More Nations Join the Club of Crypto-Friendly Jurisdictions

Regulatory barriers are a major concern for businesses working with decentralized assets. Not all governments, however, are putting obstacles in front of crypto companies. In fact the number taking a crypto-friendly stance is in fact increasing.

Also read: Ukraine in a Rush to Legalize Cryptocurrencies Under Zelensky

Executives View Regulations as the Biggest Threat

Government regulations are a determining factor for the business climate crypto companies operate in. A recently published survey conducted among executives from the industry shows that the slow advance in that respect is a major concern. Over half of the respondents, 53% of CEOs polled by venture capital firm Digital Currency Group, singled out the regulatory environment as the main “enemy.” Other threats include a possible economic downturn and cybersecurity risks.

A quarter of the questioned managers admitted that compliance was the greatest challenge they faced last year, while a third…