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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Crypto regulations vary across the U.S. from state to state and even between federal agencies, which all have different ways of defining crypto that come with their own tax implications and laws.
Major platform companies in China include Alibaba and Tencent. [52] Xi further called for existing financial regulations to apply to all financial transactions. [53] The nation's anti-trust authority, the State Administration for Market Regulation, began hiring new staff the month after Xi made these comments. [54]
Crypto regulations have been widely discussed as one of the necessary steps for the digital asset market to mature and become truly mainstream. According to a report by the Value Technology ...
The State Administration for Market Regulation (SAMR; 国家市场监督管理总局) is a Chinese ministerial-level agency directly under the State Council of the People's Republic of China responsible for market supervision and management. SAMR was established in 2018. It is China's primary antitrust regulator.
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A federal appeals court says the U.S. Securities and Exchange Commission needs to better explain why it turned down a request from Coinbase to develop regulations to cover the booming crypto asset ...
China's central bank, the People's Bank of China (PBOC), began research on the digital currency in 2014 under the leadership of Governor Zhou Xiaochuan. [9] [2] In 2016, Fan Yifei, a deputy governor of the PBOC, wrote that "the conditions are ripe for digital currencies, which can reduce operating costs, increase efficiency and enable a wide range of new applications". [10]