The world’s governments see different the situation about crypto market. For the crypto market, it was easier until the governments got involved. Since the governments decided to involve, it begun the regulations for cryptocurrencies and especially for initial coin offerings.

This movement of the governments is different from country to country. The rules are different in every country, but the idea is the same for everyone: to make a regulation related to the crypto market.

Asia

In the tech-savvy region Japan plays an important role after introducing a system for digital-asset exchanges. Singapore thinks that cryptocurrencies are an “experiment”. Taiwan is still waiting to see what happens with the cryptocurrencies, while Philippines thinks to make its own rules for ICOs.

China has changed its strategy. Once, it was the leader on the crypto market, but now China is blocking the Bitcoin miners. It also doesn’t permit anymore the online access to overseas trading platforms. South Korea, who become one of the most important in the crypto activity last year, is very permissive with the laws. In India, the government people think that cryptocurrencies are not legal.

 

Americas

 

A Congress from February highlighted that the most exchanges from US takes a place in a legal grey area. Even though, the Securities and Exchange Commission has decided to regulate from ICOs to cryptocurrencies.

Canada thinks that ICOs may become securities and will represent a high-risk. Brazil’s regulator has banned the funds from cryptocurrencies investment because considers that cryptocurrencies aren’t a financial asset.

 

Europe

At European level, one of the most important regulation that’s already in the pipeline: platforms that exchange virtual currencies for conventional money will soon have to verify the identity of their customers.

Germany took the position of cracking down the trading exchanges that don’t have permission to offer services. French authorities think that online platforms for trading should be reported.

Russia gave a legislation to ban the cryptocurrencies payment, but it is allowing the ICOs and the exchange of virtual currencies.

 

Africa

The majority of states from Africa are in the grey area for cryptocurrencies regulation.

The monetary authorities from Zimbabwe has warned about the venture of “money laundering, terrorism financing, tax evasion and fraud”, because the people trade cryptocurrencies and use them for remittance payments.

In Kenya, the Bitcoin and other cryptocurrencies have grown their popularity.  In Nigeria the cryptocurrencies market doesn’t have regulations  yet, but this situation maybe will change.