this time-consuming and costly, but the states have not all explained if and how cryptocurrency businesses need to comply, Brito said. By m: Investment manager VanEck remains confident about its bitcoin ETF application, despite the US government shutdown. Hong Kong Informal guidance suggests that regulatory authorities are monitoring virtual currencies, particularly with regard to money laundering. 7, 2017,European Central Bank President Draghi rejected Estonias gtx 660 ti bitcoin mining plans to launch its own state-run digital currency, estcoin, and indicated that the ECB would not allow Estonia or any other EU member state to introduce its own currency Finland Based on informal interviews, the best indication. Plans to regulate cryptocurrency have made headway, and procedures for buying cryptocurrency are scheduled to be announced by the end of 2017.
22, 2017, Polands Financial Ombudsman called on the countrys Ministry of bitcoins bottom Finance to regulate the local cryptocurrency industry, claiming that as Polands cryptocurrency market is experiencing rapid growth, it should be subject to regulations that would protect customers of cryptocurrency exchanges. United Kingdom Reportedly, exchanges do not have to register under money laundering regulations. 3, 2017, Venezuela launched its own digital currency, the petro, backed by oil, gas, gold and diamond reserves. The FMA indicated that the specific characteristics and economic substance of an ICO determine whether the coins/tokens offered are a financial product and how (or if) it should be regulated. The law follows months of debate which ultimately brought Bitcoin exchanges under anti-money laundering/know-your-customer rules, and resulted in the categorization of Bitcoin as a kind of prepaid payment instrument. Kyle Torpey is a freelance journalist who has been following Bitcoin since 2011. Croatia Informal statements by the Croatian National Bank are favorable regarding the legality of bitcoin.