Nauru
Crypto Law in Nauru As of 2024, cryptocurrency trading and investment are legal in Nauru, but the nation is still working on defining its regulatory framework for digital currencies. This means that while individuals and businesses in Nauru can legally trade and hold cryptocurrencies like Bitcoin, Ethereum, and Tether, the government has not yet developed […]
Serbia
Current Economic Context in Serbia Serbia is a developing economy in the Balkans, steadily modernizing to drive growth and address structural challenges. The GDP in 2024 is projected to reach $82.55 billion, with a per capita GDP of $12,515. The country has seen strong performance in sectors like retail, construction, and IT services while facing […]
Papua New Guinea (PNG)
Crypto Law in Papua New Guinea Papua New Guinea’s legal framework for cryptocurrencies focuses on the following; Legal Framework and Government Position on Crypto In Papua New Guinea (PNG), cryptocurrencies do not yet have a fully developed legal framework, and they are not recognized as legal tender. The Bank of Papua New Guinea, the central […]
Mauritania
Current Economic Situation in Mauritania Mauritania’s economy has been showing resilience despite global economic challenges. The economic growth rate fell from 6.4% in 2022 to 3.4% in 2023, mainly due to a drop in industrial and fisheries production and lower public investment. Inflation has also seen a significant decrease, falling from 9.6% in 2022 to […]
Madagascar
Crypto Law in Madagascar As of now, Madagascar has not established specific laws or regulations to govern cryptocurrency. The country’s central bank, the Banky Foiben’i Madagasikara (BFM), has not issued guidance on crypto beyond a general warning to the public. In a recent statement, BFM cautioned citizens about the risks associated with digital assets, citing […]
Saudi Arabia
Current Economic Situation in Saudi Arabia The Saudi economy currently has a number of opportunities and difficulties. The country is still largely dependent on oil earnings, which are still important to its economy. The oil sector, despite facing global uncertainties, has been stable due to Saudi Arabia’s strategic participation in OPEC+ and efforts to balance […]
Senegal
Current Economic Situation in Senegal Senegal’s economy is growing steadily but faces challenges. The country’s growth is mainly driven by sectors like agriculture, mining, and services, with agriculture providing employment for a large portion of the population. Senegal’s government has prioritized infrastructure development, especially with projects like the Dakar-Diamniadio Toll Highway and the new Blaise […]
Latvia
Crypto Law in Latvia Latvia has been proactive in creating a regulatory framework for cryptocurrencies and blockchain technology. The “Crypto-Asset Service Law” was introduced to provide clarity and foster growth in the industry. This law is part of Latvia’s broader strategy to become a hub for blockchain and cryptocurrency enterprises. Key Provisions The Crypto-Asset Service […]