The majority of nations have been reluctant to regulate cryptocurrency up until now due to concerns about the potential disruption of traditional finance, freedom of money, money laundering, other financial crimes, and environmental factors, among other things.

Majority of exchanges such as Binance, Coinbase, including African exchanges, adhere to KYC and AML regulations as specified by their country of jurisdiction. While some nations have outright prohibited cryptocurrencies, others have attempted to only partially control their economic flow.

The Indian cryptocurrency ecosystem's participants are crossing their fingers. Various states in the US may have various cryptocurrency regulations due to the dual system of government. Until now, EU member states have each had their own framework for regulating this sector, with the majority opting for a soft-touch regulatory approach. China's stance on cryptocurrencies has drastically changed as a result of its June 2021 crackdown on cryptocurrency mining and trading. In September 2021, El Salvador would become the first nation to accept bitcoin in addition to US dollars as legal tender.