Countries Comparison
Parameters
Light
Bermuda
- Green
Last Updated: 31 October, 2022
Italy
- Green
Last Updated: 1 November, 2022
Banking
Sweden
There is no Banking Data
Last Updated: 31 October, 2022
Malta
There is no Banking Data
Last Updated: 31 October, 2022
General Adoption
Canada
General Adoption: High
Last Updated: 31 October, 2022
Saudi Arabia
General Adoption: Saudi Arabia has displayed its clear intention to liberalize its economic and financial structure by allowing the use of certain cryptocurrencies in the near future.
Last Updated: 1 November, 2022
Government View
South Korea
The Korean government decided crypto is legal as long as the people pay their taxes for dealing with. As for the time these words are being written it has been estimated that there are individuals who owe more than 12 million USD. From the Korean point of view cryptocurrencies are neither legal tender nor financial assets, and therefore taxing those is a bit of a difficulty they have encountered. Cryptocurrency exchange regulations in South Korea are strict and involve government registration and other measures overseen by the South Korean Financial Supervisory Service (FSS). Furthermore, lately the Financial Services Commission decided that all cryptocurrency exchanges would be required to register with the government and report transactions as requested.
On the user side, it’s easier to trade and even profit from crypto in Korea, but on the other side, the provider’s, it’s a regulatory mess which could make you stop operating at any given time.
Last Updated: 1 November, 2022
Denmark
In Denmark, parties in cryptocurrency transactions must resolve whether their asset is classified as a form of payment (currency), a capital asset (investment), or a financial service to determine whether the transaction is subject to the regulation of Danish authorities.
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