Since 2020, 47 countries have relaxed crypto laws, signaling global regulatory shifts. Meanwhile, four countries have tightened measures.
Overview of Cryptocurrency Regulation Changes
According to research data, since 2020, 47 countries have eased their cryptocurrency laws, showing a trend toward mainstream acceptance. In contrast, four countries adopted stricter measures or imposed outright bans. The Turkish Capital Markets Board announced new documents to improve compliance and control over crypto assets.
Country Achievements and Collaborations
Amid global regulatory changes, El Salvador's National Digital Assets Commission and Paraguay's SEPRELAD signed a cooperation agreement on cryptocurrency regulations. This reflects broader efforts to align regional regulatory frameworks for cryptocurrencies.
Impact on Bitcoin Market and Prospects
According to CoinMarketCap, Bitcoin's price stands at $82,239.95, with a market cap of $1,631,994,456,089. There has been a 21.27% price drop in the last 60 days, reflecting mixed signals from governments. Coincu's research team suggests that the evolving regulatory landscape may enhance crypto's institutional appeal, potentially leading to market expansion.
Global cryptocurrency regulatory changes may reshape market participation and operational compliance, boosting institutional interest and market impact.
