Category: Papua New Guinea

In 2024, Papua New Guinea (PNG) has emerged as an intriguing case study in the realm of cryptocurrency regulation. This Pacific Island nation, with its unique economic and social landscape, has embarked on a journey to address the growing influence of digital currencies. The approach PNG has taken towards...

As of the years leading up to 2024, the legislative landscape for cryptocurrencies in Papua New Guinea was marked by a lack of specific regulations and a general state of legal ambiguity. Legal Status and Government Stance Non-Recognition as Legal Tender: Cryptocurrencies were not officially recognized as legal tender...