What Is Your country Saying About Cryptos?

[valnd]

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)

[stronghands4lyfe]

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

[rommelzkie]

#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  

[muncuss]

#Philippines

- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank)
Its more fun in the Philippines  

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

[chokomenia]

#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.

[Lm2e4]

#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  

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.  

[nuruljadidku]

#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  

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.

[aakriti]

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.

[dewi91]

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.

[JeffBrad12]

#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  

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.

[ejawusa]

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,

[sarahtarczon]

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.

[dillpicklechips]

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.

[keseoma]

just BAN BAN BAN, here in China 

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

[target]

#Philippines

- Cryptocurrency is supported by Central Bank Of the Philippines (BSP), Local Banks are now looking for block-chain technology and its usage (Unionbank)
Its more fun in the Philippines  

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

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.

[Angel0]

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.

[dominasikoin]

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.

[Xfactor06]

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.

[Ginosaur15]

#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  

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.

[denbagoes]

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.