Published On: Thu, Oct 26th, 2017

Axon Partners and Forklog Consulting Release 2016 Report on the State of Global Cryptocurrency Regulation

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Kyiv, Ukraine – Law firm Axon Partners, in conjunction with cryptocurrency consulting firm ForkLog Consulting, have released an English-language version of their comprehensive report on the regulation of Bitcoin and Bitcoin-related businesses around the world.
What’s in the Report
Titled Bitcoin Regulation: Global Impact, National Lawmaking, the report, which was published in its original Russian language in February 2017, details the regulatory status of Bitcoin and Bitcoin-related businesses in Australia, the United Kingdom, Hong Kong, the European Union, Canada, China, South America, Russia, the United States, Ukraine, and Japan in 2016.
For each jurisdiction (country) in the report, the following areas are examined:
Summary
Background
Regulatory Framework
Tax Treatment
Liability
Due to the rapidly changing cryptocurrency landscape, some of the statements in the report are no longer current. Regardless, the report gives substantial insight into the evolution of cryptocurrency and blockchain-based business regulation from the period of 2014 to 2016, which was one of the primary objectives of the report.
Research supervisor Vlad Likhuta, also an associate at Axon Partners and the head of marketing at ForkLog Consulting, explains:
The report analyzes jurisdictions that are most popular with cryptocurrency businesses in terms of regulation. The document’s goal is to paint …

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