<div class="cryptonews"> 
 <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> 
 <figure class="wp-block-image size-full">
  <picture decoding="async" class="wp-image-14224735"> 
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/12/07/635076935eff261084b856cecdafe702.webp.webp"> 
   <img decoding="async" width="1432" height="1262" src="https://cdn.thebittimes.com/images/2023/12/07/635076935eff261084b856cecdafe702.webp" alt="CoinGecko reveals that over half of countries globally have legalized crypto assets - 1"> 
  </picture> 
  <figcaption class="wp-element-caption">
   Source: CoinGecko
  </figcaption>
 </figure> 
 <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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Analyst claims bear, bull cycles do not affect crypto adoption 
 </div> 
 <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> 
 <div class="wp-block-cover" style="min-height:557px">
  <span aria-hidden="true" class="wp-block-cover__background has-background-dim"></span><picture loading="lazy" decoding="async"> 
   <source type="image/webp" srcset="https://cdn.thebittimes.com/images/2023/12/07/d55e980f5b51660073c2b7acc6ffec71.webp.webp"> 
   <img loading="lazy" decoding="async" width="1024" height="895" class="wp-block-cover__image-background wp-image-14224737" alt="CoinGecko reveals that over half of countries globally have legalized crypto assets - 2" src="https://cdn.thebittimes.com/images/2023/12/07/d55e980f5b51660073c2b7acc6ffec71.webp" data-object-fit="cover"> 
  </picture> 
  <div class="wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow"> 
   <p class="has-text-align-center has-large-font-size"></p> 
  </div>
 </div> 
 <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> 
 <div class="cn-block-related-link"> 
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Web3 adoption: hype or reality? 
 </div> <span class="google-news-banner__label">Follow Us on Google News</span> 
</div> 
<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

Autres articles publiés le 7 déc. 2023

Liquidation: Its Forced Concept and Strategies to Avoid Getting Liquidated in Volatile Markets

Robinhood introduces commission-free crypto trading app

APT Coin Price: The Bulls are Surfing Through Moving Averages

Summoners League Master League Update!

Dogecoin's Big Secret Exposed by DOGE Cofounder, See Details

How this crypto trader turned 1 $ETH into $550,000 in 3 weeks

Join our free newsletter for daily crypto updates!