G20 SUMMIT FOR BITCOIN (QUICK UPDATES) - Good news for

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