#BITCOINews #BTCnews Five Countries Make #BitcoinLegal Tender By End Of 2022 More details on CC24N.COM https://www.instagram.com/p/CUz34CnMjnn/?utm_medium=tumblr

Reposted from @criptogen Bueno poco a poco chicos. Aún faltan 128 paises por conquistar 😎🇺🇳 ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ✅Siguenos 👉 @criptogen ✅Siguenos 👉 @criptogen ✅Siguenos 👉 @criptogen ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ 🎁¡COMPARTELO con todos tus amigos! ⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ Hashtag: . #criptonoticias #bitcoinlegal #bitcoinilegal #bitcoinalegal #prohibido #criptomonedas #altcoin #bitcoin #blockchain #binance #coinbase #criptoeducacion #mineria #mining #btc #cryptocurrency #mundocriptomonedas #bitcoinworld #bitcoinworldwide #criptos - #regrann (en El Silencio, Distrito Federal, Venezuela) https://www.instagram.com/p/CByDdfFnzQo/?igshid=a7d1rmvgdck9

​​India’s Crypto Panel Proposes a Sovereign Cryptocurrency Amidst a Controversial 10 Year Jail Term for Private Dealing Governments across the world are slowly moving towards regulating the cryptocurrency field, looking at ways to protect investors while promoting growth in the industry. However, there remains a small fraction of jurisdictions where crypto remains a taboo subject and strict regulations are passed hindering the growth. India may yet join the latter group of countries if the cryptocurrencies recommendations committee set by the Ministry of Electronics and Information Technology, the Securities and Exchange Board of India, and the Reserve Bank of India is passed into law. #crypto #india #bitcoin #bitcoinlegal #reservebankofindia https://www.instagram.com/p/B0f2UCrn3w0/?igshid=xvl7se0sdwot

Where are you from? 😎 #bitcoinlegality #cryptolegality #cryptoadoption ▫️ Already heard about our Telegram channel? Click the link in our bio and join now! 😎 ▫️ 🖼 Used graphics: Credits to the owner ▫️ Repost @cryptoexplorer • • • • • #cryptocurrencies #futures #altcoin #hodl #bitcoinasia #bitcoincharts #bitcoinsallday #coinmarketcap #decentralized #cryptotrading #monero #bitcoinnews #cryptoexplorer #blockchain #cryptocurrency https://www.instagram.com/p/BwFf4g3lime/?utm_source=ig_tumblr_share&igshid=2f8usyht1j6v

Swiss FinTech: Against Unnecessary Regulatory Burden.

Although the legal framework for fintech is based on various laws and regulations, the fact that Finma acts as main financial regulator in Switzerland ensures a consistent approach to the qualification and regulatory treatment of fintech operators. Furthermore, Switzerland provides for an established system of industry self-regulation in respect of specific areas of financial services (for example in the area of money laundering prevention or with respect to certain activities in connection with collective investment schemes). A diverse and dynamic fintech scene has the potential to contribute significantly to the quality and competitiveness of Switzerland as a financial centre. Not least for this reason, the Swiss Federal Council has launched a proposal for amendments to the Banking Act and the Banking Ordinance to ease the regulatory framework for fintech operators. A public consultation procedure regarding the proposed amendments was opened on February 1 2017. The planned exemptions and reliefs are based around three main pillars: Creation of a largely unregulated innovation sandbox: This will allow operators to accept deposits from the public in an amount up to CHF1 million ($1 million) without requiring a banking licence, creating an opportunity to test innovative business models without unnecessary regulatory burden. http://www.mondaq.com/x/583622/fin+tech/European+Fintech+Special+Focus+Regulating+Innovation

Bitcoin Benefits & Flaws

“Among other benefits, Bitcoin increases access to financing in impoverished areas, provides an avenue for low-cost remittances, lowers transaction costs for businesses burdened with high credit-card fees, and perhaps most importantly, creates a global platform for financial and technological innovation to flourish. While authorities recognize these advantages, the potential for criminal abuse nevertheless remains salient.”

http://scholarlycommons.law.northwestern.edu/cgi/viewcontent.cgi?article=1229&context=njtip

Compliance and Licensing of Cryptocurrency

Who Needs Virtual Currency Licensing?

(1) those receiving or transmitting virtual currency on behalf of consumers. (2) securing, storing, or maintaining custody or control of such virtual currency on the behalf of customers. (3) performing retail conversion services. (4) buying and selling virtual currency as a customer business (5) controlling, administering, or issuing a virtual currency. (6) those needing to maintain AML compliance programs that, at a minimum, provide internal controls to ensure ongoing compliance with applicable BA/AML laws and regulations, provide for independent testing, designate a qualified individual for coordinating and monitoring day-to-day compliance, and provide ongoing training to appropriate personnel.

http://www.paulhastings.com/publications-items/details/?id=58f9e369-2334-6428-811c-ff00004cbded