Democracia Lab
Global Crypto Atlas
Regulation, adoption and public policy worldwideAn international observatory on how countries regulate, tax, adopt or restrict crypto assets, blockchain, stablecoins, Web3 and digital assets. Primary sources, published criteria and no political labels.
The Atlas does not argue that more or less regulation is better. It shows what exists, with verifiable indicators.
- Level 0 · Restrictive / prohibitive
- Level 1 · Incipient regulation
- Level 2 · Partial regulation
- Level 3 · Established framework
- Level 4 · Comprehensive and operational regulation
- Under assessment
- Not assessed
GCRI · Global Crypto Regulation Index
Crypto regulation · World
- 1🇧🇷 Brazil100/100Level 4 · Crypto adoption: 5th overall (2025)
- 1🇦🇹 Austria100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇧🇪 Belgium100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇭🇷 Croatia100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇨🇿 Czechia100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇩🇰 Denmark100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇪🇪 Estonia100/100Level 4 · Crypto adoption: 11th adjusted for population (2025)
- 1🇫🇮 Finland100/100Level 4 · Crypto adoption: 16th adjusted for population (2025)
- 1🇫🇷 France100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇩🇪 Germany100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇭🇺 Hungary100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇮🇪 Ireland100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇮🇹 Italy100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇱🇻 Latvia100/100Level 4 · Crypto adoption: 7th adjusted for population (2025)
- 1🇱🇹 Lithuania100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇱🇺 Luxembourg100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇲🇹 Malta100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇳🇱 Netherlands100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇵🇱 Poland100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇵🇹 Portugal100/100Level 4 · Crypto adoption: 20th adjusted for population (2025)
- 1🇷🇴 Romania100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇸🇰 Slovakia100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇸🇮 Slovenia100/100Level 4 · Crypto adoption: 10th adjusted for population (2025)
- 1🇪🇸 Spain100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 1🇸🇪 Sweden100/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- 26🇬🇷 Greece94/100Level 4 · Crypto adoption: Outside the published top 20 (2025)
- ·🇧🇬 Bulgaria17/18Under assessment · Crypto adoption: Outside the published top 20 (2025)
- ·🇨🇾 Cyprus17/18Under assessment · Crypto adoption: Outside the published top 20 (2025)
Regulation × Adoption
The chart only places countries with a complete regulation index and confirmed adoption data. Color = geographic region, never the government's political orientation. Adoption = position in the Chainalysis 2025 overall index (only the top 20 is published; higher on the chart means higher adoption).
The world is regulating crypto
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- TODAY
⚡ What changed in the world?
- 🇧🇷 BRAZILApproved
BCB Resolution 589/2026
Amends BCB Resolution 520.
23/09/2026 · Central Bank of Brazil · Regulation · Effective: 01/10/2026 e 01/01/2027
See original data ↗ - 🇧🇷 BRAZILIn force
IN RFB 2,291/2025 (DeCripto)
Crypto-asset declaration under the CARF/OECD standard.
14/11/2025 · Receita Federal (Federal Revenue Service) · Normative Instruction · Effective: 01/07/2026
See original data ↗ - 🇧🇷 BRAZILIn force
BCB Resolutions 519, 520 and 521
Authorization and operation of virtual-asset service providers; foreign exchange.
10/11/2025 · Central Bank of Brazil · Regulation · Effective: 02/02/2026
See original data ↗ - 🇧🇷 BRAZILRepealed / replaced
MP 1.303/2025
Taxation of financial investments and virtual assets. Lapsed.
11/06/2025 · Presidency of the Republic · Provisional measure
See original data ↗ - 🇪🇺 EUROPEAN UNIONIn force
Legal deadline for the central MiCA register
Arts. 109 and 110 of MiCA require ESMA to publish a register of white papers, authorized CASPs and non-compliant entities by 30/12/2024.
30/12/2024 · ESMA · Public register
See original data ↗ - 🇪🇺 EUROPEAN UNIONIn force
MiCA comes into force
Regulation (EU) 2023/1114 establishes uniform EU rules for crypto assets.
06/2023 · European Parliament and Council of the EU · Regulation · Effective: June 2023, with phased application
See original data ↗ - 🇧🇷 BRAZILIn force
Law 14,478/2022
Guidelines for the provision of virtual-asset services.
21/12/2022 · National Congress · Law
See original data ↗
