Global Crypto Regulations
Your Guide to Worldwide Cryptocurrency Laws
Explore comprehensive crypto regulations and compliance requirements across different jurisdictions. Stay informed about the latest cryptocurrency regulatory frameworks, digital asset laws, and policy updates worldwide.
United Kingdom
Regulatory Body
Financial Conduct Authority (FCA)
Recent Developments
The FCA announced a comprehensive regulatory framework for crypto firms, including capital requirements, insider trading rules, and execution standards. Implementation targeted for 2026.
United States
Regulatory Body
SEC, CFTC, IRS
Recent Developments
The IRS has intensified scrutiny of cryptocurrency transactions. New rules effective in 2025 will mandate brokers to report sale proceeds to the IRS, with cost basis information included by 2026.
Russia
Regulatory Body
Central Bank of Russia
Recent Developments
Russia banned cryptocurrency mining in several Siberian regions to prevent winter power shortages. This measure affects areas near Lake Baikal and annexed regions of Ukraine.
European Union
Regulatory Body
European Commission
Recent Developments
The EU's Markets in Crypto-Assets (MiCA) regulation is set to apply from December 30, 2024, establishing a comprehensive framework for digital assets across member states.
Japan
Regulatory Body
Financial Services Agency (FSA)
Recent Developments
Crypto exchanges must register with the FSA and comply with Anti-Money Laundering and Countering the Financing of Terrorism obligations. The JVCEA oversees industry standards.
El Salvador
Regulatory Body
Central Reserve Bank
Recent Developments
Bitcoin is legal tender since 2021, allowing its use for various transactions, including paying taxes. Despite government initiatives, adoption rates remain low at 7.5%.
China
Regulatory Body
People's Bank of China
Recent Developments
China has imposed strict regulations prohibiting cryptocurrency trading and mining activities. The government has also introduced the Digital Yuan, a central bank digital currency.
India
Regulatory Body
Reserve Bank of India (RBI)
Recent Developments
India has implemented regulations concerning taxation and AML/CFT for cryptocurrencies. Proposed legislation aims to create a legal framework for crypto-assets.
Brazil
Regulatory Body
Central Bank of Brazil
Recent Developments
Brazil has established regulations for cryptocurrency exchanges and requires compliance with AML/CFT standards. The government is exploring the development of a CBDC.
South Korea
Regulatory Body
Financial Services Commission (FSC)
Recent Developments
South Korea requires digital asset managers, providers, and exchanges to register with the Korea Financial Intelligence Unit and comply with AML/CFT regulations.
Australia
Regulatory Body
Australian Securities and Investments Commission (ASIC)
Recent Developments
Australia has announced plans to release new cryptocurrency regulations in 2024, focusing on consumer protection and market integrity.
Canada
Regulatory Body
Canadian Securities Administrators (CSA)
Recent Developments
Canada requires crypto trading platforms to register as securities dealers and comply with AML/CFT regulations. The CSA has issued guidance on securities laws application.
Singapore
Regulatory Body
Monetary Authority of Singapore (MAS)
Recent Developments
Singapore regulates cryptocurrency under the Payment Services Act, requiring exchanges to obtain licenses and comply with AML/CFT requirements.
Switzerland
Regulatory Body
Swiss Financial Market Supervisory Authority (FINMA)
Recent Developments
Switzerland applies anti-money laundering laws to cryptocurrency businesses and may require a banking license in certain situations.
Turkey
Regulatory Body
Central Bank of the Republic of Turkey
Recent Developments
In April 2021, Turkey banned the use of cryptocurrencies and crypto-assets for making purchases, citing significant transaction risks.
United Arab Emirates
Regulatory Body
Securities and Commodities Authority (SCA)
Recent Developments
The UAE has established a regulatory framework for crypto-assets, requiring exchanges to register and comply with AML/CFT regulations.
Nigeria
Regulatory Body
Central Bank of Nigeria (CBN)
Recent Developments
In February 2021, the CBN prohibited financial institutions from facilitating cryptocurrency transactions. Despite the ban, cryptocurrency trading continues through peer-to-peer platforms.
Germany
Regulatory Body
Federal Financial Supervisory Authority (BaFin)
Recent Developments
Cryptocurrencies are recognized as financial instruments. Businesses offering crypto custody services must obtain BaFin approval, with strict AML/CFT compliance requirements.
France
Regulatory Body
Autorité des Marchés Financiers (AMF)
Recent Developments
Crypto-asset providers must register with the AMF and adhere to AML/CFT rules. France supports the EU MiCA framework, with specific guidelines for ICOs to protect investors.
Saudi Arabia
Regulatory Body
Saudi Arabian Monetary Authority (SAMA)
Recent Developments
Cryptocurrency trading operates in a regulatory gray area. Focus remains on blockchain technology, with ongoing exploration of CBDC development with the UAE.
Indonesia
Regulatory Body
Commodity Futures Trading Regulatory Agency (Bappebti)
Recent Developments
Cryptocurrencies are regulated as commodities. Crypto exchanges must register with Bappebti and comply with operational standards, with stricter licensing rules introduced in 2023.
Mexico
Regulatory Body
Comisión Nacional Bancaria y de Valores (CNBV)
Recent Developments
The Fintech Law governs crypto exchanges, requiring registration and AML compliance. Cryptocurrencies are not recognized as legal tender, with recent proposals for increased taxation.
South Africa
Regulatory Body
Financial Sector Conduct Authority (FSCA)
Recent Developments
Cryptocurrencies are categorized as financial products. Crypto exchanges must register with FSCA and comply with financial sector regulations.
Argentina
Regulatory Body
Central Bank of Argentina (BCRA)
Recent Developments
No specific cryptocurrency regulations, but exchanges must adhere to AML laws. Cryptocurrencies are treated as property for taxation purposes.
Vietnam
Regulatory Body
State Bank of Vietnam (SBV)
Recent Developments
Cryptocurrencies are banned as a means of payment. Trading and holding cryptocurrencies are legal but operate without clear regulation.
Israel
Regulatory Body
Israel Securities Authority (ISA)
Recent Developments
Cryptocurrencies are taxed as financial assets, with a 25% capital gains tax. Businesses must comply with AML and taxation laws.
Malaysia
Regulatory Body
Securities Commission Malaysia (SCM)
Recent Developments
Crypto exchanges must register with SCM and comply with strict guidelines. Only approved digital assets can be traded on regulated platforms.
Chile
Regulatory Body
Financial Market Commission (CMF)
Recent Developments
Cryptocurrencies are not recognized as legal tender. The CMF has issued warnings about the risks of investing in digital assets, with no specific regulatory framework for exchanges.
Colombia
Regulatory Body
Superintendence of Finance of Colombia (SFC)
Recent Developments
Cryptocurrencies are not recognized as legal tender. Financial institutions are prohibited from facilitating cryptocurrency transactions, and the SFC has issued risk warnings.
Norway
Regulatory Body
Financial Supervisory Authority of Norway (FSA)
Recent Developments
Cryptocurrencies are not recognized as legal tender but are treated as assets for taxation. The FSA oversees compliance with AML regulations for crypto-related businesses.
Iceland
Regulatory Body
Financial Supervisory Authority (FME)
Recent Developments
Cryptocurrency mining is popular due to cheap geothermal energy, but exchanges must comply with AML rules. Cryptocurrencies are not recognized as legal tender.
Pakistan
Regulatory Body
State Bank of Pakistan (SBP)
Recent Developments
Cryptocurrencies are banned for transactions. The SBP has issued warnings about the risks of investing in digital assets.
Kazakhstan
Regulatory Body
National Bank of Kazakhstan
Recent Developments
Cryptocurrency mining is regulated, and Kazakhstan is one of the world's largest mining hubs. The government is working on a licensing framework for exchanges.
Poland
Regulatory Body
Polish Financial Supervision Authority (KNF)
Recent Developments
Cryptocurrencies are not recognized as legal tender but are treated as property for taxation. The KNF has issued warnings about the risks of cryptocurrency investments.
Portugal
Regulatory Body
Portuguese Tax and Customs Authority (AT)
Recent Developments
Cryptocurrencies are not subject to capital gains tax for individuals, making Portugal a tax haven for crypto enthusiasts. Businesses must comply with AML and financial regulations.
Estonia
Regulatory Body
Financial Intelligence Unit (FIU)
Recent Developments
Estonia is a crypto-friendly country with a robust licensing framework for exchanges and wallet providers. Strict AML and KYC requirements must be met.
Egypt
Regulatory Body
Central Bank of Egypt (CBE)
Recent Developments
Cryptocurrencies are banned under Islamic finance law due to their speculative nature. The CBE is exploring a Central Bank Digital Currency (CBDC).
New Zealand
Regulatory Body
Financial Markets Authority (FMA)
Recent Developments
Cryptocurrencies are treated as property for taxation. Exchanges must comply with AML and consumer protection regulations.
Ghana
Regulatory Body
Bank of Ghana (BoG)
Recent Developments
Cryptocurrencies are not recognized as legal tender. The BoG is studying blockchain technology and exploring a CBDC called the eCedi.