One of the key challenges facing the industry Bitcoin is uncertain regulations. Most countries are still building the legal framework for the use of other cryptocurrencies and Bitcoin. The New York financial service's work on the second draft of BitLicense after receiving numerous comments from the industry; Singapore has committed to regulating certain types of firms in the future; Russia has banned the bitcoin transactions; He helped remove taxation on bitcoin business; Other countries may adopt the attitude wait and see in view of upcoming BitLicense proposal.
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