Topic: What Is Your country Saying About Cryptos? (Read 266 times)

Nigeria -  no government regulation, the political will to regulate is not there, but crypto trading volume being one of the highest in Africa is forcing government to consider their stance. What we have in place currently is occasional warning by the central bank to inform people who may want to invest of the risks inherent. punchng.com/senate-warns-nigerians-against-investment-in-bitcoins/
https://www.vanguardngr.com/2018/03/truth-bitcoin-nigeria/

This is a nice thread and I wonder why many people have not commented on this thread, Well my country and cryptos currently there is no regulation  about cryptos in my country in fact not many people, even governments of my county know nothing much about cryptos.

amazing job

Chile: not had regulation about crypto yet , in August the SII will pronounce on how people and companies must act to pay taxes about crypto

In my country they say nothing, it's just lying to drink and steal. Because I live in Russia, and here cryptocurrency, too, is used in illegal means and for purchases sales drugs. Therefore, the attitude of Russia to the crypt is very suspended.

Thanks. You should add it in the OP so everyone can see it.

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What country is it? You should add it for us to know.

I am a rebit.ph user here. Yes it is existing and working 100%. I did some withdrawal there last week ago.
I just want to correct the spelling of the domain. Its rebit.ph (https://rebit.ph/) not rebbit.ph

In my country there is neither ban nor regulations by the federal government. Many people in my country are into business of cryptocurrency most specially bitcoin and ethereum and there is no government disturbance about the people involved.

Sure this is one of the links https://bitcoinmagazine.com/articles/cryptocurrency-regulation-2018-where-world-stands-right-now/
Also it is a collective search on different countries.
Thanks for seeking clarification

In my country, bitcoin is support by the banks. They not banned it. Because they think it will have a benefit and advantages unlike the others country who banned and prohibited the bitcoin by the government it is trully more fun in my country, it is like it's a free country you can do what ypu want. But they control it and they secure the cycle of the coins the country

Yes, my country also issued a policy to ban crypto transaction as a tool but there is still the bright side which still can and is allowed to invest on crypto.

it is truly more fun in the philippines, because bitcoin is supported by central bank of the philippines, and as of now no tax on bitcoin, more people are engaging themselves on bitcoin and help them alot but some are afraid to give it a try because there are some news says that bitcoin will just consune time and money.

Crypto currency in the philippines is now becoming a trend so the government are making ways to regulate it now also for Initial Coin Offerings. I must say it's good for us crypto enthusiasts to protect us form scams. The way philippines are adapting to this technology is good.

in my country, it's still hasn't say a word about cryptos,
they only said that the only currency allow in this country is only with IDR,
but they didn't mention anything about cryptos.

Well, no regulatories in our country, law is still on progress for cryptocurrency if they are going to legalize it and implement rules while waiting for about investing and joining.

It good for now, I'm gonna have to think twice about the government soon if Digong finally breaks the silence and wants to take a bite of the pie to grab more tax to pay for his soldiers. As for now they traders in the Philippines are going to enjoy this but once the government takes the data of the large exchange like coins.ph, its going to be a horrible experience.

just BAN BAN BAN, here in China 

also we don't trust most of the ICO projects launched in China ...

This is an interesting thread but I want to see where you get these data. Can you link to some sort of article or to person saying that. Base on how you phrase your words, you haven't confirmed this whether it is right or wrong. Though overall it is an interesting post.

My country never supported and believed in Cryptocurrency. They think this is a scam or Multi Level Marketing .... TV programs and newspapers always say Cryptocurrency is a scam, very bad and dangerous. Fortunately, the government has no official bans on bitcoins. Most of the people in my country have no knowledge of Cryptocurrency, they do not know that in the future the Crypto market will flourish and spread around the world.

my own country has not been legalized about bitcoin, BI (Central Bank of Indonesia) forbids transactions using bitcoin, and they do not want to be responsible if the user get in trouble,

As far as i know, the central bank of Thailand has made some cooperation with cryptocurrency foundation. I have heard about ripple already made a relationship with the thailand central bank and I was seeing OMG made a relationship with one of the banks in Thailand too. Looks like thailand will become cryptocurrency friendly country in the SEA.

The government of My country never support crypto and they always saying that crypto currency are dangerous, anyone who invests in crypto will lose their money. They never thinking that crypto currency especially bitcoin very helpful for bitcoin users in my country to improve our life.

My country INDIA is also not positive about Crypto. So in India, investment in crypto is ban. This is due to our government have no rules to handle crypto and better knowledge and technology to comply with block-chain technology.

It is good that BTC is supported by the government.
Differently, In my country, BTC is not supported or even it is not allowed and it will be banned by the government. The government will not allowed btc used for the transaction or others.

Yes absolutely!
But one question, is rebbit.ph still existing? My friend once told me before that, he thinks, no one are still using rebbit.ph. That's what he told me. I just don't know if it's true or not.
I just hope Philippine Central Bank and government won't change their mind about their perception on cryptos.  

#Ghana
- No government regulation

Most people have not even heard of the word bitcoin. So government cannot regulate what only few people are interested. maybe in the future they will regulate it.

good country 
Indonesia doesn't support it, even our exchange bitcoin.co.id must rename to indodax bcoz finance authority afraid people think bitcoin is legal (bcoz that co.id).
but i sure our banks will learn about blockchain

#Philippines

- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank), You can easily convert your bitcoin into fiat (PHP) by using local exchanges approved by BSP (Coins.ph and rebbit.ph), BTC to Fiat (PHP) conversion is regulated by BSP to follow AMLA (Anti Money Laundering Act), Bitcoin ATM's on Makati City, There is no ICO Regulation yet, No Tax on Bitcoin to Fiat (PHP) conversion.

Its more fun in the Philippines  

Well compiled list, gotta say my country is #1 on that list we stand out in so many ways it is shocking .

Every day we read about US,China, Korea,Japan; their stand on cryptos and anytime the news seems bad it will create FUD which will lead to market crash.

But I believe US,China, Korea,Japan are not the only countries in the world. So today I want the community members to state their countries stand as regards to cryptos

Below are few countries stands as regarding to cryptos. you can correct me if I am wrong.

Please Add your own country stand.

Maybe If we spread some good news about countries that support cryptos we might see bullish market again.

#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

#Philippines

- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank), You can easily convert your bitcoin into fiat (PHP) by using local exchanges approved by BSP (Coins.ph and rebbit.ph), BTC to Fiat (PHP) conversion is regulated by BSP to follow AMLA (Anti Money Laundering Act), Bitcoin ATM's on Makati City, There is no ICO Regulation yet. (supplied By BTT user: rommelzkie)