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Author: Admin | 2025-04-27
Well as the high risk to customers, due to a lack of regulation and protection. At the time, Coin ATM Radar listed 81 such ATMs in the country.[33][34]In September 2021, the Parliament of Ukraine passed a law to legalize cryptocurrency. The law divided virtual currencies into secured and unsecured assets and establishes an obligation for crypto service providers to comply with anti-money laundering laws.[35]In July 2020, The Dutch Central Bank (DNB) said the euro system's central bank digital currency (CBDC) should be more programmable than Bitcoin.[36][37]Estonia published its AML Bill as early as 2018.[38] According to the Organization for Economic Cooperation and Development (OECD), Estonia's tax policy is one of the most competitive in the world. There is no income tax in this jurisdiction, therefore funds received through ICOs are not subject to it, and Bitcoin and altcoins are not subject to VAT.[39][40] As of 2021, 55% of all crypto currency service providers in the world are registered in Estonia according to the Estonian Financial Intelligence Unit (FIU) (Estonian: Rahapesu Andmebüroo (RAB)).[38] On 25 March 2024, the United States Treasury imposed sanctions against the Estonia-based Timur Evgenyevich Bukanov (Russian: Тимур Евгеньевич Буканов) associated Bitfingroup OÜ.[41]Government policy appears to be supportive of crypto, if it would be possible to regulate.[42] In March 2020, the Central Bank of France began to study the topic of CBDC, in May it sold securities for the digital euro, and in September 2020, France announced the launch of CBDC based on the Tezos blockchain.[citation needed]In Spain, there is no specific virtual currencies' legislation, except for the law approved in July 2021 on preventing and fighting tax evasion.[43]Investors were cautioned by the Financial Market Authority (FMA) that cryptocurrencies are risky and that FMA does not monitor or control virtual currencies, including bitcoin or any cryptocurrency trading platforms.[44][45]In 2014, in a press release the central bank of Hungary, Magyar Nemzeti Bank (MNB), stated that Cryptocurrencies are "much riskier" than conventional forms of electronic payment, such credit cards.[46]The Financial Supervisory Authority of Denmark declared in a statement that it will not regulate the use of bitcoin and that it
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