Category: Pre-2024 Worldwide Legislation

Ukraine’s legislative landscape for cryptocurrencies before 2023 is an exemplary case of how a country can evolve its legal framework to accommodate the rapidly expanding world of digital finance. As a nation known for its robust IT sector and technological prowess, Ukraine’s approach to regulating cryptocurrencies was characterized by...

As of the years leading up to 2023, the legislative landscape for cryptocurrencies in Sudan was marked by a lack of specific regulation, coupled with a general caution advised by the Central Bank of Sudan. This article explores the key elements of Sudan’s approach to cryptocurrency regulation during this...

Belarus emerged as a progressive player in the blockchain and cryptocurrency domain prior to 2024. The country’s regulatory framework evolved significantly, reflecting its commitment to fostering a conducive environment for digital assets and blockchain technology. In 2017, Belarus made a significant leap in cryptocurrency regulation with the passage of...

Prior to 2024, Serbia’s legislative environment for cryptocurrencies underwent significant developments, reflecting a shift towards legal recognition and structured regulation. The country’s approach towards digital assets evolved from a general absence of specific laws to the implementation of the comprehensive “Law on Digital Assets” (LDA). Legalization and Regulation of...

The legislative landscape for cryptocurrencies in the Federated States of Micronesia (FSM) before 2023 presents an interesting case of a small island nation navigating the emerging world of digital finance. Like many smaller countries, Micronesia’s approach to cryptocurrency regulation was developing, marked by a blend of cautious observation and...

The United Arab Emirates (UAE) has been at the forefront of financial innovation and technological adoption in the Middle East, and its approach to cryptocurrency regulation before 2023 is a testament to this. The UAE’s legislative landscape for cryptocurrencies was characterized by a progressive, yet cautious, approach, aiming to...

The legislative environment for cryptocurrencies in Syria leading up to 2023 was marked by a significant lack of clarity and specific regulation. This article explores the key aspects of Syria’s approach to cryptocurrency regulation during this period. Ambiguous Legal Status In Syria, the legal status of cryptocurrencies such as...

As of 2023, Bhutan’s approach to cryptocurrencies remained cautious and largely unregulated. The country’s central bank, the Royal Monetary Authority (RMA), had been wary of cryptocurrencies since 2014. This caution was evident in the RMA’s warning that Bitcoin and other cryptocurrencies were not considered legal tender in Bhutan and...

Dominica, a small island nation in the Caribbean, has had an intriguing journey with cryptocurrency regulation up until the end of 2022. Unlike many countries that have either strictly regulated or outright banned cryptocurrencies, Dominica’s approach to digital currencies has been markedly different. The Laissez-Faire Approach As of the...

The legislative landscape for cryptocurrencies in Montenegro prior to 2023 provides an insightful view into how a small, emerging European economy grappled with the rapidly evolving world of digital finance. Montenegro’s approach to regulating cryptocurrencies was shaped by a mix of cautious governmental oversight, the aim to align with...