Category: Pre-2024 Worldwide Legislation

Before 2023, the Central African Republic (CAR) took a significant step in the regulation of cryptocurrencies, distinguishing itself as a notable example in the African and global context. Adoption of Crypto Assets as Legal Tender: On April 22, 2022, the CAR Parliament adopted Law n°22.004, a groundbreaking legislation that...

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...

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....

As Seychelles, an archipelago in the western Indian Ocean, gradually emerged as a noteworthy player in the crypto asset space, its legal framework for regulating these digital assets, including Initial Coin Offerings (ICOs), was still in development stages. The regulatory environment for crypto assets was relatively lenient, with ICOs...

As the world of digital assets grows, Ghana’s approach towards the regulation of cryptocurrencies has been cautious yet forward-looking. Prior to 2024, Ghana’s financial authorities maintained a firm stance on the use of cryptocurrencies within its financial system, deeming it illegal. This directive, reinforced by the Minister of State...

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...

As of the period leading up to 2023, the legislative landscape for cryptocurrencies in Comoros was characterized by a notable absence of specific laws or regulatory frameworks governing the use, trading, or mining of digital currencies. Absence of Specific Cryptocurrency Laws: In Comoros, there was no specific law that...

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...

As of 2023, China’s stance on cryptocurrency has been characterized by a complex and somewhat contradictory approach. The country, known for its stringent regulatory environment, has taken significant steps to both recognize and restrict the use of cryptocurrencies. Ban on Crypto Transactions and Mining China intensified its crackdown on...

As of the end of 2022, the Solomon Islands’ approach towards cryptocurrencies remained relatively undefined in terms of specific legislation. This Pacific archipelago nation had not yet fully integrated digital currencies into its legal and financial systems, resulting in a landscape where cryptocurrencies existed in a legal grey area....