BTC China CEO: Most Countries Will Defer to US on Bitcoin Regulation
Bobby Lee has a theory on why most countries aren't enacting new Bitcoin regulations. While there are currently many different countries around the world making their own recommendations when it comes to how Bitcoin should be regulated, the reality of the situation is that most central banks and regulators are looking to the United States for guidance on this matter. Although many Bitcoin entrepreneurs in the United States have denounced their country's stance on Bitcoin thus far, the truth of the matter is that New York City is still the financial center of the world. There has been a....
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For the time being, it remains unclear what this announcement means for bitcoin. China is planning to introduce some major changes in terms of market regulation. By the year 2020, China wants to address fake goods, food, and drug safety issues. Moreover, the government wants to impose more consumer protection measures, as there is a severe lack right now. An intriguing development, as this news goes to show some big changes are happening in the financial department. It remains unclear if this will have an impact on bitcoin in China, though. It is evident China wants to strengthen its....
PRESS RELEASE. October 2021, leading Crypto service comparison site – Cryptowisser, take an in-depth look at the recent crypto ban in China as well as several other countries who legally restrict crypto currency in some way and why.
As the Cryptowisser report states, there are over 15 countries where Crypto currency is restricted or outright banned, however some are stricter than others and make it entirely illegal to own any crypto assets. For instance, the report lists Bangladesh as a country that forbids owning any form of cryptocurrency, despite this, it is also....
This news comes at a time where the UK finds itself in an awkward position after the Brexit. Many experts assumed the region would lose its appeal in the financial sector, but that does not appear to be the case. Regulation plays an integral role in the world of finance. Now that Fintech and Bitcoin efforts are gaining more traction, a lot of these guidelines need to be revised and updated. Regulators in the UK and China will be working together to create a new framework for financial projects in the 21st century. In the world of regulation, collaboration is a must these days. When....
Bitcoin is a new way to think about money, and there are people in places all around the world who could use it for purposes other than speculation. Maybe they don't have faith in the financial system of the country they live in. Or maybe national regulations put limits on what kind of assets they can invest in. Bitcoin could assist with these and other economic problems in some countries in particular. For a country's currency to be successful, its citizens must believe in the good faith and credit of its government. Whether it is dollars, pounds or euros, money has value in part because....
It may not be such a surprise that more technologically advanced nations would be more open to the use of Bitcoin inside their borders, as well as developed countries would accept Bitcoin more than developing countries. Why? Developing countries are still continuing to encourage their own local economies to grow, and do not want Bitcoins or any other types of cryptocurrency not backed by their respective governments to get in the way. This comes after the fact that China, India, and Thailand has discouraged and sometimes outright banned the purchase and selling of Bitcoins to their....