Cryptocurrency in the World
We have the great opportunity to help our nation in this innovation.Most of the worlds mining going in Iceland, China, Russia, Sweden & most of the coins & exchanges working from USA, Europe,Japan & Korea.We have good potential with almost 500 software houses & thousands of Crypto activists here in United Arab Emirates.
we have made a list of some countries updated related to Crypto
UK (United Kingdom)
A new research commissioned by software developer Citrix (NASDAQ CTXS) has found that 50% of large British businesses have stockpiles of cryptocurrency.The study,which was carried out in partnership with One Poll, surveyed 750 IT decision makers within large UK businesses of 250 employees or more. It found that those businesses hold an average of 24 bitcoins each. Out of those companies, just 7% are investing in bitcoin alone and 93% in a more diverse portfolio of cryptocurrencies. 54% have bought litecoin, 43% ethereum, 33% Ripple’s XRP, and 29% dash.
Spain
Proposals to introduce tax exemptions for companies using blockchain technologies and cryptocurrency have been put on the table in Spain. The ruling People’s Party is preparing new legislation that will also offer incentives to entrepreneurs raising funds through ICOs. If lawmakers adopt the amendments, investors will not be required to report crypto assets under certain threshold.
South Korea
The Upbit exchange generated more than half of South Korea’s $648 mln cryptocurrency exchange revenues in 2017, new government figures claim.According to data released by lawmaker Park Kwang-on and reported by local news media outlet Yonhap News Sunday, total revenues for Korea’s burgeoning exchange sector ballooned 8025% compared to 2016, when it amounted to just $7.5 mln.
UAE
The largest free economic zone in the UAE, with zero percent personal and corporate income tax, has started issuing licenses to firms trading cryptocurrencies. The first license has been issued to a gold trader that has recently started offering cryptocurrency services.
Japan
Japanese entertainment giant DMM has launched its “large-scale Japan-quality” mining farm, with a plan to deploy more farms overseas. DMM is also launching a showroom, allowing the public to tour its mining farm, as well as a mining pool.
India
India will soon have its own rules on bitcoin. The responsibilities of various regulators have been determined, a high-ranking official revealed. Relevant institutions are currently finalizing a comprehensive government policy on cryptocurrencies.
Australia
According to the Australian Broadcasting Corporation, a spokesperson representing Australia and New Zealand Banking Group (ANZ) stated that the bank does not prohibit customers buying digital or cryptocurrencies, or accepting them as a form of payment.” ANZ’s spokesperson added that the bank “monitors transactions for unusual behavior to protect against potential fraud and in line with our regulatory responsibilities.
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