Category: Pre-2024 Worldwide Legislation

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....

As of the years leading up to 2024, Kenya’s approach to cryptocurrency regulation was multifaceted, involving various legal frameworks and regulatory bodies. The landscape was marked by the emergence of new legislation alongside existing laws, reflecting Kenya’s evolving stance towards the growing influence of digital currencies. Regulatory Framework Kenya’s...

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...

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...

As of 2023, the legislative landscape for cryptocurrencies in Guinea was characterized by a notable absence of specific regulations or legal frameworks governing the use of digital currencies. This lack of clear guidelines placed cryptocurrencies in a legal gray area within the country. Absence of Official Stance or Ban...

Absence of Specific Cryptocurrency Regulations As of the end of 2022, Tonga did not have specific laws or regulations that prohibited the use of cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Cardano, USDT, XRP, and Monero. However, the country lacked comprehensive legislation governing the use and trading of...

Bahrain, as part of its ambition to become a leading FinTech hub in the region, implemented comprehensive regulations to govern and license crypto-asset services. This proactive stance towards cryptocurrency regulation was spearheaded by the Central Bank of Bahrain (CBB), reflecting the country’s commitment to fostering a secure and innovative...

In the years leading up to 2024, Kyrgyzstan experienced a significant evolution in its approach to regulating cryptocurrencies. The nation, recognizing the growing popularity of blockchain technologies and cryptocurrencies, embarked on developing and introducing laws and instruments to regulate these emerging technologies. The Law on Virtual Assets One of...

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...

As of the years leading up to 2024, Kosovo’s approach to cryptocurrency regulation was primarily shaped by its energy crisis and the challenges posed by the increasing popularity of cryptocurrency mining in the country. Government Stance and Regulatory Actions Energy Crisis and Cryptocurrency Mining Ban: In January 2022, facing...