Regulation of cryptocurrencies varies by country, but here are the main approaches:

1. USA – Crypto is considered property (by the IRS) and either a security or a commodity (by the SEC and CFTC). Regulation is strict, with a focus on cracking down on illegal platforms.

2. EU – The Markets in Crypto-Assets (MiCA) regulation has been adopted, introducing unified rules for crypto companies, including licensing and transparency requirements.

3. UK – Crypto assets are not legal tender but are regulated as financial instruments. Registration with the FCA is required.

4. Japan – One of the most developed frameworks: exchanges must be licensed, and crypto assets are officially recognized. Regulations aim to protect investors.

5. China – Mining and crypto transactions are banned. At the same time, the digital yuan is being actively developed.