For roughly half the world’s population – residing 75 countries across the globe – cryptocurrency is legal.
For the other half, cryptocurrency is either completely or partially banned by the government.
Here’s an Interactive Map of where cryptocurrency is legal and where it is either fully or partly banned.
The map includes a search function, and it provides information on taxation regulations, anti-money laundering laws, and counter-financing of terrorism laws. The data is from the Global Legal Research Directorate at the Law Library of Congress, state archives, and various legal databases.
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International Interactive Crypto Map
“Only two countries have given Bitcoin legal tender status — El Salvador and the Central African Republic,” writes attorney Sharon Nelson of Sensei Enterprises Inc. “The most common regulations define how crypto will be taxed, assist authorities in flagging suspicious account activity and ensuring money is not used to fund terrorists.”
“American officials are talking about crypto,” Nelson writes. “In the US Senate, Republican Cynthia Lummis and Democrat Kirsten Gillibrand are pushing the Responsible Financial Innovation Act, an attempt to bring order to the crypto world by switching regulatory duties from the SEC to the Commodity Futures Trading Commission, establishing rules for crypto companies, and creating consumer protections. I expect we’ll see a lot of cryptocurrency laws passed in the next year and more federal regulations in place.”
Read “Where is Cryptocurrency Legal? Here’s an Interactive Map” here.
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