Not all countries treat cryptocurrencies well. Therefore, if you are thinking of trading in digital assets, it will be useful for you to know in which countries this is a good thing.submitted by PlasmaPay to u/PlasmaPay [link] [comments]
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Let's start with the negative attitudeChina
In China, history seems to be reversed. They are "witch-hunting" again... We mean crypto platforms hunting, of course. At the same time, the matter concerns not only crypto exchanges but also peer-to-peer platforms.
In order to trade in crypto assets, the local population uses VPN.
The Bolivian Financial Supervisory Authority System (ASFI) is quite cruel to those involved in cryptocurrency matters. In any case, there are already 60 people on trial for this type of activity.
Moreover, since 2014, Bolivia has considered both Bitcoin and all Altcoins as pyramidal schemes. This is the first country in the world to ban the use of absolutely any currency that would not be issued or controlled by the government.
Bangladesh law enforcement agencies are actively seeking holders and traders since any cryptocurrency operations are prohibited. For them, all the methods seem to be good - except that there is no announcement of a reward for their heads.
The Central Bank of the country declared that cryptocurrencies cannot be legal means of payment.
... continue with the neutral attitudeJapan
The Japan Financial Services Agency (FSA) is now considering the possibility of changing the legal framework for cryptocurrencies.
It is important that Japan is the first country to adopt a bill that recognizes cryptocurrency as a means of legal payments.
After considering the issue of banning trade in cryptocurrencies and ICO in 2017, because of the fear of possible money laundering and tax evasion, South Korea is developing a structure that will allow Korean companies to collect funds on crypto markets.
The market also suffered from bursts of manipulation schemes. In response to many questions, South Korea issued a direct ban, and only recently decided to partially accept crypto market with certain conditions.
Now in Seychelles, several large crypto exchanges are registered. They are probably attracted by the lack of regulation of cryptocurrency trading and the advantages of the offshore zone.
However, at the moment the status of Bitcoin in this region is controversial.
Legal regulation of cryptocurrency in Belarus so far consists only of the Decree of the President of the Republic of Belarus of December 21, 2017 No. 8 "On the Development of the Digital Economy." The decree has not entered into force, so Belarusians have no formal permission to use cryptocurrency in any way.
But at the same time, the country's leadership is loyal to the crypto industry. It is possible that a trading space "paradise" will appear in Belarus.
Since January 2018, the implementation of cryptocurrency legislation has been actively discussed in the country, but so far there has been little success in this area.
The country plans to divide cryptocurrency actions into three categories. The first is utility tokens, the second is digital security tokens, and the third group will include payment tokens, that is, cryptocurrencies.
In general, many cryptocurrency startups complain about not too transparent legislation in Singapore. At the same time, the government is clearly keen on the idea of attracting crypto traders.
... and end with a positive attitudeMalta
Malta is one of the most cryptocurrency-friendly countries.
The group of islands exceeds the major players: Japan, Korea, China, USA and Belize. The country has advanced in the acceptance of the crypto industry, ahead of such former leaders as China and the United States.
Even Binance crypto exchange moves to Malta. It means a lot!
Great Britain is another country that has long entered the race for the title of world cryptocurrency capital.
"The UK competes with other financial centers around the world that are also striving to become the crypto capital, so it’s important that this regulation be implemented as soon as possible," said Zeeshan Feroz, Coinbase UK CEO, in a letter to CNBC
Los Angeles - the first in the list of US cities that accepts Bitcoin. There are 878 companies working for cryptocurrency. New York is the second after Los Angeles.
Manhattan in New York took the first place in terms of crypto trading - 6.9%, followed by Chicago - 4.9%, Jacksonville - 4.2%, San Francisco - 3.5%, San Antonio - 3.1%, and Washington - 2.4%.
Switzerland launches the process of registering crypto exchangers. To legalize their business, companies need to obtain a license from the Swiss Financial Market Supervisory Authority (FINMA).
Crypto exchanges are legalized in Australia, and the country is progressing in establishing legislation that meets the challenges of the crypto industry.
In 2018, the Australian Transaction Reports and Analysis Centre (AUSTRAC) announced the implementation of reliable cryptocurrency exchange rules.
The new rules require that exchanges operating in Australia register with AUSTRAC, identify and verify users, keep accounts, and fulfill AML / CFT reporting obligations.
In the future, unregistered crypto platforms will be subject to criminal charges and financial penalties.
Such conditions will surely be attractive to traders who are attentive to their assets and want to keep them safe and sound.
Our final pick in this overview of the leading Bitcoin exchanges in Australia is Binance. Based in China but serving Aussie since 2017, this platform is great for experienced traders and those that want to move large amounts of money around. Indeed, as we’ve highlighted in our review of Binance, verified users can withdraw up to 100 BTC per day. That’s a large sum of money and it address ... In an effort to promote brand identity and awareness across Africa, Binance has launched its affiliate program across 5 African countries. The Binance Africa Affiliate Program is currently open in pilot for all influencers, crypto enthusiasts, and content creators in these countries:. Ghana; Kenya; Nigeria; South Africa; Uganda; SEE ALSO: Binance Uganda to Shut Down Operations in November 2020 ... Binance.US looks to be far more limited than regular Binance, with only Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Tether trading available to start. Further, Binance.US will require identification information to sign up in order to comply with regulations. Binance is a popular cryptocurrency trading platform that features an advanced charting system to allow traders to speculate on the prices of digital assets such as Bitcoin. Powered by TradingView which is a leading charting and social network, Binance users are fully equipped with the best charting tools and features for cryptocurrency to trade hundreds of pairs on a single trading site. On Wednesday (March 20th), cryptocurrency exchange Binance announced the launch of Binance Lite Australia, “a cash-to-bitcoin brokerage service where users can purchase bitcoin by depositing cash at a network of supported newsagents across Australia.”. In a press release shared with CryptoGlobe, Binance calls the new service “the easiest way to buy Bitcoin with cash in Australia,” and ... A growing number of cryptocurrency exchanges have been registered with Australia's crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news ... Binance Lite offers the option to buy Bitcoin in Australia by converting AUD into Bitcoin (BTC) using a bank transfer or cash deposit at over 1300 supported news agencies. Binance has partnered with the Australian company InvestbyBit to launch Binance Lite that leverages the strengths and security of one the largest cryptocurrency exchanges in the world. BTC/EUR: Aktueller Bitcoin - Euro Kurs heute mit Chart, historischen Kursen und Nachrichten. Wechselkurs BTC in EUR. The Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges - something that pro-regulation industry participants have described as ... All of you must have heard a lot about Bitcoins, but what exactly is a Bitcoin? Have you ever pondered … How To Buy Bitcoin In Australia Using AUD: Best Australian Exchanges Read More »
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