Hodor Posted August 15, 2016 Share Posted August 15, 2016 (edited) https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country So why am I posting about BTC legality? Because the usage of XRP as a token for settlement would face similar regulations, I would think. (I also realize that usage of XRP as a bridge currency might not face these regulations, depending on interpretation) Japan and Argentina seem to be the only countries that recognize bitcoin and other tokens as money, but Argentina clarified that they are not to be considered "legal currency". A small number of countries like Ecuador and Russia has a ban in place on the use of bitcoin. The wikipedia page goes on to detail some interesting stories. Here's a snippet: Quote The Federal Election Commission (FEC) deadlocked in November 2013 on whether to allow bitcoin in political campaigns with three Democrat members voting nay, three Republicans voting yea. Political bitcoin pioneers New Hampshire House member Mark Warden and Southern California politician Michael B. Glenn independently from each other accepted bitcoin in their campaigns, and paved the way for others to follow suit. In May 2014, the FEC issued draft guidance to U.S. politicians who want to receive bitcoin donations. It declined to declare bitcoins currency, stating they fit into its "anything of value" definition. In May 2014, Brett Stapper, co-founder of Falcon Global Capital, registered to lobby members of Congress and federal agencies on issues related to bitcoin. Edited August 15, 2016 by Hodor MundoXRP 1 Link to comment Share on other sites More sharing options...
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