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Where is Cryptocurrency Legal? This World Map Tells You.

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It's banned in half the globe.

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.

Alta Pro Insurance Services keeps you informed on cutting-edge issues that affect your practice. Every week the Pro Practice Blog posts timely and topical dispatches from the risk management front lines. We spot looming risks – like the possibilities and potential perils of cryptocurrency – and give you advance warning. We identify promising trends – like Micro Self-Care, Cybersecurity Ethics, and the One-Page Business Plan – and give you the inside scoop. We bring you live CLE webinars on topics you request, most recently “Managing a Law Practice in Uncertain Times.” Please let us know how we can help your professional practice minimize risk and maximize reward. We’re here for you.

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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In an age of consolidation where increasingly impersonal transactions have made customer service an oxymoron, we bring together independent agents, insurance companies, and other industry specific service providers to develop and deliver insurance products and risk management solutions that benefit our insurance customers.

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