Overview As of the end of 2022, Turkmenistan’s approach to cryptocurrency regulation remained largely undefined, with the government maintaining a neutral stance on digital currencies. Lack of Specific Cryptocurrency Laws Neutral Government Stance: Turkmenistan had no explicit law banning or supporting the use of cryptocurrencies like Bitcoin, Ethereum, Litecoin,...

Overview The legislative environment for cryptocurrencies in Tunisia prior to 2024 was characterized by a lack of clear regulation, placing digital currencies in a legal grey area. Absence of Specific Cryptocurrency Regulations As of the end of 2022, Tunisia had not established any specific laws or regulations pertaining to...

Overview Trinidad and Tobago’s approach to cryptocurrency legislation and regulation prior to 2024 was characterized by caution and a lack of specific regulatory frameworks. The nation was relatively behind other Caribbean countries in implementing digital currency solutions, including the consideration of a Central Bank Digital Currency (CBDC). Regulatory Stance...

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...

Initial Skepticism and Caution In the early stages, the regulatory approach to cryptocurrencies in Tanzania was marked by skepticism and caution. In 2017, the Director of National Payment Systems of the Bank of Tanzania (BoT) declared that crypto assets were not recognized in the country. This stance was a...

Conflicting Perspectives and Regulations Sweden’s legal framework for cryptocurrencies prior to 2024 was marked by conflicting laws and contradictory policies. The Swedish Financial Supervisory Authority (SFSA) and Finansinspektionen (FI) warned about the risks and low consumer protections associated with cryptocurrency investments, citing difficulties in valuing cryptocurrencies credibly due to...

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...

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....

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 of the end of 2022, the legislative landscape for cryptocurrencies in Sao Tome and Principe remained largely undeveloped, characterized by a notable absence of specific laws or regulations governing the use, trading, or mining of digital currencies. This situation reflects a broader trend in many countries, particularly those...