#fintech #bitcoin Bitcoin regulations are rapidly evolving country by country. In some countries such as the US, additional layers of regulations are being imposed at the state level. Classifying these regulations is difficult, but various websites collect and summarize information. Wikipedia summarizes and references current legal developments of Bitcoin and other digital currency. Although limited, these data sources were used to create a Bitcoin Regulation Index (BRI) for 62 countries. The system for ordering Bitcoin acceptance by countries uses a scale of 0-100 with 0 defined as Bitcoin is illegal and 100 means Bitcoin is completely unregulated by the government and the government has deliberately decided not to regulate. https://cointelegraph.com/news/corrupt-governments-tend-to-declare-bitcoin-illegal-analysis
Cointelegraph
Corrupt Governments Tend to Declare Bitcoin Illegal: Analysis
Many governments impose heavy regulation on Bitcoin with the justification that Bitcoin can and has been used to aid illegal activities.