The Financial Stability Board and the International Monetary Fund are preparing to release a document urging worldwide cooperation on cryptocurrency policies during the upcoming G20 summit scheduled for this weekend.
The report noted that the news of SpaceX, led by Elon Musk, writing off a portion of its Bitcoin holdings in the previous quarter, played an added role in fueling the correction within the cryptocurrency markets in August.
The authorization establishes Coinbase as the pioneering crypto-centric platform to provide regulated and leveraged cryptocurrency futures in conjunction with conventional spot trading.
What Are the Cryptocurrency Regulations Around The World？
When financial institutions were asked whether cryptocurrencies should be considered legal tender – as in stores are required to accept them as payment – 44% of respondents said yes. The survey was conducted by YouGov on behalf of the UK defense think tank Royal United Services Institute and anti-money laundering education body ACAMS. It carries even more weight because ACAMS is headed by the former Executive Secretary of the Financial Action Task Force (FATF).
Trading a cryptocurrency or cryptocurrency trading is as legal as trading any fiat currency. As a rule, the governments do not limit the residents’ abilities to use a cryptocurrency as an asset to trade. It means that every person is eligible to be a crypto trader.
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