Regulation of Cryptocurrency Around the World

[MrFreeRoMan]

Regulation of Cryptocurrency
Around the World

You can find a list of 130 countries in this document.

Regulation of Cryptocurrency
Around the World

[uszaty43]

This is a clear sign of the upcoming victory of when blockchain technology and cryptocurrency would be accepted. Payment with digital currencies are surely the future y'all, stick around for a while and you would see the vision of Satoshi been materialized.

[davis196]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

[MrFreeRoMan]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Better to let everything be green

[traderethereum]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Better to let everything be green

It will happen in the future, I guess
But we need to be patient, and we need to wait for the time to answer.
Meanwhile, we don't have to think about where bitcoin can be accepted because as long as we can use bitcoin for the transaction on the internet, then we don't have to worry or afraid.
Soon, the other country which is not accepting bitcoin will start to learn about bitcoin, and they will accept bitcoin like the other country.

[poodle63]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Better to let everything be green

Don't rush. that will not happen until all of the major countries declared crypto as a legal payment system or give it a legal framework. Most of the red countries are coming from 3rd countries. They are still feeling worried about the risk in the cryptocurrency. that's fine to see that happen.
They will be changed into the green after almost the whole of countries will be adopting crypto.

[Beerwizzard]

This rating is such a crap. Bitcoin is legal literally everywhere because it could only be considered as illegal if you can be arrested for holding cryptocurrencies. If there is no legal support or someone from the top politicians in the country said something against BTC then it doesn't mean that cryptocurrencies are illegal.

[alyssa85]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Saudi has banned it because their whole economy is based on the petrodollar. Their thinking is probably, "crypto undermines the dollar which undermines the petrodollar which would be bad for saudi".

[MrFreeRoMan]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Better to let everything be green

Don't rush. that will not happen until all of the major countries declared crypto as a legal payment system or give it a legal framework. Most of the red countries are coming from 3rd countries. They are still feeling worried about the risk in the cryptocurrency. that's fine to see that happen.
They will be changed into the green after almost the whole of countries will be adopting crypto.

In principle, I agree with you! But this will not happen quite soon, as some countries are decades ahead of the country with great technological progress! But I suppose no one will wait for them, it will come to them later!

[Haunebu]

This rating is such a crap. Bitcoin is legal literally everywhere because it could only be considered as illegal if you can be arrested for holding cryptocurrencies. If there is no legal support or someone from the top politicians in the country said something against BTC then it doesn't mean that cryptocurrencies are illegal.

I do agree that it is impossible to ban crypto completely no matter how hard governments try, but the diagram represents how majority of the countries are willing to regulate it while minority are trying to ban it. 3rd world countries like India, China are scared that crypto could undermine their power which is why they outright banned it.

[Ailmand]

Cryptocurrencies are illegal in mostly poor authoritarian countries(Saudi Arabia isn't poor,but it's definitely authoritarian).We don't need the support of such countries(maybe except China) and let's hope that no country form the green area will move to the red area.

Better to let everything be green

It will happen in the future, I guess
But we need to be patient, and we need to wait for the time to answer.
Meanwhile, we don't have to think about where bitcoin can be accepted because as long as we can use bitcoin for the transaction on the internet, then we don't have to worry or afraid.
Soon, the other country which is not accepting bitcoin will start to learn about bitcoin, and they will accept bitcoin like the other country.

It's a long and skeptical process for Bitcoin to reach most countries but it isn't impossible. If we'll see the continuous development of Bitcoin, bigger countries are now willing to adopt and regulate it. If that will happen, it will influence other countries even those who are banning it. There are just developing countries which can't adopt it this early but that's acceptable.

[Marry Finch]

In general, the distribution map of cryptocurrency around the world looks good. Of the 130 countries in only ten, circulation of cryptocurrency is prohibited. At a time when a cryptocurrency is not only a “foreign” currency for all states, but also not supported by any state with its assets, this is very good for it for the first ten years of its existence.
In the future, the situation with the legalization of cryptocurrency will still change. In many ways, its further legalization will depend on the position of world states. In the meantime, the European Union and the G-20 countries are quite sympathetic to cryptocurrency, although they recognize that it must be regulated to avoid the undesirable consequences of its malicious use.

[Slow death]

many countries that are green do not legalize bitcoin only allow the use of bitcoin and that is something that maybe these countries are doing just to give them time to observe bitcoin so that in the future they can decide whether to legalize or not legalize bitcoin. We have to be happy only on the day that the richest countries of the world legalize bitcoin because with this the poorer countries will follow the same path. Of course we should not expect anything good coming from countries like china, russia, bolivia and vietnam

[dothebeats]

This looks good, and it will look better as soon as some of those greyed-out countries turn green. I bet that this would get kicktstarted by promoting cryptocurencies from the countries that already recognize crypto as something good and something that can be used alongside fiat and other assets. It'll have a domino effect once the majority of the world starts using/recognizing bitcoin, and we're slowly inching towards just that.

[Kemarit]

@Slow death is right, some countries that are in green doesn't mean they have legalized crypto in general. Mostly they don't have clear laws or regulations that's why crypto is flowing and being enjoyed by their population. But as far as those countries that are against crypto, I doubt that they will change their hard line stance, unless their is a chance in their government. Let them do that anyways, we all know that crypto is unstoppable and it's their loss if they want to join this revolution.

[DeadCoin]

Wish, down the line in three to five years, countries who have betrayed crypto, should reconsider getting into crypto giving green signal by looking into the benefits they would receive out of crypto. Though the countries ave denied Bitcoin, its corporate have adapted / integrated Blockchain into their systems. I am sure, this adaption would slowly cover the government into crypto as majority of a nation's growth is dependent on it corporate companies.

[MrFreeRoMan]

... But as far as those countries that are against crypto, I doubt that they will change their hard line stance, unless their is a chance in their government.

But governments will not stop unless they receive money from this

Here's a fresh reminder of the savagery that still exists in our world, the need for sound money, the need for privacy/anonymity, and the need for a non-physical store of value that can be hidden in plain sight (Bitcoin)

https://tftc.io/martys-bent/issue-362/

[rizkyhiw]

So it's time to talk now as they begin to follow in the footsteps of the country that first took a positive step towards developing crypto currencies, it is true that everything becomes green in the future with all processes being passed, surely the government will always pay attention because they might want to secure their inhabitants from risk or indeed there must be something to pay for, this is positive all for the sake of progress don't let crypto die in the middle of the road but I assume that it won't happen.

[salty]

Judging by the green color on the cryptocurrency card, it will soon really become a ubiquitous means of payment. Being interested in cryptocurrency, I began to love the green color very much!

[Harlot]

When I see that China and Indonesia are part of the countries who says Bitcoin or cryptocurrencies are illegal I instantly know that this map is inaccurate. You see this os what you get when you are basing your information based on Wikipedia or from any other misleading news out there. China has been open in cryptocurrencies for a long time noew they even have two popular exchanges namely Huobit and OKEX whoch has one of the top daily traded volumes they even have their own misleading crypto ratings up for discussion. Indonesia on the other hand have classofied cryptocurrencies as a commodity and therefore can now be traded like stocks in their country.