Topic: UPDATE! G20 CURRENT REGULATORY STATUS - page 3. (Read 415 times)

I am also not sure if its good..urgh!!
Im so stressed thingking what is the outcome after g20 meeting is done..

Not a bad list of updates, I know that most, if not all of that information is already known so status quo is maintained. What the G20 outcomes would really have impact if some of these countries changed their stances, or if any would form cooperative partnerships - that would affect the way cross-border commerce with crypto.

To me ICO prohibition means very little to Bitcoin itself, it's hardly even used by ICOs anyway. If anything, fewer ICOs should stunt the current proliferation of nonsense tokens... yes it would mean a halt to the global crypto market cap, but we all know it's been a rubbish metric anyway. Worst case scenario, it goes into negative growth, but bitcoin retains or even recovers some of its domination (again useless metric but psychologically positive).

News will flash today Monday and Tuesday for the finalization of regulation of crptocurrency. We hope after the meeting it turns for favor of the cryto world.pls all be patient for the meeting outcome

A P
Good news for BTC G20 Current Regulatory Status

#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