Regulatory Roundup: 10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South Korea.

Also read: IMF Declares Global Recession, 80 Countries Request Help, Trillions of Dollars Needed

Regulations Directly Affecting Crypto Exchanges, Businesses and Individuals

The world is going through a crisis with an escalating number of covid-19 cases causing economic turmoil in many countries. The International Monetary Fund (IMF) has declared a global recession, noting that at least 80 countries have asked for its assistance. Nonetheless, since our last regulatory roundup, a number of countries have made announcements relating to their cryptocurrency regulations.

During the past week, two countries approved new cryptocurrency exchanges. Japan approved its 23rd crypto exchange while…