Topics

Assess the current stage of exploration, development, or deployment of a Central Bank Digital Currency (CBDC) by the country's monetary authority.

Assess whether using domestic credit or debit cards for purchasing cryptocurrency is generally permitted by financial regulations and common banking practices.

Assess the regulations and restrictions governing the transfer of cryptocurrencies across the country's borders (inbound and outbound).

Assess whether Anti-Money Laundering (AML) and Know Your Customer (KYC) controls are legally mandated for entities handling cryptocurrency transactions (e.g., Virtual Asset Service Providers, Financial Institutions).

Assess the overall country-level Anti-Money Laundering / Counter-Terrorist Financing (AML/CFT) risk specifically associated with cryptocurrency activities, considering factors like regulatory framework, enforcement effectiveness, volume of illicit transactions, and international assessments.

Assess whether any companies whose primary business involves operating a cryptocurrency exchange are publicly listed and traded on a domestic stock exchange within the jurisdiction, or have formally announced plans to do so.

Assess the perceived efficiency, clarity, and speed of the process for obtaining any mandatory crypto-specific licenses or registrations for businesses (e.g., VASP license), based on available information or reported experiences.

Assess the legal and regulatory status of engaging in cryptocurrency mining activities within the jurisdiction.

Assess the legal and regulatory status of using cryptocurrencies as a means of payment for goods and services within the jurisdiction.

Assess the status and nature of the tax regime specifically applicable to cryptocurrency transactions and holdings within the jurisdiction.

Assess whether regulated Financial Institutions (FIs), such as banks or trust companies, are legally permitted to offer cryptocurrency custody services to their clients.

Assess the legal and regulatory approach towards Decentralized Finance (DeFi) services and protocols operating within or accessible from the jurisdiction.

Assess whether any formal government or regulatory enforcement actions (e.g., warnings, fines, sanctions, arrests, legal proceedings) have been publicly reported against cryptocurrency businesses or individuals within the jurisdiction, and note the general severity.

The country's status based on the Financial Action Task Force (FATF) assessments regarding its Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regime.

Assess whether regulated Financial Institutions (FIs) are legally permitted to offer services related to cryptocurrencies to their clients (e.g., buying/selling, custody, advisory, crypto-linked accounts).

Assess the specific legal and regulatory permissions or restrictions governing the channels used by individuals to convert fiat currency into cryptocurrency (e.g., regulations affecting exchanges, banks facilitating transfers, payment methods).

Assess the legal and regulatory framework governing Initial Coin Offerings (ICOs) and other forms of crypto token issuance within the jurisdiction.

Assess whether any cryptocurrency has been granted official legal tender status by the government, meaning it must be legally accepted for the settlement of all debts.

Assess the prevailing tone and direction of public statements made by key government officials, regulators, and central bankers regarding cryptocurrencies and blockchain technology.

Assess whether individual citizens and residents are legally permitted to own (possess/hold) cryptocurrencies.

Select the primary reason or driving force behind the country's current regulatory direction or stance regarding cryptocurrencies. (Note: This simplifies complex situations where multiple factors may apply).

Assess the existence and nature of the regulatory authority or authorities responsible for overseeing cryptocurrency activities within the jurisdiction.

Assess the overall direction of recent and anticipated changes in the country's regulatory stance and framework concerning cryptocurrencies.

Assess whether individual citizens and residents in the country are legally permitted to buy, sell, and hold cryptocurrencies. Detail the regulatory environment surrounding this activity (e.g., KYC/AML requirements imposed on platforms, general warnings issued)

Assess the existence and nature of specific regulations, laws, or formal guidance governing stablecoins (e.g., related to issuance, reserve requirements, licensing, usage).

Whether Virtual Asset Service Providers (VASPs) must register or be licensed to operate legally within the jurisdiction.