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Cryptocurrency regulation: Here’s what countries around the world have done

Nov 25, 2021 03:08 PM IST

As India takes steps towards regulating or even banning cryptocurrencies, we take a look at the regulations adopted by countries around the world.

The Indian government has listed 26 Bills for the upcoming winter session of Parliament that is set to begin on November 29, and among these is the much-talked-about bill to regulate and restrict cryptocurrency in the country.

According to a PTI report, the Cryptocurrency and Regulation of Official Digital Currency Bill seeks to ban all but a few private cryptocurrencies to promote underlying technologies while allowing an official digital currency by the RBI.

The news led crypto stakeholders to urge the Centre on taking a “nuanced approach” towards regulating crypto assets in India.

Here are the regulations and rules implemented by countries around the world: