Source: Dumb Little Man
Cryptocurrencies and their related technology have taken the world by storm in recent months though very few truly know just what this means and how it could affect our day to day life. With their decentralized nature and speculation regarding security, however, it’s no surprise that governments across the globe are more than skeptical and with some of the world’s leading cryptocurrency exchanges looking to expand, most notably the recent USA eToro expansion, understanding the ins and outs of what the world’s leading countries think of this is vital part of understanding how it all works. Here, we’re exploring exactly that.
America
For the most part, the USA in particular tends to be a bit of a grey area when it comes to cryptocurrency use. While it’s not entirely regulated in the US, Canada or South America in any great way, there has been talks regarding the regulation of ICOs and warnings have been issued around investments.
However, this grey area essentially means that any US citizen looking to utilise or get involved with the cryptocurrency market could without facing any legal action. Whether this changes in the future has yet to be seen, but for now, it is entirely legal.Europe
For the most part, Europe’s cryptocurrency regulation is similar to the US in that it is a grey area for the most part. However, unlike the US, there is more likelihood of this changing in the future. The EU, and subsequently the UK after Brexit, is looking into different ways to police cryptocurrency use online but due to the lack of a single host for any of these currencies, this could prove difficult.
Germany and France are leading this regulation,…
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