As cryptocurrency’s transformation from speculative investment to a balanced portfolio stablemate continues to gather pace, governments around the world remain divided on how to regulate the emerging asset class. Below, we break down the current digital currency regulatory landscape by country.
- As cryptocurrency has become a more significant factor in the global investment landscape, countries have taken different approaches to regulating the asset class.
- Despite the prevelance of crytpocurrency in the United States, the country hasn’t yet developed a clear regulatory framework.
- The patchwork of regulations in other countries means that cryptocurrencies are subject to different classifications and tax treatments around the world.
Despite a large number of cryptocurrency investors and blockchain firms in the United States, the country hasn’t yet developed a clear regulatory framework for the asset class. The Securities and Exchange Commission (SEC) typically views cryptocurrency as a security, while the Commodity Futures Trading Commission (CFTC) calls Bitcoin (BTCUSD) a commodity, and Treasury calls it a currency. Crypto exchanges in the United