Mauritius, known for its picturesque landscapes and burgeoning fintech sector, has actively engaged in developing a regulatory framework for cryptocurrencies. This framework, guided by a series of strategic milestones and the enactment of the Virtual Asset and Initial Token Offering Services Act 2021 (VAITOS Act), illustrates the country’s commitment...

Malaysia’s approach to cryptocurrency regulation prior to 2024 was characterized by an increasing need for clarity and structure in response to the global surge in cryptocurrency adoption. While the country did not recognize digital assets as legal tender, it categorized them as a form of securities, laying the groundwork...

As the world of cryptocurrency continually evolved, Lithuania emerged as a notable player in shaping regulations for virtual asset service providers (VASPs) within the European Union. By the period leading up to 2024, Lithuania had developed a comprehensive legal framework, primarily focused on anti-money laundering (AML) and counter-terrorist financing...

As of the years leading up to 2024, Lebanon’s stance towards cryptocurrencies can be characterized as cautious and evolving, with a focus on risk management and consumer protection. Central Bank’s Position and Warnings Early Warnings and Concerns: The Banque du Liban (BDL), Lebanon’s central bank, had been issuing warnings...

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...

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...

Switzerland, renowned for its robust financial sector and progressive economic policies, has emerged as a global leader in the cryptocurrency space. Prior to 2024, the country developed a comprehensive and forward-thinking approach to regulating cryptocurrencies and blockchain technology, fostering innovation while ensuring stability and security in financial transactions. Government...

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...

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...

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...