Category: North America

Before 2023, Haiti’s approach to cryptocurrency was marked by an absence of specific regulations and legislation directly governing the sector. This lack of formal regulation created an environment where the legal status of cryptocurrencies remained ambiguous. Absence of Specific Cryptocurrency Regulations: Haiti had not enacted any regulations or legislation...

The legislative framework for cryptocurrencies in Nicaragua before 2023 is a compelling case study in how an emerging economy adapts to the burgeoning world of digital finance. During this period, Nicaragua’s approach to cryptocurrency regulation was characterized by a lack of specific legislation, reflecting the broader challenges faced by...

Saint Kitts and Nevis, a dual-island nation known for its strong financial services sector, had an evolving and interesting approach to cryptocurrency regulation prior to 2023. This approach was shaped by the country’s economic landscape, its role as an international financial center, and the global shift towards digital assets....

The legislative landscape for cryptocurrencies in Saint Vincent and the Grenadines (SVG) before 2023 provides an intriguing insight into how a small island nation engaged with the emerging and rapidly evolving world of digital finance. Known for its robust offshore financial services, SVG’s approach to cryptocurrency regulation reflects its...

The regulatory landscape for cryptocurrencies in Saint Lucia prior to 2024 was characterized by a notable absence of specific laws and regulations, placing the use and trading of digital currencies in a legal gray area. Legal Status of Cryptocurrencies Absence of Explicit Laws: Saint Lucia did not have any...

In the years leading up to 2024, Canada’s approach to cryptocurrency regulation evolved significantly, adapting to the dynamic nature of the crypto market. The Canadian regulatory framework did not feature specific legislation exclusively for cryptocurrencies but applied a range of existing laws to various aspects of the crypto ecosystem....

The Bahamas, prior to 2024, had positioned itself as a significant player in the global cryptocurrency market. The country’s approach to cryptocurrency regulation was encapsulated in the Digital Assets and Registered Exchanges (DARE) Act, which was implemented in December 2020. This act was a pivotal move, as it not...

As of 2023, Belize’s approach to cryptocurrency regulation was cautious and evolving. The country had not established a comprehensive legal framework specifically for cryptocurrencies. The Financial Services Commission (FSC) of Belize, which is responsible for regulating trading businesses in the country, had not issued legal guidance for the use...

Overview Trinidad and Tobago’s approach to cryptocurrency legislation and regulation prior to 2024 was characterized by caution and a lack of specific regulatory frameworks. The nation was relatively behind other Caribbean countries in implementing digital currency solutions, including the consideration of a Central Bank Digital Currency (CBDC). Regulatory Stance...

Jamaica’s approach to cryptocurrency regulation before 2023 was characterized by its integration into the existing legislative framework, without explicit laws specific to digital currencies. Cryptocurrencies in Jamaica were not explicitly prohibited, and the general legal framework of the country likely regulated them. This included the possibility of cryptocurrencies being...