Report: More than half of the world’s countries have legalized cryptocurrencies

According to a research report released by CoinGecko, it is currently legal in 119 countries and 4 British overseas territories, meaning that more than half of the world's countries have legalized cryptocurrency. 64.7% of cryptocurrency legalization countries are emerging and developing countries from Asia and Africa. However, among the 119 countries that have legalized cryptocurrency, 20 countries (16.8%) have implemented banking bans. These bans restrict financial institutions from interacting with cryptocurrency exchanges or users. In Europe, 39 out of 41 analyzed countries (95.1%) recognize its legality. North Macedonia is the only European country where cryptocurrency is illegal, and the situation in Moldova is still unclear. In the Americas, 24 out of 31 countries (77.4%) recognize cryptocurrency as legal. Bolivia considers cryptocurrency illegal. Guatemala, Guyana, Haiti, Nicaragua, Paraguay, and Uruguay have not yet established an official position on cryptocurrency. Only 17 out of 44 countries in Africa (38.6%) have legalized cryptocurrency, while 35 out of 45 countries in Asia (77.7%) recognize it as legal.