Lets take a look at the legality of Bitcoin by country. It’s been surprising to see regulators take a wait-and-see approach with Bitcoin with many, including myself, expecting heavy handed regulation to come fast and hard for this industry. The ICO craze of 2017 and subsequent parabolic BTC price move made this a huge topic of conversation throughout the finance world and gave regulators a lot to think about. We’ve see a congressional hearing in the United States focus on Bitcoin and what approach to take with regulation, as well as EU Parliment resulting in a slightly favorable ruling. This map, courtesy of coin.dance, shows the varying degrees of Bitcoin legality across the world.
It will be interesting to compare this map with cryptocurrency hubs that drive adoption and investment. We’ve already seen Puerto Rico and Switzerland become hotspots for blockchain companies….is Seoul or another under the radar city next? Let us know!
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