Countries Comparison
Parameters
Light
France
- Green
Last Updated: 1 November, 2022
Sweden
- Green
Last Updated: 31 October, 2022
Banking
Cyprus
There is no Banking Data
Last Updated: 31 October, 2022
India
There is no Banking Data
Last Updated: 1 November, 2022
General Adoption
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
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
Government View
Indonesia
The Indonesian government is still trying to figure out how to tax and regulate cryptocurrencies. Although it has been decided that crypto is not a legal tender and may not be used to buy groceries or other essentials, Indonesia is operating to regulate the rule. Crypto is legalized as an investment asset.
The purchase and selling of cryptocurrencies in Indonesia are only authorized for investment reasons or for legally specified crypto assets, according to the country’s legislation. However, the central bank recently underlined that cryptocurrencies are not a valid method of payment. Banks are forbidden to facilitate the use of cryptocurrency as a form of payment.
Last Updated: 1 November, 2022
Iceland
There is no conclusion about the Icelandic government point of view. The government has officially cautioned Icelanders against trading in cryptocurrencies, but this is expected of a nation that suffered a dramatic financial crisis in 2008. Cryptocurrencies may not be recognized as legal tender in Iceland, but it’s not illegal to trade in them.
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