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 <p class="is-style-lead">More than half of the world’s countries have legalized cryptocurrency, according to a new report from the analytical platform CoinGecko.</p> 
 <p>The analysis showed that digital assets were approved by 119 states and 4 UK overseas territories. Thus, over 60% of countries in the world have legalized cryptocurrencies.</p> 
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 <p>At the forefront of the adoption process is the European region, where 39 out of 41 countries (95%) have legalized digital assets. The exceptions were North Macedonia, where the circulation of crypto-assets is prohibited, and Moldova, which has not yet determined its legal status.</p> 
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 <p>In the Americas, 24 countries have legalized cryptocurrencies, accounting for 77.4% of all countries in the region. Bolivia has officially banned digital assets, while Guatemala, Haiti, Nicaragua, Paraguay, Uruguay, and Guyana have not taken a position on this issue.</p> 
 <p>Asia showed a similar percentage of approval of cryptocurrencies. Here, 77.7% of countries have legalized the use of digital assets. The smallest percentage of global legalization occurred in African states. Only 38.6% of countries in the region approved the use of these assets.</p> 
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 <p>Analysts note that the legalization of cryptocurrencies and the final regulation of digital assets are two different things. Of the 119 countries mentioned in the report, only 62 (52.1%) have prepared comprehensive legislation on this issue.</p> 
 <p>Compared to 2018, the number of states that provided legislative regulation of cryptocurrencies increased by 53.2%.</p> 
 <p>Of the 62 <a rel="dofollow" title="countries" href="https://thebittimes.com/tag/countries.html">countries</a> leading the way in implementing digital <a rel="dofollow" title="asset" href="https://thebittimes.com/tag/asset.html">asset</a> laws, 38 are individual states outside the blocs, and 22 are part of the European Union. The remaining four are British overseas territories.</p> 
 <p>CoinGecko experts note that half of the <a rel="dofollow" title="countries" href="https://thebittimes.com/tag/countries.html">countries</a> that have <a rel="dofollow" title="legalized" href="https://thebittimes.com/tag/legalized.html">legalized</a> <a rel="dofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currencies have not implemented a reliable regulatory framework. This raises potential concerns about investor protection and a lack of clarity for businesses operating in the industry, analysts said.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/coingecko-reveals-that-over-half-of-countries-globally-have-legalized-crypto-assets-tbt72935.html">https://thebittimes.com/coingecko-reveals-that-over-half-of-countries-globally-have-legalized-crypto-assets-tbt72935.html</a></p>

CoinGecko reveals that over half of countries globally have legalized crypto assets

TheBitTimes

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