The Country's Attitude towards Digital Currencies

The Country's Attitude towards Digital Currencies|digital currencies, organized currencies, countries already digital currencies

The Country's Attitude towards
Digital Currencies

the-countrys-attitude-towards-digital-currencies

The development and development of a controversial digital currency also invites mixed reactions among policy makers (regulators) across the world. These different reactions are then translated into the form of regulatory treatment that is applied in each country as well different. There are at least two large groups that can be organized for Study the treatment of these countries, namely:

1. In terms of legality: the attitude of regulators in each country is different in treating digital currencies, namely: (i) legal; (ii) illegal; (iii) neutral or alegal; (iv) limited or resized; and (v) Unknown classification.

2. In terms of classification: regulatory attitude with regard to eye character digital money designated as: (i) legitimate currency (money/ currency); (ii) commodities; (iii) property; (iv) barter goods; (v) no Known classification.

Of the 251 countries that already know digital currencies, 110 countries (approximately 43%) recognize digital currencies as legitimate currencies tender), among others Belgium, Brunei Darussalam, Denmark, Estonia, Finland, Greece, Iceland, Ireland, Italy, Japan, Singapore, South Africa, Spain, Switzerland, and England. Meanwhile, countries are legalizing currencies. digital as a commodity including Brazil, France, Hong Kong, Israel, Netherlands, New Zealand, Norway, Sweden Thailand, Turkey, and Zimbabwe. Digital currencies are also legally recognized as property by a number of countries. These include Australia, Poland, and the USA. In addition, in a number of countries, Meanwhile, countries are legalizing currencies. digital as a commodity including Brazil, France, Hong Kong, Israel, Netherlands, New Zealand, Norway, Sweden Thailand, Turkey, and Zimbabwe. Digital currencies are also legally recognized as property by a number of countries. These include Australia, Poland, and the USA.

In addition, in a number of countries, such as Austria, Canada, Germany, and the Philippines, digital currencies are treated. legally as goods that can be exchanged with other goods (Barter good). On the other hand, there are also a number of countries that consider currencies. digital is not legal as a currency, such as Afghanistan, Algeria, Pakistan, Vanuatu. But a number of countries have also designated it limited as currencies (such as Iran), limited as commodities (such as Samoa, China, Egypt, and Indonesia), and limited as property as designated India.

There are restrictions and restrictions on the use of digital currencies it functions legally as money and provides limited alternatives as commodities (property) certainly can not be separated from consideration of currency value Digital is very volatile. It is also intended that The currency is not manipulated, causing significant losses. significant for investors.