Global Crypto Regulation
Overview of crypto regulation by country — from bans to most progressive frameworks.
Crypto regulation differs dramatically between countries — from complete bans to the world's most progressive frameworks.
Categories:
Most progressive:
•El Salvador — Bitcoin legal tender (2021)
•UAE (Dubai) — VARA crypto regulation, crypto-friendly hub
•Singapore — MAS licensing, clear rules
•Switzerland — "Crypto Valley" Zug, banking access to crypto
•Liechtenstein — pioneering Blockchain Act
Moderate (established frameworks):
•EU — MiCA regulation (2024)
•UK — FCA crypto framework
•Australia — ASIC rules
•Japan — FSA exchange licensing since 2017
Restrictive:
•China — banned crypto trading and mining (2021)
•India — 30% tax + TDS on every crypto transaction
•Turkey — banned paying with crypto
USA:
•Regulatory uncertainty — SEC vs CFTC jurisdiction
•Bitcoin ETF approved (January 2024)
•Ether ETF approved (May 2024)
•SAB 121 problem — banks can't hold crypto
Serbia:
•Digital Assets Law (2021)
•Cryptocurrencies legal investment instrument
•Taxes: 15% capital gains