DeFi Intel

Jurisdiction Guides

200 jurisdiction profiles from the DeFi Intel research desk: 20 long-form deep-dives (2,000–3,500 words each, listed first) and 180 programmatic country profiles covering the rest of ISO 3166. Curated profiles include regulator, framework, tax, travel-rule and enforcement detail; skeleton profiles are placeholders pending research-desk curation.

Crypto legal status by country (2026)

As of July 2026, of the 120 jurisdictions with full fact-checked profiles: crypto is legal in 70, banned in 11, and restricted or hold-only in 19, with 20 major-market profiles in a narrative format. Every row links to the full profile with sources.

CountryLegal?StatusPrimary regulatorReviewed
AlbaniaYesLegal — Law 66/2020 licence frameworkAFSA · Bank of Albania (under MiCA-style draft)2026-07-14
AlgeriaNoBanned — fully criminalizedCriminal statute — no licensing authority2026-07-14
AndorraYesLegal · regulated (Law 24/2022)AFA · Autoritat Financera Andorrana2026-07-14
ArgentinaSee profile2026-05-03
ArmeniaYesLegal — CBA licence requiredCentral Bank of Armenia (CBA)2026-07-14
AustraliaSee profile2026-05-03
AustriaYesLegal — MiCA fully operational, 10 home-state CASPsFinanzmarktaufsicht (FMA) — sole MiCA competent authority2026-07-14
BahamasYesLegalSecurities Commission of The Bahamas (SCB)2026-05-03
BahrainYesLegal — CBB-licensedCentral Bank of Bahrain (CBB)2026-07-12
BangladeshNoBannedBangladesh Bank2026-05-03
BarbadosYesLegalCentral Bank of Barbados (CBB)2026-05-03
BelarusYesLegal via HTP regimeHi-Tech Park (HTP) · National Bank2026-07-12
BelgiumYesLegal — MiCA in forceFSMA (conduct + CASP authorisation) & National Bank of Belgium (prudential)2026-07-14
BoliviaYesLegalBanco Central de Bolivia (BCB) / Autoridad de Supervisión del Sistema Financiero (ASFI)2026-05-03
BotswanaYesLegal under an NBFIRA VASP licenceNBFIRA (Non-Bank Financial Institutions Regulatory Authority)2026-07-14
BrazilSee profile2026-05-03
BulgariaYesLegal — MiCA in force via CAMA (8 Jul 2025)FSC (CASPs & ART issuers); BNB for e-money tokens2026-07-14
CambodiaRestrictedRestricted — bank exposure cappedNational Bank of Cambodia (NBC)2026-07-12
CanadaSee profile2026-05-03
Cayman IslandsSee profile2026-05-03
ChileYesLegal and regulated — Ley Fintec (Law 21.521)2026-07-14
ChinaNoBanned — trading, payments, issuancePeople's Bank of China (PBOC)2026-07-14
ColombiaPartiallyLegal to hold and trade — unregulatedSFC (financial system) / UIAF (AML)2026-07-14
Costa RicaYesLegal — not legal tender; VASP AML registration incomingSUGEF (with CONASSIF, BCCR, ICD Financial Intelligence Unit)2026-07-14
CroatiaYesLegal — MiCA (EU)Hanfa (Croatian Financial Services Supervisory Agency)2026-07-14
CubaYesLegal — BCC-licensed VASP regimeBanco Central de Cuba (BCC)2026-07-14
CyprusYesLegal — MiCA fully operativeCySEC — MiCA competent authority2026-07-14
Czech RepublicYesLegal — MiCA operational, 11 home-state CASPsCzech National Bank (ČNB) — MiCA authority; FAÚ for AML2026-07-14
DenmarkYesLegalFinanstilsynet (Danish FSA)2026-07-14
EcuadorPartiallyLegal to hold and trade — not legal tender or authorized paymentBanco Central del Ecuador (BCE); Superintendencia de Compañías, Valores y Seguros; Superintendencia de Bancos2026-07-14
EgyptNoBanned — criminal offence without CBE approvalCentral Bank of Egypt (CBE) / FRA2026-07-14
El SalvadorYesLegal — voluntary tenderCNAD (Comisión Nacional de Activos Digitales)2026-07-12
EstoniaYesLegal — MiCA CASP regime; legacy FIU VASP era closedFinantsinspektsioon (Financial Supervision and Resolution Authority) — MiCA competent authority; FIU handles AML/CTF2026-07-14
EthiopiaRestrictedPayments and P2P trading banned; mining licensedNational Bank of Ethiopia (NBE); INSA for mining2026-07-14
European UnionSee profile2026-05-03
FinlandYesLegalFinanssivalvonta (FIN-FSA)2026-07-14
FranceSee profile2026-05-03
GeorgiaYesLegal — registered VASPsNational Bank of Georgia (NBG)2026-07-12
GermanySee profile2026-05-03
GhanaYesLegal — Act 1154 enacted; licensing window not yet openBank of Ghana (VARO) / Securities and Exchange Commission Ghana (SEC)2026-07-14
GreeceYesLegal — MiCA applies; no domestic CASP authorised yetHellenic Capital Market Commission (HCMC); Bank of Greece for EMT/ART prudential2026-07-14
Hong KongSee profile2026-05-03
HungaryPartiallyLegal to hold — but unauthorised exchange criminalised; regime in fluxMagyar Nemzeti Bank (MNB) for MiCA; SARA/SZTFH for validation2026-07-14
IcelandYesLegal — MiCA (EEA)Central Bank of Iceland2026-07-14
IndiaSee profile2026-05-03
IndonesiaYesLegalOtoritas Jasa Keuangan (OJK) — since Jan 2025; Bappebti (legacy)2026-07-14
IranRestrictedRestricted — CBI-supervised trading; payments bannedCentral Bank of Iran (CBI)2026-07-14
IraqNoProhibited for banks & payment firms; individuals in legal grey areaCentral Bank of Iraq (CBI)2026-07-14
IrelandYesLegal — MiCA in force; national transition ended 30 Dec 2025Central Bank of Ireland — MiCA competent authority since 8 Nov 20242026-07-14
IsraelYesLegal — licensed under 2016 Financial Services LawIsrael Securities Authority (ISA) / Capital Market, Insurance and Savings Authority (CMISA)2026-07-14
ItalyYesLegal — MiCA in force; national transition ended 30 June 2026CONSOB (conduct; CASP authorisation) / Banca d’Italia (prudential; EMT-ART)2026-07-14
JamaicaYesLegal but unregulated (VASP bill in consultation)FSC (proposed VASP authority) · Bank of Jamaica (CBDC/monetary)2026-07-14
JapanSee profile2026-05-03
JordanYesLegal via JSC-licensed VASPsJordan Securities Commission (JSC)2026-07-14
KazakhstanYesLegal via licensed venues (AIFC)AFSA (AIFC) · National Bank of Kazakhstan2026-07-12
KenyaYesLegal — VASP Act 2025 in force; licensing not yet openCentral Bank of Kenya (CBK) + Capital Markets Authority (CMA) — split mandate2026-07-14
KosovoRestrictedLegal to hold/trade; grid mining banned; CASO licensing liveCentral Bank of the Republic of Kosovo (CBK / BQK)2026-07-14
KuwaitNoBanned — absolute prohibitionCentral Bank of Kuwait · Capital Markets Authority2026-07-14
KyrgyzstanYesLegal — licensed under the Law on Virtual AssetsFinancial Market Regulation and Supervision Service2026-07-14
LatviaYesLegal — MiCA (EU)Bank of Latvia (Latvijas Banka)2026-07-14
LiechtensteinYesLegal — MiCAR + TVTGFMA (Financial Market Authority) Liechtenstein2026-07-12
LithuaniaYesLegal — MiCA (EU)Bank of Lithuania2026-07-12
LuxembourgYesLegal — MiCA (EU)CSSF (Commission de Surveillance du Secteur Financier)2026-07-12
MalaysiaYesLegal — regulated as securitiesSecurities Commission Malaysia (SC)2026-07-14
MaltaYesLegal — MiCA-authorised CASP regimeMalta Financial Services Authority (MFSA)2026-07-14
Marshall IslandsPartiallyLegal to hold; VASP licences not issuedBanking Commissioner · Registrar of Corporations / MIDAO2026-07-14
MauritiusYesLegal — FSC-licensedFinancial Services Commission (FSC) Mauritius2026-07-12
MexicoSee profile2026-05-03
MonacoYesLegal — CCAF licensing regime (Law 1.528)CCAF · AMSF (AML/CFT)2026-07-14
MongoliaYesLegal — FRC registration requiredFinancial Regulatory Commission (FRC)2026-07-14
MontenegroYesLegal — CASP registration regime (AML law)Capital Market Authority · Central Bank of Montenegro (CBCG)2026-07-14
MoroccoNoBanned — 2017 exchange-control prohibition still in forceBank Al-Maghrib (BAM) / AMMC / Office des Changes2026-07-14
MyanmarNoIllegal — all digital-currency trading bannedCentral Bank of Myanmar (CBM)2026-07-14
NamibiaYesRegulated via BoN licence; not legal tenderBank of Namibia (Regulatory Authority)2026-07-14
NepalNoBanned — all virtual-asset activity illegalNepal Rastra Bank (NRB)2026-07-14
NetherlandsYesLegal — MiCA fully operational; AFM licensing since 30 Dec 2024AFM (CASP licensing & conduct) / DNB (EMT-ART issuers, prudential)2026-07-14
New ZealandYesLegal — existing laws applied, no bespoke crypto regime2026-07-14
NigeriaSee profile2026-05-03
North KoreaNoNo lawful framework · comprehensively sanctionedNone — no domestic crypto regime2026-07-14
NorwayYesLegal — MiCA-regulated via the EEAFinanstilsynet (Financial Supervisory Authority of Norway); EEA-level powers at the EFTA Surveillance Authority2026-07-14
OmanYesRegistration regime; full framework pendingFinancial Services Authority (ex-CMA) · Central Bank of Oman2026-07-14
PakistanNoBannedState Bank of Pakistan (SBP) / Securities and Exchange Commission (SECP)2026-05-03
PanamaYesLegal but unregulated — no crypto-specific statute in forceNo dedicated crypto regulator — SMV, SBP and UAF apply existing law2026-07-14
ParaguayPartiallyLegal to hold — no comprehensive lawSEPRELAD (AML) · Central Bank of Paraguay2026-07-14
PeruPartiallyLegal to hold and trade — AML registration only, no market licenceSBS & UIF-Perú (AML); SMV and BCRP by remit2026-07-14
PhilippinesYesLegal — dual BSP/SEC licence regimeBangko Sentral ng Pilipinas (BSP) / SEC2026-07-14
PolandYesLegal — but no domestic CASP licensing (MiCA deadlock)KNF — not yet formally designated as MiCA competent authority2026-07-14
PortugalYesLegal — MiCA operational since Dec 2025; first CASP Jun 2026Banco de Portugal (authorisation/prudential) + CMVM (conduct/market abuse)2026-07-14
QatarRestrictedRestricted — crypto trading bannedQatar Central Bank · QFC Regulatory Authority2026-07-12
RomaniaYesLegal — but no domestic CASP licensing (implementation stalled)ASF — not designated as MiCA competent authority; BNR for e-money/EMT2026-07-14
RussiaRestrictedRestricted — property, not paymentBank of Russia (CBR) / Federal Tax Service2026-07-14
San MarinoYesLegal · authorised/registered firmsBCSM (crypto-assets) · San Marino Innovation (Type B / DLT register)2026-07-14
Saudi ArabiaRestrictedRestricted — no licensing regimeSaudi Central Bank (SAMA) / Capital Market Authority (CMA)2026-07-14
SerbiaYesLegal — licensed regimeNational Bank of Serbia · Securities Commission2026-07-14
SeychellesYesLegal — FSA licence required (VASP Act 2024)Financial Services Authority (FSA)2026-07-14
SingaporeSee profile2026-05-03
SlovakiaYesLegal — MiCA (EU)National Bank of Slovakia (NBS)2026-07-14
SloveniaYesLegal — MiCA (EU)Securities Market Agency (ATVP)2026-07-14
South AfricaYesLegal — CASP licence regime in forceFinancial Sector Conduct Authority (FSCA) / South African Reserve Bank (SARB)2026-07-14
South KoreaSee profile2026-05-03
SpainYesLegal — MiCA in force; transition runs to 1 July 2026CNMV (CASPs, other crypto-assets) / Banco de España (EMT-ART issuers)2026-07-15
Sri LankaRestrictedRestricted — unregulated, FX-rule limitsCentral Bank of Sri Lanka (CBSL)2026-07-14
SwedenYesLegal — MiCA in force, FI licensingFinansinspektionen (FI) — MiCA competent authority2026-07-14
SwitzerlandSee profile2026-05-03
TaiwanYesLegal — licence regime enactedFinancial Supervisory Commission (FSC)2026-07-12
TanzaniaPartiallyNot authorised (BoT 2019 notice) — but taxed & court-enforceableBank of Tanzania (BoT)2026-07-14
ThailandYesLegal — SEC licence regime since 2018Securities and Exchange Commission Thailand (Thai SEC)2026-07-14
TurkeyRestrictedRestricted — trading regulated, payments bannedCapital Markets Board of Türkiye (SPK) / MASAK (AML)2026-07-14
UgandaPartiallyNot legal tender; barred as a payment instrumentBank of Uganda · Capital Markets Authority · FIA (AML)2026-07-14
UkrainePartiallyLegal to hold — framework not yet in forceNBU + second regulator to be designated (NSSMC contender) — open question in Bill 10225-d2026-07-14
United Arab EmiratesSee profile2026-05-03
United KingdomSee profile2026-05-03
United StatesSee profile2026-05-03
UruguayYesLegalBanco Central del Uruguay (BCU) — via Superintendencia de Servicios Financieros (SSF)2026-07-14
UzbekistanYesLegal via NAPP-licensed providers onlyNAPP · Central Bank of Uzbekistan (stablecoin sandbox)2026-07-14
VanuatuYesLegal; VASP activity licensed by VFSCVanuatu Financial Services Commission (VFSC)2026-07-14
VenezuelaYesLegal but state-controlled; regulator in fluxSUNACRIP — Superintendencia Nacional de Criptoactivos y Actividades Conexas2026-07-14
VietnamSee profile2026-05-03
ZambiaPartiallyUnregulated · not legal tenderBank of Zambia · SEC Zambia (framework in development)2026-07-14
ZimbabweYesLegal — FIU registration mandatoryRBZ Financial Intelligence Unit · SECZ2026-07-14

Download this data: CSV (CC BY 4.0) · all datasets.

United States

2026-04-30 · 12 min read · 2,520 words

The United States entered 2026 with the most consequential crypto-policy reset since the original 2013 FinCEN guidance. The Trump administration's Securities and Exchange Commission, now chaired by Paul Atkins, has un…

European Union

2026-04-30 · 12 min read · 2,515 words

The European Union is, as of 2026, the only G20 jurisdiction operating a comprehensive end-to-end crypto regulatory framework. The Markets in Crypto-Assets Regulation, MiCA, has been fully applicable since December 30…

Singapore

2026-04-30 · 12 min read · 2,510 words

Singapore is the most credible crypto jurisdiction in Asia by every measurable proxy: bank-counterparty access, sovereign-grade institutional pilots, talent density, regulatory communication quality, and license scarc…

United Arab Emirates

2026-04-30 · 12 min read · 2,515 words

The United Arab Emirates has, since 2022, executed the most aggressive sovereign push to attract crypto operators in the world. Three crypto-relevant regulators — the Virtual Asset Regulatory Authority (VARA) covering…

Hong Kong

2026-04-30 · 12 min read · 2,510 words

Hong Kong's 2022 policy reset — formally announced in the October 2022 Policy Statement on Virtual Assets — repositioned the Special Administrative Region as a deliberate competitor to Singapore and Dubai for global c…

United Kingdom

2026-04-30 · 12 min read · 2,520 words

The United Kingdom in 2026 is the largest English-speaking, common-law crypto jurisdiction outside North America, and its regulatory posture has crystallised meaningfully since the Financial Services and Markets Act 2…

Japan

2026-04-30 · 12 min read · 2,515 words

Japan operates the world's longest-running comprehensive crypto regulatory regime — the Payment Services Act amendments of April 2017 made Japan the first major economy to formally license cryptoasset exchanges and re…

Switzerland

2026-04-30 · 12 min read · 2,510 words

Switzerland's reputation as the most institutionally credible neutral crypto jurisdiction is underwritten by FINMA — the Swiss Financial Market Supervisory Authority — and a carefully sequenced legislative programme c…

Brazil

2026-04-30 · 12 min read · 2,515 words

Brazil is Latin America's deepest, most regulated and most institutionally significant crypto market. Roughly 22 million Brazilians held cryptoassets at end-2025 according to Receita Federal data — a higher penetratio…

South Korea

2026-04-30 · 12 min read · 2,520 words

South Korea is one of the most active retail cryptoasset markets globally — over 7 million Korean adults hold cryptoassets according to Financial Services Commission data, more than 13% of the population. The Virtual …

Canada

2026-04-30 · 12 min read · 2,510 words

Canada is the most institutionally credible mid-tier crypto jurisdiction in the Western hemisphere, defined by the early-mover advantage of approving the world's first spot Bitcoin ETF in February 2021 and undermined …

Australia

2026-04-30 · 12 min read · 2,515 words

Australia is one of the most consequential mid-tier crypto jurisdictions globally, defined by a dual-regulator framework — the Australian Securities and Investments Commission (ASIC) for financial services and markets…

India

2026-04-30 · 12 min read · 2,510 words

India operates the most internally contradictory crypto policy of any G20 jurisdiction: the Reserve Bank of India remains institutionally hostile, the Ministry of Finance has imposed punitive tax treatment that has cr…

Cayman Islands

2026-04-30 · 12 min read · 2,515 words

The Cayman Islands is the dominant offshore domicile for crypto hedge funds, foundation companies, token-issuing structures, and DeFi-protocol legal entities globally — likely housing more crypto-native fund formation…

Argentina

2026-04-30 · 12 min read · 2,510 words

Argentina is the most consequential Latin American crypto jurisdiction by per-capita adoption, defined by chronic peso instability that has driven mass cryptoasset use as a USD-substitute and inflation hedge for nearl…

Germany

2026-04-30 · 12 min read · 2,520 words

Germany is the EU's largest crypto market by capital deployed and the second-largest by retail account count, defined by the influential and rigorous regulatory posture of the Bundesanstalt für Finanzdienstleistungsau…

France

2026-04-30 · 12 min read · 2,510 words

France is the institutional epicentre of EU cryptoasset regulation by every relevant proxy — population of authorised entities, regulatory thought-leadership, native stablecoin issuance, banking-tier crypto operations…

Mexico

2026-04-30 · 12 min read · 2,510 words

Mexico is the second-largest Latin American crypto market by capital deployed and population reached, defined by the Ley para Regular las Instituciones de Tecnología Financiera (Ley Fintech) of 2018 — Latin America's …

Vietnam

2026-04-30 · 12 min read · 2,510 words

Vietnam is paradoxically among the world's highest-adoption cryptoasset jurisdictions and one of its least-regulated, consistently ranking in the top 5 of the Chainalysis Global Crypto Adoption Index since 2021. Appro…

Nigeria

2026-04-30 · 12 min read · 2,515 words

Nigeria is Africa's largest cryptoasset market by every relevant proxy: population reached, capital deployed, transaction volumes, and per-capita adoption (consistently ranking in top 10 of the Chainalysis Global Cryp…

All 200 jurisdictions

Programmatic profiles for the remaining 180 ISO 3166 jurisdictions. Curated entries (top 50 markets) include regulator, framework, tax, travel-rule and enforcement detail. Skeleton entries are placeholders pending research-desk curation.

AndorraSKELETON

Europe · ISO AD · Andorra la Vella

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

AfghanistanSKELETON

Asia · ISO AF · Kabul

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

Antigua and BarbudaSKELETON

Americas · ISO AG · Saint John's

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

AlbaniaSKELETON

Europe · ISO AL · Tirana

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

ArmeniaSKELETON

Asia · ISO AM · Yerevan

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

AngolaSKELETON

Africa · ISO AO · Luanda

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

AustriaCURATED

Europe · ISO AT · Vienna

Legal status. Primary regulator: Finanzmarktaufsicht (FMA).

AzerbaijanSKELETON

Asia · ISO AZ · Baku

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

Bosnia and HerzegovinaSKELETON

Europe · ISO BA · Sarajevo

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

BarbadosCURATED

Americas · ISO BB · Bridgetown

Legal status. Primary regulator: Central Bank of Barbados (CBB).

BangladeshCURATED

Asia · ISO BD · Dhaka

Banned status. Primary regulator: Bangladesh Bank.

BelgiumCURATED

Europe · ISO BE · Brussels

Legal status. Primary regulator: Financial Services and Markets Authority (FSMA) / National Bank of Belgium (NBB).

Burkina FasoSKELETON

Africa · ISO BF · Ouagadougou

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

BulgariaCURATED

Europe · ISO BG · Sofia

Legal status. Primary regulator: Financial Supervision Commission (FSC).

BahrainSKELETON

Asia · ISO BH · Manama

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

BurundiSKELETON

Africa · ISO BI · Gitega

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

BeninSKELETON

Africa · ISO BJ · Porto-Novo

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

BruneiSKELETON

Asia · ISO BN · Bandar Seri Begawan

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

BoliviaCURATED

Americas · ISO BO · Sucre

Legal status. Primary regulator: Banco Central de Bolivia (BCB) / Autoridad de Supervisión del Sistema Financiero (ASFI).

BahamasCURATED

Americas · ISO BS · Nassau

Legal status. Primary regulator: Securities Commission of The Bahamas (SCB).

BhutanSKELETON

Asia · ISO BT · Thimphu

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

BotswanaSKELETON

Africa · ISO BW · Gaborone

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

BelarusSKELETON

Europe · ISO BY · Minsk

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

BelizeSKELETON

Americas · ISO BZ · Belmopan

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

Democratic Republic of the CongoSKELETON

Africa · ISO CD · Kinshasa

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Central African RepublicSKELETON

Africa · ISO CF · Bangui

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Republic of the CongoSKELETON

Africa · ISO CG · Brazzaville

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Côte d'IvoireSKELETON

Africa · ISO CI · Yamoussoukro

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

ChileCURATED

Americas · ISO CL · Santiago

Legal status. Primary regulator: Comisión para el Mercado Financiero (CMF) / Banco Central de Chile.

CameroonSKELETON

Africa · ISO CM · Yaoundé

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

ChinaCURATED

Asia · ISO CN · Beijing

Banned status. Primary regulator: People's Bank of China (PBOC).

ColombiaCURATED

Americas · ISO CO · Bogotá

Legal status. Primary regulator: Superintendencia Financiera de Colombia (SFC).

Costa RicaCURATED

Americas · ISO CR · San José

Legal status. Primary regulator: Superintendencia General de Entidades Financieras (SUGEF).

CubaSKELETON

Americas · ISO CU · Havana

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

Cabo VerdeSKELETON

Africa · ISO CV · Praia

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

CyprusCURATED

Asia · ISO CY · Nicosia

Legal status. Primary regulator: Cyprus Securities and Exchange Commission (CySEC).

Czech RepublicCURATED

Europe · ISO CZ · Prague

Legal status. Primary regulator: Czech National Bank (ČNB) / Financial Analytical Office (FAÚ).

DjiboutiSKELETON

Africa · ISO DJ · Djibouti

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

DenmarkCURATED

Europe · ISO DK · Copenhagen

Legal status. Primary regulator: Finanstilsynet (Danish FSA).

DominicaSKELETON

Americas · ISO DM · Roseau

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

Dominican RepublicSKELETON

Americas · ISO DO · Santo Domingo

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

AlgeriaSKELETON

Africa · ISO DZ · Algiers

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

EcuadorCURATED

Americas · ISO EC · Quito

Restricted status. Primary regulator: Banco Central del Ecuador (BCE).

EstoniaCURATED

Europe · ISO EE · Tallinn

Legal status. Primary regulator: Financial Intelligence Unit Estonia (FIU) / Finantsinspektsioon.

EgyptCURATED

Africa · ISO EG · Cairo

Banned status. Primary regulator: Central Bank of Egypt (CBE) / Dar al-Ifta.

EritreaSKELETON

Africa · ISO ER · Asmara

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

SpainCURATED

Europe · ISO ES · Madrid

Legal status. Primary regulator: Comisión Nacional del Mercado de Valores (CNMV) / Banco de España.

EthiopiaCURATED

Africa · ISO ET · Addis Ababa

Banned status. Primary regulator: National Bank of Ethiopia (NBE).

FinlandCURATED

Europe · ISO FI · Helsinki

Legal status. Primary regulator: Finanssivalvonta (FIN-FSA).

FijiSKELETON

Oceania · ISO FJ · Suva

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

MicronesiaSKELETON

Oceania · ISO FM · Palikir

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

GabonSKELETON

Africa · ISO GA · Libreville

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

GrenadaSKELETON

Americas · ISO GD · Saint George's

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

GeorgiaSKELETON

Asia · ISO GE · Tbilisi

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

GhanaCURATED

Africa · ISO GH · Accra

Restricted status. Primary regulator: Bank of Ghana (BoG) / Securities and Exchange Commission Ghana (SEC).

GambiaSKELETON

Africa · ISO GM · Banjul

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

GuineaSKELETON

Africa · ISO GN · Conakry

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Equatorial GuineaSKELETON

Africa · ISO GQ · Malabo

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

GreeceCURATED

Europe · ISO GR · Athens

Legal status. Primary regulator: Hellenic Capital Market Commission (HCMC) / Bank of Greece.

GuatemalaSKELETON

Americas · ISO GT · Guatemala City

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

Guinea-BissauSKELETON

Africa · ISO GW · Bissau

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

GuyanaSKELETON

Americas · ISO GY · Georgetown

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

HondurasSKELETON

Americas · ISO HN · Tegucigalpa

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

CroatiaSKELETON

Europe · ISO HR · Zagreb

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

HaitiSKELETON

Americas · ISO HT · Port-au-Prince

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

HungaryCURATED

Europe · ISO HU · Budapest

Legal status. Primary regulator: Magyar Nemzeti Bank (MNB).

IndonesiaCURATED

Asia · ISO ID · Jakarta

Legal status. Primary regulator: Otoritas Jasa Keuangan (OJK) / Bappebti (legacy).

IrelandCURATED

Europe · ISO IE · Dublin

Legal status. Primary regulator: Central Bank of Ireland (CBI).

IsraelCURATED

Asia · ISO IL · Jerusalem

Legal status. Primary regulator: Israel Securities Authority (ISA) / Capital Markets, Insurance and Savings Authority (CMISA).

IraqSKELETON

Asia · ISO IQ · Baghdad

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

IranSKELETON

Asia · ISO IR · Tehran

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

IcelandSKELETON

Europe · ISO IS · Reykjavík

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

ItalyCURATED

Europe · ISO IT · Rome

Legal status. Primary regulator: Banca d'Italia / CONSOB / OAM.

JamaicaSKELETON

Americas · ISO JM · Kingston

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

JordanSKELETON

Asia · ISO JO · Amman

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

KenyaCURATED

Africa · ISO KE · Nairobi

Restricted status. Primary regulator: Capital Markets Authority (CMA) / Central Bank of Kenya (CBK).

KyrgyzstanSKELETON

Asia · ISO KG · Bishkek

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

CambodiaSKELETON

Asia · ISO KH · Phnom Penh

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

KiribatiSKELETON

Oceania · ISO KI · Tarawa

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

ComorosSKELETON

Africa · ISO KM · Moroni

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Saint Kitts and NevisSKELETON

Americas · ISO KN · Basseterre

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

North KoreaSKELETON

Asia · ISO KP · Pyongyang

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

KuwaitSKELETON

Asia · ISO KW · Kuwait City

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

KazakhstanSKELETON

Asia · ISO KZ · Astana

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

LaosSKELETON

Asia · ISO LA · Vientiane

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

LebanonSKELETON

Asia · ISO LB · Beirut

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

Saint LuciaSKELETON

Americas · ISO LC · Castries

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

LiechtensteinSKELETON

Europe · ISO LI · Vaduz

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

Sri LankaSKELETON

Asia · ISO LK · Colombo

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

LiberiaSKELETON

Africa · ISO LR · Monrovia

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

LesothoSKELETON

Africa · ISO LS · Maseru

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

LithuaniaSKELETON

Europe · ISO LT · Vilnius

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

LuxembourgSKELETON

Europe · ISO LU · Luxembourg

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

LatviaSKELETON

Europe · ISO LV · Riga

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

LibyaSKELETON

Africa · ISO LY · Tripoli

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

MoroccoCURATED

Africa · ISO MA · Rabat

Banned status. Primary regulator: Bank Al-Maghrib (BAM) / Office des Changes.

MonacoSKELETON

Europe · ISO MC · Monaco

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

MoldovaSKELETON

Europe · ISO MD · Chișinău

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

MontenegroSKELETON

Europe · ISO ME · Podgorica

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

MadagascarSKELETON

Africa · ISO MG · Antananarivo

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Marshall IslandsSKELETON

Oceania · ISO MH · Majuro

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

North MacedoniaSKELETON

Europe · ISO MK · Skopje

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

MaliSKELETON

Africa · ISO ML · Bamako

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

MyanmarSKELETON

Asia · ISO MM · Naypyidaw

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

MongoliaSKELETON

Asia · ISO MN · Ulaanbaatar

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

MauritaniaSKELETON

Africa · ISO MR · Nouakchott

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

MaltaCURATED

Europe · ISO MT · Valletta

Legal status. Primary regulator: Malta Financial Services Authority (MFSA).

MauritiusSKELETON

Africa · ISO MU · Port Louis

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

MaldivesSKELETON

Asia · ISO MV · Malé

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

MalawiSKELETON

Africa · ISO MW · Lilongwe

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

MalaysiaCURATED

Asia · ISO MY · Kuala Lumpur

Legal status. Primary regulator: Securities Commission Malaysia (SC).

MozambiqueSKELETON

Africa · ISO MZ · Maputo

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

NamibiaSKELETON

Africa · ISO NA · Windhoek

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

NigerSKELETON

Africa · ISO NE · Niamey

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

NicaraguaSKELETON

Americas · ISO NI · Managua

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

NetherlandsCURATED

Europe · ISO NL · Amsterdam

Legal status. Primary regulator: De Nederlandsche Bank (DNB) / Autoriteit Financiële Markten (AFM).

NorwayCURATED

Europe · ISO NO · Oslo

Legal status. Primary regulator: Finanstilsynet (Financial Supervisory Authority).

NepalSKELETON

Asia · ISO NP · Kathmandu

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

NauruSKELETON

Oceania · ISO NR · Yaren

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

New ZealandCURATED

Oceania · ISO NZ · Wellington

Legal status. Primary regulator: Financial Markets Authority (FMA) / Inland Revenue Department (IRD).

OmanSKELETON

Asia · ISO OM · Muscat

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

PanamaCURATED

Americas · ISO PA · Panama City

Legal status. Primary regulator: Superintendencia del Mercado de Valores (SMV).

PeruCURATED

Americas · ISO PE · Lima

Legal status. Primary regulator: Superintendencia de Banca, Seguros y AFP (SBS).

Papua New GuineaSKELETON

Oceania · ISO PG · Port Moresby

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

PhilippinesCURATED

Asia · ISO PH · Manila

Legal status. Primary regulator: Bangko Sentral ng Pilipinas (BSP) / SEC.

PakistanCURATED

Asia · ISO PK · Islamabad

Banned status. Primary regulator: State Bank of Pakistan (SBP) / Securities and Exchange Commission (SECP).

PolandCURATED

Europe · ISO PL · Warsaw

Legal status. Primary regulator: Komisja Nadzoru Finansowego (KNF) / Ministry of Finance.

PalestineSKELETON

Asia · ISO PS · Ramallah

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

PortugalCURATED

Europe · ISO PT · Lisbon

Legal status. Primary regulator: Comissão do Mercado de Valores Mobiliários (CMVM) / Banco de Portugal.

PalauSKELETON

Oceania · ISO PW · Ngerulmud

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

ParaguaySKELETON

Americas · ISO PY · Asunción

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

QatarSKELETON

Asia · ISO QA · Doha

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

RomaniaCURATED

Europe · ISO RO · Bucharest

Legal status. Primary regulator: Autoritatea de Supraveghere Financiară (ASF) / National Bank of Romania (BNR).

SerbiaSKELETON

Europe · ISO RS · Belgrade

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

RussiaCURATED

Europe · ISO RU · Moscow

Restricted status. Primary regulator: Bank of Russia (CBR) / Federal Tax Service.

RwandaSKELETON

Africa · ISO RW · Kigali

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Saudi ArabiaCURATED

Asia · ISO SA · Riyadh

Restricted status. Primary regulator: Saudi Central Bank (SAMA) / Capital Market Authority (CMA).

Solomon IslandsSKELETON

Oceania · ISO SB · Honiara

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

SeychellesSKELETON

Africa · ISO SC · Victoria

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

SudanSKELETON

Africa · ISO SD · Khartoum

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

SwedenCURATED

Europe · ISO SE · Stockholm

Legal status. Primary regulator: Finansinspektionen (FI).

SloveniaSKELETON

Europe · ISO SI · Ljubljana

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

SlovakiaSKELETON

Europe · ISO SK · Bratislava

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

Sierra LeoneSKELETON

Africa · ISO SL · Freetown

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

San MarinoSKELETON

Europe · ISO SM · San Marino

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

SenegalSKELETON

Africa · ISO SN · Dakar

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

SomaliaSKELETON

Africa · ISO SO · Mogadishu

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

SurinameSKELETON

Americas · ISO SR · Paramaribo

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

South SudanSKELETON

Africa · ISO SS · Juba

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

São Tomé and PríncipeSKELETON

Africa · ISO ST · São Tomé

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

El SalvadorSKELETON

Americas · ISO SV · San Salvador

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

SyriaSKELETON

Asia · ISO SY · Damascus

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

EswatiniSKELETON

Africa · ISO SZ · Mbabane

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

ChadSKELETON

Africa · ISO TD · N'Djamena

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

TogoSKELETON

Africa · ISO TG · Lomé

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

ThailandCURATED

Asia · ISO TH · Bangkok

Legal status. Primary regulator: Securities and Exchange Commission Thailand (Thai SEC).

TajikistanSKELETON

Asia · ISO TJ · Dushanbe

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

Timor-LesteSKELETON

Asia · ISO TL · Dili

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

TurkmenistanSKELETON

Asia · ISO TM · Ashgabat

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

TunisiaSKELETON

Africa · ISO TN · Tunis

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

TongaSKELETON

Oceania · ISO TO · Nuku'alofa

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

TurkeyCURATED

Asia · ISO TR · Ankara

Restricted status. Primary regulator: Capital Markets Board of Türkiye (SPK).

Trinidad and TobagoSKELETON

Americas · ISO TT · Port of Spain

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

TuvaluSKELETON

Oceania · ISO TV · Funafuti

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

TaiwanSKELETON

Asia · ISO TW · Taipei

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

TanzaniaSKELETON

Africa · ISO TZ · Dodoma

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

UkraineCURATED

Europe · ISO UA · Kyiv

Legal status. Primary regulator: National Securities and Stock Market Commission (NSSMC) / National Bank of Ukraine (NBU).

UgandaSKELETON

Africa · ISO UG · Kampala

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

UruguayCURATED

Americas · ISO UY · Montevideo

Legal status. Primary regulator: Banco Central del Uruguay (BCU).

UzbekistanSKELETON

Asia · ISO UZ · Tashkent

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

Vatican CitySKELETON

Europe · ISO VA · Vatican City

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

Saint Vincent and the GrenadinesSKELETON

Americas · ISO VC · Kingstown

Skeleton profile. Americas. Crypto regulation pending detailed coverage.

VenezuelaCURATED

Americas · ISO VE · Caracas

Restricted status. Primary regulator: Superintendencia Nacional de Criptoactivos (SUNACRIP).

VanuatuSKELETON

Oceania · ISO VU · Port Vila

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

SamoaSKELETON

Oceania · ISO WS · Apia

Skeleton profile. Oceania. Crypto regulation pending detailed coverage.

KosovoSKELETON

Europe · ISO XK · Pristina

Skeleton profile. Europe. Crypto regulation pending detailed coverage.

YemenSKELETON

Asia · ISO YE · Sana'a

Skeleton profile. Asia. Crypto regulation pending detailed coverage.

South AfricaCURATED

Africa · ISO ZA · Pretoria

Legal status. Primary regulator: Financial Sector Conduct Authority (FSCA) / South African Reserve Bank (SARB).

ZambiaSKELETON

Africa · ISO ZM · Lusaka

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

ZimbabweSKELETON

Africa · ISO ZW · Harare

Skeleton profile. Africa. Crypto regulation pending detailed coverage.

Subscribe to DeFi Intel research

One weekly email summarising every new paper review, incident post-mortem, jurisdiction guide and chain deep-dive. Free tier; Pro for the analyst-grade breakdowns.