Category: Europe

In the period leading up to 2023, Armenia’s approach to the regulation of cryptocurrencies was characterized by a lack of specific legal frameworks, yet with an openness to the use and trading of digital currencies. This stance represented a cautious yet non-restrictive approach to an increasingly digital financial world....

San Marino, an enclaved microstate surrounded by Italy, has taken significant steps to regulate and foster the development of blockchain and cryptocurrency technologies. This strategic initiative aims not only to harness the potential of these emerging technologies but also to position San Marino as a leading global hub for...

Romania’s landscape for cryptocurrency regulation before 2024 was gradually evolving, with several key developments shaping its approach to digital currencies and blockchain technology. The State of Cryptocurrency Regulation As of 2023, cryptocurrencies were not recognized as legal tender in Romania. However, they were increasingly accepted as a form of...

Slovenia, with its liberal stance towards digital currencies, presents a unique and evolving landscape for the regulation and use of cryptocurrencies. The country’s approach reflects a balance between embracing technological innovation and ensuring regulatory compliance to mitigate risks associated with digital assets. Legal Status and Regulatory Framework Cryptocurrencies, including...

Before 2023, Croatia had a legal framework that allowed for the use, purchase, sale, and trading of cryptocurrencies, although these digital assets were not recognized as legal tender. The legislative and regulatory landscape was shaped by several key aspects: Legal Status of Cryptocurrencies: Cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin,...

Switzerland, renowned for its robust financial sector and progressive economic policies, has emerged as a global leader in the cryptocurrency space. Prior to 2024, the country developed a comprehensive and forward-thinking approach to regulating cryptocurrencies and blockchain technology, fostering innovation while ensuring stability and security in financial transactions. Government...

The legislative landscape for cryptocurrencies in Denmark before 2023 was characterized by a nuanced and comprehensive approach, with a focus on integrating digital currencies within the existing financial and legal frameworks. Classification and Regulation: In Denmark, cryptocurrencies had to be classified either as a form of payment, a capital...

The Italian legislative landscape for cryptocurrencies experienced significant updates in the years leading up to 2024. These changes marked a notable shift in Italy’s approach to digital assets, aligning with global trends in cryptocurrency regulation. Key Regulatory Developments Introduction of Capital Gains Tax on Cryptocurrency: A pivotal change in...

Before 2023, Estonia was recognized as a forerunner in regulating services related to cryptocurrencies. The country’s approach to cryptocurrency regulation was open, innovative, and in many aspects, more advanced compared to other EU member states. Regulatory Framework and Legal Status: Cryptocurrency exchanges were legal in Estonia and required to...

As the world of cryptocurrency continually evolved, Lithuania emerged as a notable player in shaping regulations for virtual asset service providers (VASPs) within the European Union. By the period leading up to 2024, Lithuania had developed a comprehensive legal framework, primarily focused on anti-money laundering (AML) and counter-terrorist financing...