গ্লোবাল ক্রিপ্টো নিয়মন্ত্রণ মানচ

নিয়মন্ত্রণের নীহত যুদ্ধ

আমি কখনও বিশ্বাস করি না—ক্রিপ্টোইহলোধন। real question: capital adequacy।

EU-তে MiCA stablecoin-এর 1:1 reserve mandate करে; Circle’s USDC passed. Tether didn’t. This is arithmetic—not opinion।

Asia: Divergent Paths

Hong Kong—SFC under crypto as virtual assets; BTC/ETH ETF live। China—সমস্ত activity ban; miners shut down, wallets frozen। Taiwan? Not currency. Not property. Just speculative digital goods with tax reporting।

Singapore? Payment tool with tiered licenses—Coinbase here because they met capital thresholds—not because they’re ‘innovative’।

Americas: Fractured Logic

U.S.? No federal law—state-by-state chaos। NY BitLicense vs SEC enforcement vs IRS treating BTC as property।

El Salvador—Bitcoin legal tender—but folded under IMF pressure।

Brazil? Tax it like any asset—no license needed for private ownership।

Middle East: Sharia Meets Swap Rules

Saudi Arabia—trading forbid—but CBDC pilots allowed under MBSA, ‘halal’ assets collateralized។

UAE? VARA and ADGM enforce eight licensed activities—with margin controls so tight even institutions blink។

Africa & Beyond: Compliance as Currency

Nigeria—2023-এ ban theke regulated VASP-এ transition! South Africa—crypto financial product under FAIS; FSCA approved 248 out of 420 applications in 2024។ Switzerland? No law—but FINMA tokens by function classify: payment = light oversight; asset = securities scrutiny។ No emotion here. Only thresholds:

• Minimum capital?
• Is reserve segregated?
• Are governance rights defined? These are the only questions that matter。