Category: Asia

Before 2023, Georgia emerged as a notable player in the global cryptocurrency landscape, characterized by its liberal approach towards the crypto industry and the absence of restrictive legislative frameworks. This environment facilitated the growth of cryptocurrency-related activities in the country. Lack of Legislative Restrictions for Crypto Exchange: Georgia did...

As of the years leading up to 2024, Myanmar’s stance on cryptocurrencies was marked by caution and a lack of comprehensive legal frameworks. The Central Bank of Myanmar (CBM) had not recognized cryptocurrencies as legal tender, leading to a somewhat ambiguous regulatory environment. Legal Status and Regulatory Approach Legal...

As of 2023, China’s stance on cryptocurrency has been characterized by a complex and somewhat contradictory approach. The country, known for its stringent regulatory environment, has taken significant steps to both recognize and restrict the use of cryptocurrencies. Ban on Crypto Transactions and Mining China intensified its crackdown on...