Five countries where crypto regulation changed the most in 2019, Ripple plans to expand Brazilian banks partnerships and Huobi Indonesia adds fiat-to-crypto gateway
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Important, interesting and market moving news
28–12–2019
Five countries where crypto regulation changed the most in 2019
One of the impediments to the adoption of blockchain and crypto technologies in the world are the regulations governing their introduction into the world of business.
Nonetheless, many experts believe the year 2019 has seen a significant improvement in many countries in regard to blockchain regulation.
China —Blockchain adoption is being accelerated, but crypto can be only referred to as a national cryptocurrency.
France — The Bank of France will launch a pilot project for a Central Bank Digital Currency early 2020. Besides, crypto-to-crypto trades are no longer subject to tax.
Germany — The German government passed a bill in November that allows banks to sell and custody cryptocurrencies by the end of 2020.
USA — With a law that came into effect on 1 March, all assets from the category of virtual currencies are being equated with fiat currencies and subject to the same tax and supervision procedures.
Iran — The Iranian government passed a law in July 2019 that endorsed the mining of cryptocurrencies.
Ripple plans to expand Brazilian banks partnerships
Blockchain payments firm Ripple is targeting more partnerships with Brazilian banks in the coming year.
Most cross-border payment in Brazil are currently processed via SWIFT, which is expensive and can take up to a week. Transfers via Ripple can cost up to 10% of the amounts charged by banks.
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