Blockchain & Cryptocurrencies Regulation Index 2018. Pilot Edition. Analytical Report
Blockchain and 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. The Analytical Report of 2018 is an in-depth study of 23 countries of the world, which analyses legal, political and infrastructure environment in these countries for blockchain and cryptocurrencies businesses.
The key ponits of the report:
The key ponits of the report:
- Countries all over the world have developed a rather positive attitude regarding the blockchain and cryptocurrencies. This sphere will be subject to increasing regulation, but rather neutral and positive, not prohibitive.
- No country in the world has yet developed a comprehensive legislative framework for the blockchain and cryptocurrencies; however, such regulation will appear in two or three years to come.
- While the attitude towards distributed ledger technologies in all countries of the world is unconditionally positive, cryptocurrencies cause a significantly more cautious response of national governments, but only in some sporadic cases does this lead to direct prohibitions and restrictions.
- The main directions for the regulation of cryptocurrency turnover will be developed towards ensuring greater transparency and accountability of transactions. AML/CTF requirements, KYC procedures, reporting of suspicious transactions, transparency to tax authorities, etc. will become an inevitable reality for all players in the cryptocurrency market.
- The international AML/CTF standards will be established for crypto assets, but their coordination and adaptation by the countries of the world will take from two to three years.
- Tighter or more liberal measures of state control of the crypto industry will, in many ways, depend on how effectively it can show its reliability and transparency.
RANKING
KEY FINDINGS
CHAPTER 1. BLOCKCHAIN AND CRYPTOCURRENCIES REGULATION INDEX (2018): LEADERS AND OUTSIDERS
CHAPTER 2. POLITICAL ENVIRONMENT: UNSTABLE POSITIVE POLITICAL CONSENSUS
Level of consensus of the main institutional actors
Content of the consensus of the main institutional actors
Supporters and skeptics among institutional actors
CHAPTER 3. LEGAL ENVIRONMENT: FROM REGULATION AS NECESSARY TO NECESSARY REGULATION
The Blockchain and cryptocurrency ecosystem
Legal environment: leaders and outsiders
Legal environment: low regulatory stability
Sub-criterion of the rule of law and legal risks
Legal Environment: regulatory approaches and the scope of regulation
Trends in the regulation of certain aspects related to cryptocurrencies and the blockchain
CHAPTER 4. INFRASTRUCTURE CONDITIONS AND INSTITUTIONAL FACTORS
Infrastructure environment: leaders and outsiders
Institutional factors and their impact
KEY FINDINGS
CHAPTER 1. BLOCKCHAIN AND CRYPTOCURRENCIES REGULATION INDEX (2018): LEADERS AND OUTSIDERS
CHAPTER 2. POLITICAL ENVIRONMENT: UNSTABLE POSITIVE POLITICAL CONSENSUS
Level of consensus of the main institutional actors
Content of the consensus of the main institutional actors
Supporters and skeptics among institutional actors
CHAPTER 3. LEGAL ENVIRONMENT: FROM REGULATION AS NECESSARY TO NECESSARY REGULATION
The Blockchain and cryptocurrency ecosystem
Legal environment: leaders and outsiders
Legal environment: low regulatory stability
Sub-criterion of the rule of law and legal risks
Legal Environment: regulatory approaches and the scope of regulation
Trends in the regulation of certain aspects related to cryptocurrencies and the blockchain
CHAPTER 4. INFRASTRUCTURE CONDITIONS AND INSTITUTIONAL FACTORS
Infrastructure environment: leaders and outsiders
Institutional factors and their impact
