Digest of Cryptocurrency Regulation in the World
South Korea
Starting in 2022, South Korean cryptoinvestors will be subject to a 20% tax on capital gains, but will be entitled to a tax deduction for expenses incurred while mining (such as electricity costs).
Georgia Georgia started considering options to create digital lari (GEL).
Germany
On July 1, Germany will enact a law allowing off-budget funds to invest in digital assets.
Turkey
The Turkish government has obliged all crypto exchanges in the country to report detailed information about their customers (a procedure identical to banks).
Venezuela
Venezuela will start paying benefits in the national cryptocurrency petro as part of the fight against hyperinflation.
Thailand
Traders will be required to verify cryptocurrency accounts in person.
Russia
Dmitry Medvedev, deputy chairman of the Russian Security Council, said: "Bitcoin has no future." At the same time, Sberbank is actively working on its digital asset.
