Regulation Of Blockchain Business – A Jurisdiction Comparison

Although the sector is growing rapidly, blockchain-related businesses are still largely unregulated in most countries. Sadly, in some circles, the use of cryptocurrency is still perceived as a mechanism or tool to facilitate criminal activity. Traditional businesses are therefore extremely apprehensive and often unwilling to provide services to persons involved in cryptocurrencies. As a result, in order to prove their credibility, many blockchain-related businesses are seeking regulation.

You may have read numerous articles comparing the various crypto-friendly countries and noticed the same names keep cropping up. The purpose of this article, therefore, is to explore the positions that different jurisdictions are taking, providing an overview of the top jurisdictions you should consider when deciding where to incorporate your blockchain business.