Cryptocurrency regulation in the world
Greetings. 👋🏻 Today we will tell you about the regulation of cryptocurrency in the world.
📌 Today, a new task has arisen for governments — the regulation of cryptocurrencies, operations with them, the integration of blockchain innovations in the financial and legal systems.
📌 The legal status of cryptocurrencies varies widely in different countries. In some countries, transactions with cryptocurrencies are completely legal. As a rule, they are regarded as a product or investment asset, and for tax purposes are subject to the relevant legislation.
📌 There is no regulatory framework in the world that sets reference rules for the regulation of cryptocurrency ICOs. This means that there are no legal protection mechanisms for both investors and individuals issuing cryptocurrency tokens. In some countries, there are already attempts to legalize crypto-investments and to give cryptocurrencies official status.
🔗 Despite this, the integration of blockchain technology is in full swing. The business is ready to use cryptocurrencies, smart contracts, and other blockchain tools. World banks have already begun to introduce new blockchain modifications. FinTech industry calls blockchain one of the most promising trends of our time. Only the lack of legal status does not allow these new technologies to unfold fully.
🏆 PZMCash is a cryptocurrency created as a means of payment for a fast-growing ecosystem in which the economic motives of each individual participant provide an increase in overall wealth. The main strategic success factor for PZMCash is the bet on the growing scaling and balancing of the supply and demand of the money supply.
🏆 The key difference between PZMCash and the “classic” PoS concept lies in the mechanism of filling the network with the money supply. The PZMCash team refused to issue completely when generating the first block — only 1% of the total number of coins will be distributed when the network is launched using premining. The remaining coins will be issued during post-mining — payouts to loyal PZMCash holders for supporting the network.
Find out more about the features and benefits of PZMCash here: https://pzmcash.com/
