Category: Europe

The legislative framework for cryptocurrencies in Slovakia up to 2023 reflects a nuanced approach, balancing the integration of innovative financial technologies with regulatory oversight. As a member of the European Union, Slovakia’s cryptocurrency regulations were influenced not only by its national agenda but also by broader EU directives and...

The legislative landscape for cryptocurrencies in Hungary prior to 2024 illustrates a country adapting to the evolving world of digital currencies, taking steps to integrate them into its tax and legal frameworks. Absence of Specific Cryptocurrency Laws Until recently, there were no laws in Hungary that specifically regulated the...

Ukraine’s legislative landscape for cryptocurrencies before 2023 is an exemplary case of how a country can evolve its legal framework to accommodate the rapidly expanding world of digital finance. As a nation known for its robust IT sector and technological prowess, Ukraine’s approach to regulating cryptocurrencies was characterized by...

As we approach 2024, the Republic of Azerbaijan’s stance on cryptocurrency regulation reveals a landscape of cautious but not prohibitive attitudes. The country’s approach to blockchain technology and cryptocurrency is notable for its lack of direct regulatory acts, yet it does not entirely disregard the concept within its legal...

Before 2024, Andorra was an intriguing case in the landscape of cryptocurrency regulation. The nation, traditionally not a focal point in the global financial system, began to take significant strides in embracing digital assets and blockchain technology. Early Steps and Regulatory Framework Initially, cryptocurrencies like Bitcoin were largely unregulated...

As we look back at the period leading up to 2024, Belgium’s approach to cryptocurrency legislation reflects a cautious yet gradually evolving regulatory environment. The country’s legislative measures predominantly focused on integrating cryptocurrencies within existing financial and anti-money laundering frameworks. Introduction of Cryptocurrency Registration Requirements A significant development occurred...

In Austria, the approach towards cryptocurrency regulation before 2024 was marked by a cautious yet progressive attitude. Austrian financial regulators and policymakers, particularly the Financial Market Authority (FMA), showed a general receptiveness towards digital assets, new technologies, and fintech innovations. This attitude was evident in the encouragement of blockchain,...

Balancing Innovation and Regulation The United Kingdom’s approach to regulating cryptoassets has evolved alongside the technology itself, with a focus on supporting innovation while protecting consumers and maintaining financial stability. The Cryptoassets Taskforce, established in 2018 and comprising HM Treasury, the Financial Conduct Authority (FCA), and the Bank of...

Liechtenstein, a small yet progressive country, has emerged as a crypto-friendly jurisdiction, recognizing early the potential of blockchain and distributed ledger technology (DLT). The government’s proactive approach led to the establishment of the Blockchain Act, officially known as the Law on Tokens and Trusted Technology Service Providers (TVTG), which...

As of the latest information available prior to 2023, Moldova had not yet fully embraced the regulation of cryptocurrencies. Cryptocurrency in Moldova was not officially recognized as legal tender, but it was not explicitly declared illegal either. The Moldovan government had not developed any concrete laws specifically regulating the...