2023 Sees Over 40 Countries Advance Crypto Regulations, Focusing on Stablecoins, Travel Rule, and Framework Development
• More than 40 countries have advanced crypto regulations and legislation in 2023, signaling wider adoption globally
• Focus areas include stablecoin regulation, travel rule compliance, licensing and listing guidance, and crypto framework development
• 23 countries engaged in initiatives across all focus areas, while others like Uganda, India, Brazil focused on just 1 or 2
• Complying with the FATF travel rule was the most widely considered issue, with 40 countries at least discussing it
• Establishing stablecoin issuance guidelines was the least considered area - 8 countries did not address stablecoin legislation