Legislation
The top concerns for most countries pertaining the Bitcoin legislation are the possibility of using it in criminal ways, its influence on the national currency and taxation issue.
There are three destinations where the most venture capital flow is registered: US, Canada and China.
The steps taken towards the Bitcoin legalization in each country are presented in the bullets.
United States
positive approach towards Bitcoin cryptocurrency
Bitcoin is not recognized as a currency but a money service business (MSB)
Digital Currency money service business are obliged to reporting, registration, and record keeping
The first country to set the regulated Bitcoin exchange, Coinable
ItBit, Bitcoin exchange has received first banking license from New York State’s Department of Financial Services
Canada
positive approach towards Bitcoin cryptocurrency
Bitcoin is recognized as a commodity
Bitcoin exchanges are MSB which are going under AML laws
Bitcoin exchanges have to register with FINTRAC
China
the biggest scale of Bitcoin market
only individuals are obliged to make bitcoin transactions
bitcoin transactions are barred for every financial institute and payment company
Germany
have an advanced Bitcoin regulation framework
Bitcoin is not recognized as an official currency but a form of private money
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United States position about first regulated exchange. After the statement from San-Francisco-based exchange Coinbase about opening a new bitcoin exchange offering storage services which will be approved by a number of US States, including New York and California, Bitcoin value raised significantly. Such step of the government meant a lot for Bitcoin users, as it turned Bitcoin to the next level where there is a place for trustworthiness and insurance of the investments.обменник bitcoin cryptocurrency это ethereum биржи ethereum transactions bitcoin c криптовалют ethereum ann monero bitcoin трейдинг bitcoin код bitcoin yandex flypool monero information bitcoin bitcoin moneybox lealana bitcoin frontier ethereum car bitcoin bitcoin china карты bitcoin bitcoin сеть
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