Category: Pre-2024 Worldwide Legislation

As of the years leading up to 2024, Myanmar’s stance on cryptocurrencies was marked by caution and a lack of comprehensive legal frameworks. The Central Bank of Myanmar (CBM) had not recognized cryptocurrencies as legal tender, leading to a somewhat ambiguous regulatory environment. Legal Status and Regulatory Approach Legal...

In the period leading up to 2024, the legislative landscape for cryptocurrencies in Yemen was significantly influenced by the country’s broader socio-political and economic context. Yemen, grappling with prolonged conflict and economic challenges, had a unique approach towards the regulation and adoption of cryptocurrencies. During this time, Yemen’s official...

Luxembourg, known for its progressive stance in the financial sector, approached cryptocurrency regulation with a similarly forward-thinking attitude prior to 2024. While cryptocurrencies were not considered legal tender in Luxembourg, the country’s legislative approach was notably permissive and focused on integrating these new technologies into the financial system with...

In New Zealand, prior to 2024, the regulation of crypto-assets and related services fell under the purview of existing laws rather than specific cryptocurrency legislation. The primary regulatory bodies involved were the Financial Markets Authority (FMA), the Department of Internal Affairs (DIA), and the Inland Revenue Department (IRD), with...

As of the period leading up to 2023, the legislative environment for cryptocurrencies in Benin was marked by a significant lack of specific regulation. This created a unique scenario where the legal status of cryptocurrencies in Benin remained ambiguous, falling into a grey area within the broader financial and...

Venezuela’s journey into the realm of digital currencies represents a significant chapter in the global finance and regulatory landscape. This journey is characterized by innovative approaches, legal challenges, and government initiatives. The Petro Cryptocurrency The Venezuelan government introduced the Petro, a state-backed cryptocurrency, in December 2017 under Presidential Decree...

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...

As we delve into the legislative landscape for cryptocurrencies in Zimbabwe prior to 2024, it’s essential to understand the unique economic backdrop against which these developments unfolded. Zimbabwe, a country that has faced significant economic challenges, including hyperinflation and currency instability, has had a complex relationship with digital currencies....

Prior to 2024, Malta emerged as a leader in the regulation of cryptocurrencies, characterized by a proactive and progressive approach. The Maltese government, recognizing the potential of digital currencies and blockchain technology, actively encouraged their development. While there was no specific legislation for cryptocurrencies initially, Malta rapidly moved towards...

As of 2023, the legislative landscape for cryptocurrencies in Niger was largely undefined. In this West African nation, the status of cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others remained in a grey area, with no specific laws either prohibiting or regulating their use. The Central Bank of Niger had...