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bitcoin видео ethereum russia prune bitcoin bitcoin poloniex If an asset’s primary (if not sole) utility is the exchange for other goods and services and if it does not have a claim on the income stream of a productive asset (such as a stock or bond), it must compete as a form of money and will only store value if it possesses credible monetary properties. With each 'feature' change, those that attempt to copy bitcoin signal a failure to understand the properties that make bitcoin valuable or viable as money. When bitcoin’s software code was released, it wasn’t money. To this day, bitcoin’s software code is not money. You can copy the code tomorrow or create your own variant with a new feature and no one that has adopted bitcoin as money will treat it as such. Bitcoin has become money over time only as the bitcoin network developed emergent properties that did not exist at inception and which are next to impossible to replicate now that bitcoin exists. android tether clicker bitcoin

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Legislation
The top concerns for most countries pertaining the Bitcoin legislation are the possibility of using it in criminal ways, its influence on the national currency and taxation issue.

There are three destinations where the most venture capital flow is registered: US, Canada and China.

The steps taken towards the Bitcoin legalization in each country are presented in the bullets.


United States
positive approach towards Bitcoin cryptocurrency
Bitcoin is not recognized as a currency but a money service business (MSB)
Digital Currency money service business are obliged to reporting, registration, and record keeping
The first country to set the regulated Bitcoin exchange, Coinable
ItBit, Bitcoin exchange has received first banking license from New York State’s Department of Financial Services

Canada
positive approach towards Bitcoin cryptocurrency
Bitcoin is recognized as a commodity
Bitcoin exchanges are MSB which are going under AML laws
Bitcoin exchanges have to register with FINTRAC

China
the biggest scale of Bitcoin market
only individuals are obliged to make bitcoin transactions
bitcoin transactions are barred for every financial institute and payment company

Germany
have an advanced Bitcoin regulation framework
Bitcoin is not recognized as an official currency but a form of private money



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