Category: Pre-2024 Worldwide Legislation

Prior to 2024, Guinea-Bissau’s stance on cryptocurrencies was marked by a significant lack of specific legal frameworks and regulations. In this West African nation, the legality of cryptocurrencies like Bitcoin, Ethereum, Litecoin, Dogecoin, Tether, Cardano, USDT, XRP, and Monero was not explicitly defined by law. This absence of specific...

Singapore’s approach to cryptocurrency regulation prior to 2024 was marked by a structured system governing digital payment token (DPT) providers under the Payment Services Act (PSA). The PSA, introduced in 2019, established a cohesive regulatory framework for DPT service providers in Singapore, overseen by the Monetary Authority of Singapore...

Before 2023, Croatia had a legal framework that allowed for the use, purchase, sale, and trading of cryptocurrencies, although these digital assets were not recognized as legal tender. The legislative and regulatory landscape was shaped by several key aspects: Legal Status of Cryptocurrencies: Cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin,...

In the period leading up to 2024, South Sudan presented a unique case in the cryptocurrency regulatory landscape, characterized by a lack of specific laws or regulations, an undefined legal status, and several associated risks and opportunities. Absence of Specific Cryptocurrency Laws As of the latest information available in...

As of 2023, Fiji’s approach to cryptocurrency regulation remains relatively undeveloped and complex. The country had not enacted specific regulations or legislation directly governing digital currencies, which led to a controversial legal status for cryptocurrencies in Fiji. This regulatory uncertainty was further complicated by various government actions and public...

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...

Prior to 2024, India’s approach to cryptocurrency regulation underwent significant developments, marking a shift towards a more structured and vigilant regulatory environment. The country’s actions reflected its efforts to balance the innovative potential of digital assets with the need to mitigate risks and ensure financial stability. Integration into Anti-Money...

In the period leading up to 2024, Indonesia’s approach to cryptocurrency regulation was multifaceted, reflecting its cautious yet progressive stance towards the burgeoning sector. The country recognized the potential of cryptocurrencies as trading assets or commodities, but stopped short of allowing their use as official currencies for transactions. Regulatory...

The legislative landscape for cryptocurrencies in Denmark before 2023 was characterized by a nuanced and comprehensive approach, with a focus on integrating digital currencies within the existing financial and legal frameworks. Classification and Regulation: In Denmark, cryptocurrencies had to be classified either as a form of payment, a capital...

Sri Lanka, navigating its economic recovery from the global pandemic, explored the potential of cryptocurrency and blockchain technology as a means to strengthen its economy. The country’s stance towards cryptocurrency regulation before 2024 presents a blend of caution, interest in innovation, and the pursuit of a regulatory framework suited...