Over the past year, we have seen over a dozen countries’ governments weigh in on Bitcoin in some fashion. Australia, and the Netherlands simply said that Bitcoin is taxable, India states that it has no intent to regulate Bitcoin exchanges under local money transmission law, Canada and Great Britain did both, Norway and Sweden warned against it but did little else, Finland simply said that Bitcoin is legal, and France and China gave it their tacit approval, and Thailand took the opposite track, suggesting (but certainly not conclusively ruling) that it might be illegal outright. Finally, in the United States, the response has been truly massive. Over the last twelve months, the country has seen a combination of pretty much […]
The post The United States’ Regulatory Shame appeared first on Bitcoin Magazine.
Over the past year, we have seen over a dozen countries’ governments weigh in on Bitcoin in some fashion. Australia, and the Netherlands simply said that Bitcoin is taxable, India states that it has no intent to regulate Bitcoin exchanges under local money transmission law, Canada and Great Britain did both, Norway and Sweden warned against it but did little else, Finland simply said that Bitcoin is legal, and France and China gave it their tacit approval, and Thailand took the opposite track, suggesting (but certainly not conclusively ruling) that it might be illegal outright. Finally, in the United States, the response has been truly massive. Over the last twelve months, the country has seen a combination of pretty much […]
The post The United States’ Regulatory Shame appeared first on Bitcoin Magazine.
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