Bitcoin global regulation

[anzhanbei1214068]

Define bitcoin as currency: Australia, Sweden.

It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.

Clearly identified as legal means of payment: France, Japan.

Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.

The first country to recognize the legal status of bitcoin: Germany.

The first country to block bitcoin: Thailand (now a changed attitude)

ICO's country: China, South Korea.

Countries with positive attitudes to ICO: Russia, France.


Japan: embracing reform, licensing, and overall regulation.

Japan, as an innovator in this reform, has been on the cutting edge.

[Tenderino]

There will be never a global regulation in regard to bitcoin or other crypto currencies. Declaring bitcoin transactions as illegal does not play much a role if you consider that it is basically an anonymous and decentralized system.

Only two countries aknowledged bitcoin as public currency confirms that it will take another thousand years until probably half of the countries in the world will aknowledge it as well. And that is good, because as long as it is not accepted as a public currency, you do not have to follow the laws that regulate and tax money.

[SFR10]

Since you mentioned "global regulation" in the title, the following link provides more in-depth information (Legality of bitcoin by country or territory).
It's worth adding it to the OP (as a link).

[shaheer001]

Yesterday one more good news listen through G20 summit as they clearly explained the Crypto regulation at the moment not possible and has no thread to world economical system. so hope BTC will now go up soon.

[richminded]

Yesterday one more good news listen through G20 summit as they clearly explained the Crypto regulation at the moment not possible and has no thread to world economical system. so hope BTC will now go up soon.

Hopefully this summit will bring positive trend in cryptoworld, we will see this thing after weeks. A lot of regulations, FUD news happening around the world and the price of the market are really hurting much, now its a good time for a news like this. Hope that many country will support this so we can see bitcoin on its higher level again.

[faupou]

Define bitcoin as currency: Australia, Sweden.

It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.

Clearly identified as legal means of payment: France, Japan.

Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.

The first country to recognize the legal status of bitcoin: Germany.

The first country to block bitcoin: Thailand (now a changed attitude)

ICO's country: China, South Korea.

Countries with positive attitudes to ICO: Russia, France.


Japan: embracing reform, licensing, and overall regulation.

Japan, as an innovator in this reform, has been on the cutting edge.

Whatever the existing global arrangements must be inevitable, because the state has a comprehensive right to its relationship with its own people.

[destinysaid]

I thought btc was gonn touch the $6000 mark once again. While this isnt bad news, for me it isnt a complete win itself. The USA and china have not relaxed their regulations and they still prohibit ICOs.

That prohibition prevents a lot of investors from coming in directly.

For me, im still waiting to know the next news before i sell or buy,

Mans still hodling & watching

[nniecan001]

Define bitcoin as currency: Australia, Sweden.

It is clear that bitcoin transactions are illegal: Indonesia, Bangladesh, Bolivia, Ecuador and kyrgyzstan.

Clearly identified as legal means of payment: France, Japan.

Specific economic activities related to bitcoin: UK, Germany, France, Finland, Norway, Russia, Singapore, Israel.

The first country to recognize the legal status of bitcoin: Germany.

The first country to block bitcoin: Thailand (now a changed attitude)

ICO's country: China, South Korea.

Countries with positive attitudes to ICO: Russia, France.


Japan: embracing reform, licensing, and overall regulation.

Japan, as an innovator in this reform, has been on the cutting edge.

It has a potential, but I think it's not possible in this current time. The first issue is about the tax which is different local government demand for sure and think about this link...(https://99bitcoins.com/list-countries-banned-bitcoin/?gclid=Cj0KCQjwv73VBRCdARIsAOnG8u0TuXkYxzNNQsHwYSrs3FI-pOaDtYzjiaBmpAJICoBz9BxGNhAT_8MaAnUZEALw_wcB)
Russia – The Russian Prosecutor General’s Office says “Systems for anonymous payments and cyber currencies that have gained considerable circulation — including the most well-known, Bitcoin — are money substitutes and cannot be used by individuals or legal entities.”

[doomloop]

Yesterday one more good news listen through G20 summit as they clearly explained the Crypto regulation at the moment not possible and has no thread to world economical system. so hope BTC will now go up soon.

I was also following the summit of the g-20 and I think that the news about crypto currencies are not yet confirmed officially, though unofficially may be there are some rumours that they are not likely to ban it or legislate it in the near future. This is a good news as well as a bad one as well because again the world powers have left the void on the bitcoin for the confusion to prevail. Another positive news is this that the price has shown real growth today and may be it will grow more soon.

[Starone1]

Yesterday one more good news listen through G20 summit as they clearly explained the Crypto regulation at the moment not possible and has no thread to world economical system. so hope BTC will now go up soon.

Very good we should share news like this so it will encourage other people to invest their capital in bitcoin, I must suggest people to buy as we can see bitcoin is being regular now as Japan has amounted bitcoin as legal currency, they are making high demand with huge acceptance of bitcoin in their society, bitcoin has stated to move high now don’t leave your strength soon you will get good news about bitcoin that it has gone most expensive in this world, we are expecting bitcoin to be 100k this year.

[ArgentinaETH]

and Argentina? what is the position?

[samcrypto]

Wow, it seems like the whole world are watching cryptocurrency now. A lot of good and bad news, regulations everywhere but in the end cryptocurrency will win and go higher for good. This is the future that we need, and I know many more big people will adopt this system.

[mrcash02]

and Argentina? what is the position?

Uncertain position yet. G20 meeting is happening at this moment in Argentina. One of the subjects to be discussed is Bitcoin, they are talking about what to do in relation to Crypto-Currency. A member of an argentinian Bitcoin NGO is there, suggesting a "smart regulation" towards Crypto market.
Better to wait the meeting finishes, so we can have updated news about it.

[Coleth]

Having a global regulation for bitcoin will be good. I believe it would be helpful as a guide for everyone who are in bitcoin. Having a good and friendly regulation without any compromise to what bitcoin is all about will give a very good trustworthy bitcoin that reaches every country who would accept and invest in it.

[AngelSky]

and Argentina? what is the position?

Uncertain position yet. G20 meeting is happening at this moment in Argentina. One of the subjects to be discussed is Bitcoin, they are talking about what to do in relation to Crypto-Currency. A member of an argentinian Bitcoin NGO is there, suggesting a "smart regulation" towards Crypto market.
Better to wait the meeting finishes, so we can have updated news about it.

But so far there is hard regulations related talk about bitcoin and blockchain technology. There is good symbol from them and they did not take any serious discussion about crypto currency this time.
I am damn you will not find any hard regulations about the bitcoins this complete meeting.

Hopefully we may find the positive news like Russia's acceptance about bitcoin usage, Australian government bill about bitcoin and etc.

[Snaic]

Yesterday one more good news listen through G20 summit as they clearly explained the Crypto regulation at the moment not possible and has no thread to world economical system. so hope BTC will now go up soon.

That was yesterday's news. Today there was information that this afternoon the G-20 summit will still discuss the Crypto-currency and may decide to recognize it as an asset. What consequences of this can be, we learn in the coming days, if the information at all is correct.
As for the global regulation of the crypto currency, sooner or later this will happen. It is not worth hoping that the crypto currency can not be regulated.

[datodota002]

from the information that you have write above, there is several country taht have not accept bitcoin. but people who use bitcoin expect global regulation of bitcoin so all bitcoin user can use bitcoin globally.

Joachim Wuermeling of Bundesbank believes there is very little chance of containing this digital global phenomenon with differing national rules across the globe. With international co-operation in regulating Bitcoin comes a chance for regulators to take control, says Wuermeling.

It is clear that Bitcoin and other cryptocurrencies will continue to exist in ways that many regulators disapprove of unless there is a united front on wresting the digital currency economy under global control.

[Aleister Crowley]

I do not think it will ever happen to bitcoin global regulation, because there will always be an incoherence between the rules of each state .. because bitcoin and crypto are the greatest opportunities for getting clappers, and that's what causes each country to have different rules about regulation bitcoin

[smith136]

I do not think it will ever happen to bitcoin global regulation, because there will always be an incoherence between the rules of each state .. because bitcoin and crypto are the greatest opportunities for getting clappers, and that's what causes each country to have different rules about regulation bitcoin

Actually he's not pertaining on that, what he is pointing out is the current point of view of different countries towards bitcoin as well as its legality and account.

[Aandosq1]

Since you mentioned "global regulation" in the title, the following link provides more in-depth information (Legality of bitcoin by country or territory).
It's worth adding it to the OP (as a link).

yes sir, now bitcoin prices started to fall in the Indonesian marketplace all that must be a change