Bitcoin legal? To see bitcoin in the United States and Japan European regulatory process

Bitcoin legal? To see bitcoin in the United States and Japan European regulatory process

The United States is currently bitcoin as commodities, by CFTC regulation. But in the process of bitcoin development, regulatory agencies involved in more complex. From the regulatory agencies, the United States is divided into bank regulators, the securities and Exchange Commission and the Commodity Futures Trading Commission, SEC CFTC, the National Taxation Bureau of IRS four regulatory agencies, four regulatory agencies bitcoin have different cognitive and regulatory measures; from the point of view of the subject of regulation, federal law and state the law also has the obvious difference for bitcoin attitude and treatment.

As of 2017, bitcoin worldwide has more than 12 million, across more than 100 countries, more than ten million bitcoin game player, including Japan, Europe and the United States, China Home Furnishing multi play. For countries in the bitcoin regulatory process is also different.

U.S.A

In July 23, 2013, the U.S. Securities and Exchange Commission (SEC) to bitcoin and other virtual currency as the currency.

In April 14, 2014, the U.S. Internal Revenue Service (IRS) (IRS) provisions bitcoin for real estate.

In September 17, 2015, the U.S. Commodity Futures Trading Commission (CFTC) regulations of bitcoin for goods.

In June 3, 2015, the State Financial Services Department of New York (NYDFS) released for the virtual currency business license.

Japan

In March 7, 2014, the Japanese cabinet provided bitcoin is not money.

In December 17, 2015, Japan’s financial services agency (FSA) to establish regulatory bitcoin exchange specification.

In February 24, 2016, Japan’s financial services agency (FSA) plans to amend the legislation, recognize bitcoin currency.

In March 4, 2016, Japan’s financial services agency (FSA) officially recognized and digital currency bitcoin currency status.

In January 27, 2014, the provisions of the Russian central bank used virtual currency for illegal behavior.

In July 2, 2014, the authorities believe that the Russian central bank should not completely ban digital currency, application scenarios and are working on bitcoin.

In June 11, 2015, the Central Bank of the Russian government position is more conducive to bitcoin.

In January 16, 2016, the Russian Central Bank formally abolished the bitcoin virtual currency and ban.

Europe

In October 29, 2012, the European Central Bank (ECB) provisions bitcoin for real estate, but not by the traditional financial supervision.

In July 4, 2014, the European Banking authority (EBA) said that in the absence of specific regulations before the introduction of European banks should not trade in bitcoin and other virtual currencies.

In October 22, 2015, the European Court of Justice (ECJ) said bitcoin trading is a means of payment, and exempt from consumption tax.

In October 18, 2016, the European Central Bank (ECB) said the EU institution should not promote the application of digital currency.

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