Regulatory framework for blockchain
Taxation differs depending on whether method since it does not bitcoin payments and must pay conventional capital gains taxes.
Taxation differs depending on whether method since it does not bitcoin payments and must pay conventional capital gains taxes.
PwC also identified many countries that do not allow cryptocurrencies to be used. The government officially supports the use of blockchain technologies, including cryptocurrencies. Qatar states that the reason behind the ban is weak compliance with know your customer KYC and anti money laundering AML regulations. Looking for an expert ICO development company in Belarus? In December the Reserve Bank of South Africa issued a position paper on virtual currencies whereby it declared that virtual currency had "no legal status or regulatory framework".