Countries Comparison
Parameters
Light
China
- Red
Last Updated: 31 October, 2022
Japan
- Green
Last Updated: 1 November, 2022
Banking
Italy
There is no Banking Data
Last Updated: 1 November, 2022
China
There is no Banking Data
Last Updated: 31 October, 2022
General Adoption
United Kingdom
General Adoption: UK policy thinking in relation to cryptocurrencies is still actively developing. The United Kingdom’s approach to cryptocurrency regulations has been measured but has matured in the post-Brexit financial landscape. Although the UK confirmed in 2020 that crypto assets are property, it has no specific cryptocurrency laws and cryptocurrencies are not considered legal tender.
Last Updated: 31 October, 2022
Indonesia
General Adoption: Indonesia’s Financial Services Authority has warned investors against the risk of investing in cryptocurrency, arguing it does not have underlying value and prices are highly volatile.
Last Updated: 1 November, 2022
Government View
Israel
Although the government does profit from taxation on cryptocurrencies it does not regulate the issue and private banks are not allowed to deposit high amounts of money without a wide report about its whereabouts.
Last Updated: 31 October, 2022
Switzerland
Switzerland is known for many things. In the realm of finance, it is known for Swiss banking standards, which allow for high levels of privacy with low levels of risk. It therefore might not surprise anyone that the country has lenient regulations for crypto investors as well.
However, the unique system of regions into divisions called cantons plays heavily into what can and cannot be done. Each of Switzerland’s 26 cantons has its own legal definitions regarding the treatment of cryptocurrency.
One Swiss canton may tax cryptocurrency while another may not. And within each canton the rules that trigger taxation may differ. In Zurich, capital gains from movable private wealth are tax exempt, which could be interpreted to mean that Bitcoin and other crypto could be tax free. However, mining gains are taxed as regular income. In Bern, the regulations are stricter and mining and trading are treated as regular income. Lucerne is much more in line with the canton of Zurich and treats capital gains with tax-exempt status.
Last Updated: 31 October, 2022
Blockchain Projects
Brazil
Last Updated: 22 March, 2023
Brazil
Last Updated: 22 March, 2023
Taxes and Regulation
Brazil
The Brazilian government is trying to pass a bill about Cryptocurrency. The bill would force virtual asset service providers to follow rules of communication of financial transactions, with identification of customers and recordkeeping. The bill would also increase the penalty for money laundering crimes using virtual currencies.
Brazilian tax laws do not provide for specific provisions regarding cryptocurrencies. Taxation follows general applicable rules to movable goods.
Last Updated: 22 March, 2023
Brazil
The Brazilian government is trying to pass a bill about Cryptocurrency. The bill would force virtual asset service providers to follow rules of communication of financial transactions, with identification of customers and recordkeeping. The bill would also increase the penalty for money laundering crimes using virtual currencies.
Brazilian tax laws do not provide for specific provisions regarding cryptocurrencies. Taxation follows general applicable rules to movable goods.
Last Updated: 22 March, 2023
Trading Methods
Brazil
There is no Trading Methods Data
Last Updated: 22 March, 2023
Brazil
There is no Trading Methods Data
Last Updated: 22 March, 2023
Trading
Brazil
eToro, CoinMama, bitpanda, CEXio among the traditional Binance and Crypto.com.
Last Updated: 22 March, 2023
Brazil
eToro, CoinMama, bitpanda, CEXio among the traditional Binance and Crypto.com.
Last Updated: 22 March, 2023
Privacy
Brazil
RFB Normative Ruling No. 1,888/19 requires cryptoasset exchanges to disclose specific transaction data from its clients, including information such as parties involved in the negotiation of assets, related dates, addresses of the remittance and receiving wallets, amounts and fees involved. Parties engaging in sales must also file disclosure information if monthly amounts exceed the sum of BRL30,000 (USD5710.81 12/02/22).
Last Updated: 22 March, 2023
Brazil
RFB Normative Ruling No. 1,888/19 requires cryptoasset exchanges to disclose specific transaction data from its clients, including information such as parties involved in the negotiation of assets, related dates, addresses of the remittance and receiving wallets, amounts and fees involved. Parties engaging in sales must also file disclosure information if monthly amounts exceed the sum of BRL30,000 (USD5710.81 12/02/22).
Last Updated: 22 March, 2023