The changes in the crypto currency legal status over the past month

The changes in the crypto currency legal status over the past month

By Andrey SML | Blockchain'n'Finance | 19 Mar 2020


  • 2020, March 8: French court ruled that bitcoin is similar to currency: the first time a court in France has issued such a ruling, according to a report from Les Echos

 

  • 2020, March 5: South Korea passes bill to regulate encrypted currency. Country's National Assembly finally passed a bill after about two years of deliberation. It provides a framework for the regulation of cryptocurrencies and exchanges

 

  • 2020, February 28: Australian court admits cryptocurrency: The District Court of the State of New South Wales has allowed an encrypted currency exchange account to be used as collateral for legal fees

 

  • 2020, March 4: The Supreme Court of India issued a historic ruling in favour of the encryption industry: the court revoked a notice issued by the central bank in April 2018, which banned regulated entities from providing services to encryption companies, saying it was unconstitutional.

 

  • 2020, March 2: The German Financial Regulatory Authority, which began to regulate the encryption industry at the beginning of this year, recently issued a clarification statement on the crypto: under the new law, the relevant service providers need to obtain the authorization to operate

Andrey SML
Andrey SML

Smart Block Laboratory is a team of R&D professionals dedicated to create contemporary game-changing solutions. Smart Block Laboratory is General Member of HYPERLEDGER, Silver Member of Linux Foundation and Business Partner of IBM.


Blockchain'n'Finance
Blockchain'n'Finance

News and reports by Smart Block Laboratory team about development of blockchain technologies in the financial sector, legal status of cryptocurrencies etc

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