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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.
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]
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]
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.
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Currently, crypto regulation is still in its infancy, though world governments are all considering what sort of regulations to put into place, particularly after recent bank collapses were shown ...
Expressing his public policy opinion on the Indian cryptocurrency market to a well-known online publication, a leading public policy lawyer and Vice President of SAARCLAW (South Asian Association for Regional Co-operation in Law) Hemant Batra has said that the "cryptocurrency market has now become very big with involvement of billions of ...
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 ...