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Author: Admin | 2025-04-28
Cryptocurrencies, and provide a reference for the location of your encrypted mining farms. NationCryptocurrency tradingCryptocurrency ICOsAre there regulationsChina prohibitprohibitnoJapanallowallowYesSouth Korea prohibitprohibitYesThailand SupervisionSupervisionYesSingapore undecidedundecidedYesIndia valueprohibitYesIranvalueundecidednoUSAundecidedundecidednoIsrael undecidedundecidednoAustralia SupervisionSupervisionYesnew Zealand undecidedundecidedYesUK undecidedundecidednoFranceundecidedSupervisionYesGermany undecidedundecidednoRussia SupervisionSupervisionYesSwitzerland undecidedundecidednoItaly undecidedundecidedYesSpain undecidedundecidednoAmericaSupervisionSupervisionnoCanada SupervisionundecidednoMexico undecidedprohibitYesBrazil undecidedundecidednoChileprohibitundecidedno Asia Region China At present, Bitcoin is prohibited from trading and mining in China. On September 4, 2017, seven ministries including the People’s Bank of China jointly issued the “Announcement on Preventing the Risk of Token Issuance and Financing”, which pointed out that a large number of ICOs (the first generation of Token issuance) activities are suspected of being illegal, which seriously disrupted the economic and financial order, requiring that all kinds of token issuance activities should be stopped immediately, and China’s digital currency exchanges were also ordered to shut down.China declares all crypto-currency transactions illegal Japan Japan has the most friendly attitude towards bitcoin transactions. Japan recognized the legal status of Crypto in the country in the revision of the Funds Settlement Act implemented in April 2017, and implemented listing operations for exchanges. Digital currency trading operations need to hold License granted by the government. At present, there are 16 Japanese exchanges that have obtained legal licenses. According to regulations, these exchanges must pay certain tax items according to their operating profits.Crypto Travel Rule in JapanbyThe Financial Services Agency South Korea Trading Bitcoin in South Korea requires a license, and exchanges are regulated like banks. According to South Korean law, ICO financing is illegal, but South Korea has not implemented specific rules,
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