Online bitcoin trading map
P2P lending refers to companies that develop blockchain-based, peer-to-peer lending platforms which allow users to engage in lending transactions with peers, as opposed to traditional financial institutions. Merchant services refers to companies that primarily develop cryptocurrency and blockchain solutions for merchants and sellers. This category includes blockchain-based rewards programs, cryptocurrency point-of-sale kiosks, and merchant-directed blockchain consulting services.
To reduce chargebacks and increase margins for businesses, Coinify offers physical point-of-sale kiosks, online shopping cart integrations, and payment buttons that allow merchants and consumers to transact in cryptocurrencies. Blockchain services companies primarily develop blockchain operating systems, APIs, and protocols intended for multiple and varied use cases, or companies that act as general-purpose blockchain consultants, typically for enterprises.
Blockchain currencies refers to companies that build unique and custom cryptocurrencies and tokens. Social companies primarily develop blockchain-based social networks. Browser companies primarily build blockchain-secured web browsers, often including microtransaction capabilities. Storage companies that primarily store data with blockchain-secured technology. Miners receive financial renumeration from cryptocurrency networks for maintaining the networks. IoT companies primarily assign physical assets blockchain-secured digital signatures and establish trusted networks by which these physical assets can communicate.
As an example, an IoT-connected shipment could move from point to point, with package information continuously updated on a secure blockchain shared by all interested parties. Identity companies primarily build identity management applications for consumers to record and secure identification data. Content companies primarily operate blockchain-based content platforms, whereby publishers and creators establish immutable rights and ownership of content and engage in microtransactions for the usage of content.
These three subcategories are grouped together because they append digital signatures for physical objects and unique content to the blockchain.
Want more data on bitcoin and blockchain startups and investors? Log in to CB Insights or sign up for free below. The Reserve Bank of New Zealand states: From Wikipedia, the free encyclopedia. For a broader coverage of this topic, see Bitcoin. This section needs expansion. You can help by adding to it. Relevant discussion may be found on the talk page. Accessed 25 September Retrieved 25 February Court of Justice of the European Union.
Retrieved 6 December Retrieved 23 October Retrieved 5 March Market, economics and regulation" PDF. European Parliamentary Research Service.
Bitcoin regulation or plans therefor in selected countries. Retrieved 18 February Retrieved 8 July Guidance for a risk-based approach. Retrieved 6 March Retrieved 30 October South African Reserve Bank.
Sars is coming for you". Retrieved 22 May Retrieved 11 June Sandra Appel A security Agreement for Bitcoin: Retrieved 5 September Financial Crimes Enforcement Network. Retrieved 1 June Retrieved 22 April Banco Central de Costa Rica.
Trinidad and Tobago Guardian. Retrieved 23 February Banco Central do Brasil. Retrieved 17 November Superintendencia Financiera de Colombia. Retrieved 20 October Banco Central del Ecuador. Retrieved 22 October International Finance Centre Development Agency. National Bank of the Kyrgyz Republic. Retrieved 20 December Retrieved 16 September Retrieved 13 February Retrieved 6 July Retrieved 21 August Retrieved 17 July Retrieved 17 June Turkish Banking Regulation and Supervision Agency.
Retrieved 16 December We're Not Giving Up Yet". Retrieved 19 December Retrieved 8 November Archived from the original on 9 February Retrieved 6 October Retrieved 10 January Retrieved 18 January Archived from the original on Bitcoin is not Currency in Japanese ". Retrieved 28 April Retrieved 26 February Archived from the original on 21 September Retrieved 21 September Retrieved 9 July Retrieved 17 April The central bank does not regulate it but the public is advised not to speculate on it ".
Retrieved 15 October Retrieved 19 June Retrieved 5 February Retrieved 2 March Retrieved 11 January Retrieved 7 May Retrieved 27 December Retrieved 29 October Retrieved 1 November Retrieved 25 August Retrieved 19 March Retrieved 14 December Retrieved 8 August Bitcoin nie jest nielegalny".
Retrieved 18 December Retrieved 28 January Retrieved 31 July Retrieved 3 February Retrieved 24 March Swiss Financial Market Supervisory Authority. Retrieved 16 April Retrieved 28 November Archived from the original on 20 September Retrieved 20 September Make quick and easy purchases with Bitcoin".
Retrieved 5 January Archived from the original on 17 December Retrieved 24 December Retrieved 15 March Retrieved 15 November The Central Bank of Iceland. Retrieved 8 January Deal Book New York Times. New Yotk Times Company. Retrieved 9 December The Ministry of Finance. Retrieved 5 June Retrieved 31 January Retrieved 2 April Retrieved 25 April National Bank of Republic of Macedonia.
Retrieved 6 June Commission de Surveillance du Secteur Financier. Retrieved 19 October The Australian Financial Review. Retrieved 10 May History Economics Legal status.
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Illegal As of [update] bitcoin was legal in Algeria, but per the Huffington Post , "Algeria is going to ban bitcoin in the new Finance law of article of the law " [13] According to the "Journal Officiel" 28 December Legal As of 17 January , The Central Bank of Nigeria CBN has passed a circular to inform all Nigerian banks that bank transactions in bitcoin and other virtual currencies have been banned in Nigeria. Legal In September the Bank of Namibia issued a position paper on virtual currencies entitled [24] wherein it declared cryptocurrency exchanges are not allowed and cryptocurrency cannot be accepted as payment for goods and services.
Legal The Reserve Bank Of Zimbabwe is sceptical about bitcoin and has not officially permitted its use. Legal Bitcoin is legal in Mexico as of Legal News reports indicate that bitcoins are being used in the country. Legal The Costa Rican Central Bank announced that bitcoin and cryptocurrencies are not consider currencies, and are not backed by the government nor laws.
Legal The Bank of Jamaica BoJ , the national Central Bank, has publicly declared that it must create opportunities for the exploitation of technologies including cryptocurrencies.
Legal Bitcoins may be considered money, but not legal currency. Illegal The Central Bank of Bolivia issued a resolution banning bitcoin and any other currency not regulated by a country or economic zone in Legal Not regulated, according to a statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks.
Legal There is no regulation on the use of bitcoins. Legal A 26 March by Superintendencia Financiera de Colombia states that the use of bitcoin is not regulated. Illegal The Ecuadorian government has issued a ban on bitcoin and other digital currencies. Legal Bitcoin is considered a commodity, [49] not a security or currency under the laws of the Kyrgyz Republic and may be legally mined, bought, sold and traded on a local commodity exchange. Legal The use of bitcoins is not regulated in Cyprus.
Legal As of , the Israel Tax Authorities issued a statement saying that bitcoin and other cryptocurrencies would not fall under the legal definition of currency, and neither of that of a financial security, but of a taxable asset. Legal Bitcoin is not banned by any governmental party in Saudi Arabia. Legal The government of Lebanon has issued a warning discouraging the use of bitcoin and other similar systems. Legal Bitcoin is not regulated as it is not considered to be electronic money according to the law.
Illegal In September , Bangladesh Bank said that "anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws". Legal While private parties can hold and trade bitcoins in China, regulation prohibits financial firms like banks from doing the same.
China On 5 December , People's Bank of China PBOC made its first step in regulating bitcoin by prohibiting financial institutions from handling bitcoin transactions.
Legal On 8 January , the Secretary for Financial Services and the Treasury addressed bitcoin in the Legislative Council stating that "Hong Kong at present has no legislation directly regulating bitcoins and other virtual currencies of [a] similar kind.
Legal While not illegal in the country, Korean authorities will prosecute illegal activity involving bitcoin [97] and have indicted at least one individual for purchasing drugs with bitcoin. Legal Bitcoin ATMs are banned here [7]: Taiwan On 6 December , Perng Fai-nan said that bitcoin is only used in certain communities.
Illegal On 19 June , the National Bank of Cambodia NBC , the Securities and Exchange Commission of Cambodia and the General-Commissariat of National Police stated that "the propagation, circulation, buying, selling, trading and settlement of cryptocurrencies without obtaining license from competent authorities are illegal activities" and "shall be penalized in accordance with applicable laws.
Malaysia On 4 October , BNM announced that The decision on whether cryptocurrencies should be banned in Malaysia will be taken by them before the end of the year. Legal In December , the Monetary Authority of Singapore reportedly stated that "[w]hether or not businesses accept bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene.
Singapore On 22 September , the Monetary Authority of Singapore MAS warned users of the risks associated with using bitcoin stating "If bitcoin ceases to operate, there may not be an identifiable party responsible for refunding their monies or for them to seek recourse" [] and in December stated "Whether or not businesses accept Bitcoins in exchange for their goods and services is a commercial decision in which MAS does not intervene" [] In January , the Inland Revenue Authority of Singapore issued a series of tax guidelines according to which bitcoin transactions may be treated as a barter exchange if it is used as a payment method for real goods and services.
Regulatory approach on Initial Coin Offering ICO [] As of February the Thai central bank has prohibited financial institutions in the country from five key cryptocurrency activities []. Legal Bitcoin is legal. Legal On 6 December , the Croatian National Bank reportedly conducted a discussion on the circulation of digital currencies and concluded that bitcoin is not illegal in Croatia. Legal Bitcoin trading does not require authorization by the Czech National Bank and the Czech National Bank cannot grant such an authorization Legal On 19 August , the German Finance Ministry announced that bitcoin is now essentially a "unit of account" and can be used for the purpose of tax and trading in the country, meaning that purchases made with it must pay VAT as with Euro transactions.
Legal The use of bitcoin in Poland is not regulated by a legal act at present. Legal As of March , an official statement of the Romanian National Bank mentioned that "using digital currencies as payment has certain risks for the financial system". Legal The National Bank of Slovakia NBS , stated [] that bitcoin does not have the legal attributes of a currency, and therefore does not fall under national control.
Legal On 23 December the Slovenian Ministry of Finance made an announcement [] stating that bitcoin is neither a currency nor an asset. Legal Bitcoin businesses in Switzerland are subject to anti-money laundering regulations and in some instances may need to obtain a banking license.
Legal The Decree On the Development of Digital Economy — the decree of Alexander Lukashenko , the President of the Republic of Belarus , which includes measures to liberalize the conditions for conducting business in the sphere of high technologies. In addition, the decree includes: Extension of the validity period of the special legal regime of the High-Tech Park until January 1, , and expansion of the list of activities of resident companies. Under the new rules, developers of blockchain -based solutions, developers of machine learning systems based on artificial neural networks , companies from the medical and biotechnological industries, developers of unmanned vehicles, as well as software developers and publishers can become residents.
The list of promising areas is unlimited and can be expanded by the decision of the High-Tech Park supervisory board. Exemption of foreign companies providing marketing, advertising, consulting and other services to the residents of the High-Tech Park from paying value-added tax , as well as paying income tax, which allows to promote IT products of Belarusian companies in foreign markets. To encourage investments, the Decree also exempts foreign companies from the tax on income from the alienation of shares, stakes in the authorized capital and shares in the property of residents of the High-Tech Park under condition of continuous possession of at least days.
Introduction of individual English law institutions for residents of the High-Tech Park, which will make it possible to conclude option contracts , convertible loan agreements, non-competition agreements with employees, agreements with responsibility for enticing employees, irrevocable powers of attorney and other documents common in international practice.
This measure is aimed at simplifying the structuring of transactions with foreign capital. Simplification of the regime of currency transactions for residents of the High-Tech Park, including the introduction of a notification procedure for currency transactions, the cancellation of the mandatory written form of foreign trade transactions, the introduction of confirmation of the conducted operations by primary documents drawn up unilaterally.
Also, the decree removes restrictions on resident companies for transactions with electronic money and allows opening accounts in foreign banks and credit and financial organizations without obtaining permission from the National Bank of the Republic of Belarus.
Simplification of the procedure for recruiting qualified foreign specialists by resident companies of the High-Tech Park, including the abolition of the recruitment permit, the simplified procedure for obtaining a work permit, and the visa-free regime for the founders and employees of resident companies with a term of continuous stay of up to days.
Legal The use of bitcoins is not regulated in Ukraine. Legal In Estonia, the use of bitcoins is not regulated or otherwise controlled by the government.
Estonia The Estonian Ministry of Finance have concluded that there is no legal obstacles to use bitcoin-like crypto currencies as payment method. Legal The Finnish Tax Administration has issued instructions for the taxation of virtual currencies, including the bitcoin. Legal According to a opinion, from the Central Bank of Iceland "there is no authorization to purchase foreign currency from financial institutions in Iceland or to transfer foreign currency across borders on the basis of transactions with virtual currency.
Legal Bank of Lithuania released a warning on 31 January , that bitcoin is not recognized as legal tender in Lithuania and that bitcoin users should be aware of high risks that come with the usage of it. Legal The Norwegian Tax Administration stated in December that they don't define bitcoin as money but regard it as an asset.
Sweden The Swedish jurisdiction is in general quite favorable for bitcoin businesses and users as compared to other countries within the EU and the rest of the world. Legal No regulation on the use of bitcoins. Legal There is not a single word in Bulgarian laws about bitcoin. Legal No specific legislation on bitcoins exists in Greece.
Legal Italy does not regulate bitcoin use by private individuals. Legal As of [update] , Malta does not have any regulations specifically pertaining to bitcoins.
Legal No specific legislation on bitcoins or cryptocurrency exists in Macedonia. Legal Bitcoin has no specific legal framework in Portugal. Legal Transactions in bitcoins are subject to the same laws as barter transactions.
Legal The Minister of Finance indicated that government intervention with regard to the bitcoin system does not appear necessary at the present time.