#CryptoRegulation

Current Situation (2025)

1. United States

There is still debate between the SEC and the CFTC on whether Bitcoin and other cryptocurrencies are securities or commodities.

Spot Bitcoin ETFs have been approved, representing a step towards greater integration into the financial system.

Stablecoins and DeFi are under scrutiny for stricter regulation.

2. Europe

The MiCA regulation (Markets in Crypto-Assets) is in force, regulating crypto activities across the European Union.

Companies must comply with clear rules on custody, disclosure, and user protection.

3. Latin America

El Salvador was a pioneer in adopting Bitcoin as legal tender.

Other countries like Argentina, Brazil, and Mexico are developing more defined regulatory frameworks, but there is still much variability.

Nicaragua does not yet have specific regulation, but there is oversight from central banks.

4. Asia

Japan and South Korea have clear regulatory frameworks and promote controlled adoption.

China maintains a strict ban on cryptocurrency trading, although it is promoting its CBDC (digital yuan).

Current Trends

Pro-innovation regulation: Some countries seek to attract investment and talent by regulating flexibly.

Increased scrutiny of exchanges: FTX, Binance, and others have been investigated or sanctioned, leading to new requirements.

CBDCs in development: Central banks are testing official digital currencies that will compete with private cryptocurrencies.

Focus on privacy and DeFi: New rules aim to control sectors like DeFi and privacy-centered cryptocurrencies (like Monero)