![]() ![]() Legal, must register with the Financial Services Agency Grey area regulations to be determined by the end of 2019 Legal, registration requirements with FCA Legal, regulation varies by state SEC expected to publish updated crypto regulations late 2019 Legal, must register with the Lithuanian Finance Ministry Grey area first crypto exchange in opened mid 2019 Legal, accepted as payment in some contexts Legal, regulation varies by province final federal regulations expected late 2019 Not legal tender some retailers accept as payment Legal, must register with the Financial Intelligence Unit While the term cryptocurrency is a bit of a misnomer, some countries do consider digital currencies legal tender, with many viewing cryptocurrencies as commodities.īelow is a table of the major countries that are pursuing cryptocurrency regulations: Country Global attitudes towards the rise of cryptocurrencies have shifted greatly over the past few years. ![]() ![]() Which jurisdictions have the strictest and most relaxed regulations for cryptocurrencies? Regulations by Region Planned legislation to increase crypto regulation? (Yes = 1 point, No = 0 points).Cryptocurrency considered legal tender? (Yes = 1 point, No = 0 points).Cryptocurrencies and exchanges status? (Ban = 3 points, Regulated = 2 points, Grey Area = 1 point).To do this, ComplyAdvantage measured cryptocurrency regulatory environments using their own Light-to-Tight scale, based on the following criteria: Today’s graphic from ComplyAdvantage maps out major regulatory cryptocurrency and exchange landscapes around the world, showing how sentiments towards digital currencies are evolving. Regulations help to monitor these emerging digital currencies, and to allow for clearer guidelines and a measure of security. To aid this, cryptocurrency regulations are being slowly introduced into global financial markets. The world has become increasingly fascinated with cryptocurrencies and the ways they are enabling greater access, such as being able to send funds to remote places or securing capital for small businesses. Mapped: Cryptocurrency Regulations Around the Worldįollowing the unprecedented cryptocurrency boom in 2017, investors and governments alike could no longer ignore the growth of decentralized finance. ![]()
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