Regulations
By Steven Anderson
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Financial Supervisory Authority of Norway (Finanstilsynet) expressed, “There is a strong need for a legal framework and investor protection if cryptocurrency is to be able to…
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The authority made this statement in response to the swindling Bitcoin price and the risks it poses to users.
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Malta is a leader in crypto regulation. While cryptocurrencies are not legal, crypto exchanges are.
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In 2018, the Landmark legislation, known as the cryptocurrency legislation as a new regulatory framework was launched by the Malta government.
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The German Federal Financial Supervisory Authority (BaFin) in Germany monitors cryptocurrencies in the payment process.
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In 2018, the Mexican government published the Mexican Official Federal Gazette, the Fintech Law which regulates the Financial Technology Institutions (IFTs).
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In South Korea, crypto exchanges are legal, but cryptocurrencies are not. Cryptocurrency transactions are exempted from taxes.
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Canada has been very positive towards crypto adoption. Crypto transactions are legal in Canada and they are treated like a commodity.
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Japan’s Financial Services Agency (FSA) governs all cryptocurrency trading platforms in Japan. Japan legalized cryptocurrency in 2017 under the Payment Services Act.
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Cryptocurrency in Australia is treated like a property. It is legal and it is subject to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF 2006),…
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Singapore signed Blockchain and Cryptocurrency Regulation, 2020 to regulate cryptocurrency and accelerate its adoption.
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EU being one of the earliest countries to make cryptocurrency legal across the EU does not have specific regulation to be passed by the EU which governs crypto activities.
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Cryptocurrency is legal in several states. There are no comprehensive regulations to govern these activities.
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