Category: Europe

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...

Before 2023, Finland had developed a structured regulatory framework for cryptocurrencies, balancing legal recognition with rigorous oversight. Legal Status of Cryptocurrencies: Cryptocurrencies were legal in Finland. The Finnish government acknowledged the existence of various digital assets like Bitcoin, Ethereum, Litecoin, Dogecoin, and others. However, it was emphasized that these...

Monaco, known for its affluent economy and global finance activities, has taken a cautiously open approach to cryptocurrencies. As of the years leading up to 2024, the principality’s stance on digital assets reflected a blend of legal acceptance and regulatory anticipation. Legal Status of Cryptocurrencies Cryptocurrency Legality: Cryptocurrency use,...

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, the legislative landscape for cryptocurrencies in North Macedonia was characterized by a lack of specific regulations and legal frameworks, coupled with cautionary guidance from the National Bank of North Macedonia. Legal Status of Cryptocurrencies Non-Recognition as Legal Tender: Cryptocurrencies were not...

Prior to 2023, the legislative landscape for cryptocurrencies in Greece was marked by a lack of specific regulations, with digital currencies falling under the existing legal frameworks for financial transactions and securities. Legal Status of Cryptocurrencies: Cryptocurrencies were legal in Greece, but they were not recognized as legal tender....

Booming Cryptocurrency Market As of 2023, cryptocurrency ownership in Germany was thriving, especially among young, tech-savvy, and affluent residents. Millennials and Gen Z were increasingly embracing cryptocurrencies like Bitcoin and Ethereum, indicating a growing acceptance of digital assets as a legitimate investment class. This trend was not just limited...

As of 2023, Bosnia and Herzegovina (BiH) was still in the early stages of developing a comprehensive regulatory framework for cryptocurrencies. The country’s approach to crypto regulation was characterized by incremental changes and ongoing efforts to establish a formalized legal structure. The most significant development was the recognition of...

Cryptocurrency Advertising Regulation In Spain, despite cryptocurrencies not being recognized as financial instruments, significant steps were taken to regulate cryptocurrency advertising. In March 2021, amendments to the Spanish Securities Markets Law were enacted specifically to regulate the advertisement of cryptocurrency services. This regulation aimed to protect Spanish investors from...

Conflicting Perspectives and Regulations Sweden’s legal framework for cryptocurrencies prior to 2024 was marked by conflicting laws and contradictory policies. The Swedish Financial Supervisory Authority (SFSA) and Finansinspektionen (FI) warned about the risks and low consumer protections associated with cryptocurrency investments, citing difficulties in valuing cryptocurrencies credibly due to...