SIA FlyUni Labs: Market Research Reports

... Cryptocurrency Regulation Index (Doing Crypto Index) provides countries ranking according to the level of enabling environment for the implementation of business projects associated with blockchain and cryptocurrencies ...

Estonia. Index score: 7.84. Country Rank: 1. Rather Enabling Environment. Since 2017, Estonia has been one of the most frequently used jurisdictions for ... most favorable countries in the world for ICOs. Estonia views the blockchain technology and cryptocurrencies as the one of the priority dimensions for state ...

Australia. Index score: 7.82. Country Rank: 2. Rather Enabling Environment. The Australian regulators turned their attention to cryptocurrencies and blockchain technology quite early. As early as at the beginning of 2014 ...

... projects related to blockchain and cryptocurrencies started taking shape in Singapore in 2013. The Monetary Authority of Singapore (MAS) announced its intention to refrain from regulating cryptocurrencies, emphasizing the ...

United Kingdom. Index score: 7.31. Country Rank: 4. Rather Enabling Environment. The market for cryptocurrencies has operated in the UK since 2008, but without any regulation ... consumers. HM Treasury in 2018 announced plans to regulate trade in cryptocurrencies in the context of the disclosure of the identity ...

... prohibited in Japan and are regulated by Japanese legislation in case an ICO has characteristics of an investment. Overall, Japan makes an active use of the blockchain technology and cryptocurrencies in various ...

Switzerland. Index score: 7.13. Country Rank: 6. Rather Enabling Environment. Switzerland has recently become one of the main centers of the cryptocurrency ... basis for the regulation of issues related to blockchain projects and cryptocurrencies was laid in 2014 in the report of the Switzerland's Federal Council ...

Germany. Index score: 7.12. Country Rank: 7. Rather Enabling Environment. It took some time to start perceiving Germany as a country attractive for cryptocurrency ... legislative attempts to regulate the legal relations in the sphere of blockchain and cryptocurrencies. In 2017-2018, Germany started to evolve ...

Sweden. Index score: 6.93. Country Rank: 8. Rather Enabling Environment. In 2014 the Swedish ... of the UN and the World Bank. Sweden does not have any specific regulation that deals with cryptocurrencies. A number of agencies have issued statements ...

Denmark. Index score: 6.92. Country Rank: 9. Rather Enabling Environment. Denmark wants to be at the forefront of blockchain revolution in the European ... in Denmark not earlier than 2013. The Regulation is rather fragmentary and mostly favourable for blockchain activities and sometimes cryptocurrencies as well ...

... . In 2015-2016, South Korea was regarded as one of the most favourable places for the development of blockchain- and cryptocurrencies-related businesses. Korean regulators considered both ...

Spain. Index score: 6.63. Country Rank: 11. Rather Enabling Environment. Spain is trying hard to become one of the world leaders in the implementation of the blockchain technology and cryptocurrencies ... situation with the legal regulation of the use of cryptocurrencies and blockchain in Spain might have changed ...

Canada. Index score: 6.58. Country Rank: 12. Rather Enabling Environment. Canada is one of the most important countries for the development of the global blockchain ... more liberal. The legal relations with regard to blockchain and cryptocurrency in Canada are regulated either by special provisions of the law (a ...

Belarus. Index score: 6.49. Country Rank: 13. Rather ... all having their roots in Belarus. The interest in Belarus as a country favorable for conducting cryptocurrency-related business emerged at the ... Bank announced the launch of two projects involving the blockchain technology. It was about the development of a ...

... use of blockchain technologies outside the financial sphere and mining are not regulated in any way so far. Mining of cryptocurrencies on the basis of Icelandic data centers ...

United States. Index score: 6.04. Country Rank: 15. Rather Enabling Environment. As of today, the U.S. is one of the pivots of the global blockchain ... on ICOs in the United States. At the level of states, there are different approaches to blockchain- and cryptocurrencies-related regulating businesses. A special ...

South Africa. Index score: 5.77. Country Rank: 16. Neutral Environment ... particular. The first steps to regulate cryptocurrencies were taken in 2018: the South African Revenue Service (SARS) announced ... the tax law. Cryptocurrencies are now freely purchased and sold in the territory of South Africa. And yet, ...

Argentina. Index score: 5.76. Country Rank: 17. Neutral Environment. Bitcoin began to gain popularity in Argentina in 2014. In June 2017, the ... structure and characteristics of each project. Argentina is included into international discussion on cryptocurrencies regulation. A meeting of finance ministers and ...

... Index score: 5.57. Country Rank: 18. Neutral Environment. Three main periods can be identified in the evolution of the attitude of Russian regulators to cryptocurrencies and blockchain ... However, the segment of cryptocurrencies and blockchain projects remains virtually unregulated in Russia as long as the said ...

Kazakhstan. Index score: 5.52. Country Rank: 19. Neutral Environment. Despite the fact that Kazakhstan is one of the ten largest countries in ... Regulation of the Cryptocurrency Market and Private Placement of Securities"). According to local analysts, Kazakhstan will unleash its potential to use the blockchain ...

... was exploring cryptocurrencies for a state project, the chairman of Turkey's Nationalist Movement Party (MHP) submitted to the parliament draft market regulations and spoke ...

People's Republic of China. Index score: 5.08. Country Rank: 21. Neutral Environment. China plays a special role in the crypto industry. According to ... activities in the cryptocurrency market. On October 13, 2015, the Cyberspace Administration of China (CAC) recognized that the blockchain technology could ...

India. Index score: 4.97. Country Rank: 22. Neutral Environment. In India, interest in cryptocurrencies emerged at the end of 2016, after the government of India on November 8, 2016 ... services and applications based on the blockchain technology are already being introduced in India at both the state and ...

... regulation of the cryptocurrency market has repeatedly been emphasized by various representatives of government agencies and activists of the blockchain community. Nowadays, in the Verkhovna Rada of Ukraine ...