it is planned to "strengthen control over methods of non-bank transfer of payments, such as electronic and anonymous payment systems and virtual currencies; as well as control over the transfer of gold and other precious metals, as well as the use of prepaid cards.

In the European Union, the UK is most active with respect to crypto currency. In March 2015, the UK Treasury announced a series of initiatives aimed at trying to regulate this market, and in particular, to prevent money laundering through such systems. At the same time, the government of the state loyally expressed its attitude to the crypto-currencies, saying that this technology is promising for micropayments and international transfers.

Its understandable i think in some degree considering that your country was attacked by a terrorist you have to lay out all possible scenarions in where and which these terrorists are theiving and one of these can be pinpointed to bitcoin and cryptocurrency in which it is untraceable and private that it makes it for the governemt and the authorities to know which is in cahoots and colluding with them

Previously, the European Office for Supervision of the Securities Market (ESMA) already warned issuers and investors about the high risks of ICO (Initial Coin Offering). Investors risk participating in the ICO, since most placements are not regulated by law, and the price of crypto-currencies is extremely volatile, the agency explained. It warned the issuers of crypto-currency that only those ICOs that are legalized as the placement of securities are legal.

It is high time to regulate crypto-currencies by analogy with other currencies. When regulators accurately outline the rules, more official players will appear on the global market of crypto currencies - banks that are now afraid of risking their reputation and getting involved in adventures, he said.

That's ridiculous thing which will ever happen. It can crash the market very badly because after the US most of the money that comes into the crypto is from the European countries. If they implement regulations and which are hard to digest then people might just go away with it.

However, if this helped ICO and projects like that which are based on the blockchain in good will or if it built good trust amongst the people then reverse effect can be seen where people will happily invest into bitcoin and grow the market subsequently.

Sometimes I'm very confused with the regulation stuff. It could either help the whole community in the same manner as if we are dealing with the fiat in real world. But sometime they could crap out the investment mania from all of us. Time will tell the truth.

With the legal status of bitcoin, there are no problems in Canada. This country is also open to bitcoin-transactions. The Canadian tax agency treats it as a valuable asset (income derived from transactions is treated as income from business activities). Taxes can fluctuate, depending on how bitcoin is used: for purchase-sale or as an investment. Therefore, the same rules of the law on combating money laundering apply to the exchange as well as to the business that provides cash and settlement services. .

In Finland, bitcoin transactions are treated as financial transactions, so they do not apply value added tax. Although in most cases people view bitcoins as valuable assets, not money. The same situation is observed in Belgium.

Germany has determined the legal status of bitcoin: the use of crypto currency is legal, and the amount of tax differs for enterprises, miners, users and stock exchanges.

Bitcoin is illegal in Ecuador, but this country has released its own digital currency, created on the basis of a mobile phone.