up a string regulations concerning cryptosystem but they are only warning investors to stay away from bitcoin they still call it illegal business.

jaysabi

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Quote from: fanhuaijiao713 on April 18, 2018, 10:19:30 AM

This year encrypting digital currency will face more stringent, more intense regulation situation!

Us, Japan, South Korea, eu policy will affect the price of digital cryptographic currency!

In the long run, regulation is conducive to the healthy development of the market!

Essentially, this is correct. Stability and predictability lead to economic growth. People want to slam governments like they want to control Bitcoin or want to outlaw it because they "hate it" or some other superficial and not insightful commentary they're haphazardly throwing at the government. In most cases, it doesn't make sense. In the US, for example, the government doesn't want to ban or outlaw crypto. They do want it to be safe for investors though and to be able to punish scammers and fraudulent actors. Because when investors are safe and there's less fraud, there's more financial innovation which is good for the economy and good for the country as a whole. The government doesn't want to ban anything that is going to contribute to economic prosperity, but everyone assumes (without any basis) that the government wants to stop bitcoin. This speaks more to their own anti-government biases than offering anything insightful about the state of crypto.

karnwillbit

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Quote from: fanhuaijiao713 on April 18, 2018, 10:19:30 AM

This year encrypting digital currency will face more stringent, more intense regulation situation!

Us, Japan, South Korea, eu policy will affect the price of digital cryptographic currency!

In the long run, regulation is conducive to the healthy development of the market!

These countries are doing well for their bitcoins and other crypt currencies. Why we people are so negative about them. Although china have some reservations with this coin but other countries are going so humble with this tremendous coins. Still, if these countries want to tighten some rules against bitcoins, so I think let them do as they have right to do so and we believe they will not be hurting bitcoins.

nebuch

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Basically regulation is implemented when the craziness increase inside the area. The main purpose is to turn back everything to its normal position. In fact regulation can help every citizens to have much better life without going above it. I assumed that those country's who implemented regulations already can have a serious bad condition towards crypto members. Sometimes by implementing regulation money is evolve. Money plays important role in terms of law.

johnalyn

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Activity: 314

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When I started to join here in this forum many countries ban this bitcoin but my country dont make a move in that kind of work that's why I'm using this currency. And I think the regulation's here in my country does not not yet been made because of some issue about it like the 900m scam here in the Philippines. They just hold the prisoners and not the coins you know I mean the bitcoin if they will ban but I think they will not do it. Because they see how bitcoin work in the economy and community in the coming years.

Rossy Akbar

full member

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Well, I think it's quite impossible for bitcoin to get regulation in any single country because it's kinda crypto currencies. It was lucky for my and any others bitcoiners in my country because bitcoin is still exist here and not ban from the government.

hondapond

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The countries with the strictest regulations will be shooting themselves in the foot and it will only hurt their economy. countries with good crypto laws will have a thriving economy.

Sidiq SP

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I think that not all countries have such a thing yet, the possibility of tracking with the regulator on the coin can be found for the state that has legalized this bitcoin, so the state participates in the development and facilitates its people in it, for a country that has not yet obtained legality, I think it can not happen, it's just based on my insight, hopefully give benefit, thank you

malikusama

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Being in underdeveloped country i haven't seen any separate authority to handle the regulation matters related to cryptocurrencies.
But for the time being our Revenue departments and Investigation authorities known as FBR and FIA are handling this matter quite well, they are working to get a better result/solution for the legalization and regulation of cryptos.

btc_angela

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Quote from: Luis34 on April 17, 2018, 01:31:28 PM

Good afternoon, does anyone have a table for each country with their crypto-coins regulators? Like for example:
Brazil: CVM - Brazilian Securities Commission
United States: SEC - United States Securities and Exchange Commission
...

So that news of regulations can be tracked directly from regulators.

I think this one is a good thing to start:

https://en.wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country

Notably for US: Securities & Exchange Commission (SEC)
Commodity Futures Trading Commission (CFTC)

Japan: Financial Services Agency
Securities and Exchange Surveillance Commission (SESC)

South Korea: Korea, South:
Financial Services Commission (FSC)
Financial Supervisory Service (FSS)

fanhuaijiao713

newbie

Activity: 94

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This year encrypting digital currency will face more stringent, more intense regulation situation!

Us, Japan, South Korea, eu policy will affect the price of digital cryptographic currency!

In the long run, regulation is conducive to the healthy development of the market!

carlisle1

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Quote from: Luis34 on April 17, 2018, 01:31:28 PM

Good afternoon, does anyone have a table for each country with their crypto-coins regulators? Like for example:
Brazil: CVM - Brazilian Securities Commission
United States: SEC - United States Securities and Exchange Commission
...

So that news of regulations can be tracked directly from regulators.

what is your reason asking this?why not be contented on your own country's regulations?other countries regulations has nothing to do with you..but its ok as i know many country's now are just starting to create theyre own regulations..

aso118

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Quote from: Simon Eaton on April 17, 2018, 02:38:00 PM

in America specifically its a right mess

SEC class crypto as a security
FinCen class crypto as a currency
CFTC (commodity futures trading commission) class it as a commodity
IRS class it as a property

Some of these can overlap yes, but not all

The CFTC regulates all futures and derivative contracts, not just commodity ones. For example, even interest rate futures are regulated by the CFTC. So the reason that Bitcoin futures were regulated by the CFTC is because they were derivative contracts, not because the underlying asset was Bitcoin.

jaysabi

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Quote from: Simon Eaton on April 17, 2018, 02:38:00 PM

in America specifically its a right mess

SEC class crypto as a security
FinCen class crypto as a currency
CFTC (commodity futures trading commission) class it as a commodity
IRS class it as a property

Some of these can overlap yes, but not all

The SEC has not classified crypto as a security, it has only said that in certain cases, the way a crypto asset is distributed may implicate securities laws (mainly, for ICOs). The CFTC considers digital currencies as commodities under the Commodity Exchange Act, and has jurisdiction when it is used in a derivatives contract or when there is fraud in interstate commerce. The IRS classifies Bitcoin as property, but you may owe capital gains taxes as well as income taxes on taxable events.

More importantly, these definitions are not mutually exclusive, so just because one regulator claims jurisdiction over one aspect of crypto doesn't mean that it makes no sense for others to as well. It's not really all that complicated. Most of the things average people will do with Bitcoin won't involve any regulatory agency other than the IRS. You're likely not trading derivatives, not selling ICO securities, and probably shouldn't be doing anything that involves FinCEN. It's not as bad as you made it sound.

BitHodler

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Quote from: Simon Eaton on April 17, 2018, 02:38:00 PM

in America specifically its a right mess

SEC class crypto as a security
FinCen class crypto as a currency
CFTC (commodity futures trading commission) class it as a commodity
IRS class it as a property

Some of these can overlap yes, but not all

There is a difference between crypto currencies and tokens. Tokens quite often are considered to be and fit in the securities category, while actual crypto currencies themselves aren't.

It's a difference making sure that exchanges heading over to the SEC applying for a license, will have to not only apply for one license, but several in order to be fully compliant. It's a mess, but these are the rules.

Exchanges have to adapt in order to operate legally. All exchanges not doing so will experience the negative consequences of ignoring regulations. People should research how compliant their exchange is.

This market is no longer the free and 'fun' kindergarten it once was.

tadex01

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Most countries that are against the cryptocurrencies and it adoption are doing so because of tax evasion. Most of these countries believe that activities done with cryptocurrencies cannot be adequately monitored without evading tax. Until adequate measures and regulations are put in place to control these anomalies before cryptocurrencies begin to become a welcome ideas.

Simon Eaton

newbie

Activity: 56

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in America specifically its a right mess

SEC class crypto as a security
FinCen class crypto as a currency
CFTC (commodity futures trading commission) class it as a commodity
IRS class it as a property

Some of these can overlap yes, but not all

Lagrood

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I have not seen such a list yet. Crypto is a new technology and asset so not all countries regulate it.

Luis34

member

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Good afternoon, does anyone have a table for each country with their crypto-coins regulators? Like for example:
Brazil: CVM - Brazilian Securities Commission
United States: SEC - United States Securities and Exchange Commission
...

So that news of regulations can be tracked directly from regulators.

Topic: Countries and their regulators (Read 242 times)