Blockchain regulations

Our country comparison table will help you understand what are the best jurisdictions to start a Blockchain-based entrepreneurial project

Apart from any risk parameter, all countries have different laws and requirements about Blockchain, AML and KYC policies, authorisations, and so on. Make sure you get everything right with the help of an expert.

As Blockchain enthiusasts, we continuously study the status of Blockchain-related regulations globally, and have developed our Blockchain Compliance Rank (BCR): an overall indicator (from 0 to 10) that synthesises the current national regulations applicable to ICOs and crypto-projects, the ease of doing business, and the overall country risk.

# Country Flag Status BCR Crypto-regulatory Rank Doing Business Rank Country Risk Rank Previous Rank & Variation
1 United States Very safe 8.29 7.65 6 AA 8.29 (+0)
2 France Very safe 8.22 7.93 31 AA 8.22 (+0)
3 Australia Very safe 8.05 7.42 14 AA 8.5 (+0)
4 Switzerland Very safe 8.05 7.71 33 AA 8.05 (+0)
5 Austria Very safe 7.97 7.43 22 AA 7.97 (+0)
6 Estonia Very safe 7.95 7.25 12 AA 7.95 (+0)
7 Netherlands Very safe 7.79 7.32 32 AA 7.75 (+0.04)
8 Liechtenstein Very safe 7.75 7.93 0 AA 7.04 (+0.51)
9 United Arab Emirates Very safe 7.75 7.68 21 BB 7.75 (+0)
10 Denmark Very safe 7.73 6.80 3 AA 7.73 (+0)
11 Czech Republic Very safe 7.61 7.32 30 A 7.61 (+0)
12 Finland Very safe 7.57 6.72 13 AA 7.57 (+0)
13 United Kingdom Very safe 7.43 6.43 7 AA 7.43 (+0)
14 Luxembourg Very safe 7.43 7.28 63 AA 7.43 (+0)
15 Singapore Very safe 7.42 6.35 2 AA 7.42 (+0)
16 Belgium Very safe 7.42 7.10 52 AA 7.42 (+0)
17 Hong Kong Very safe 7.42 6.67 5 A 7.42 (+0)
18 Ireland Very safe 7.38 6.80 17 A 7.38 (+0)
19 Canada Very safe 7.37 6.51 18 AA 7.37 (+0)
20 Germany Very safe 7.34 6.50 20 AA 7.34 (+0)
21 Lithuania Very safe 7.33 7.00 16 BB 7.33 (+0)
22 Japan Very safe 7.24 6.85 34 A 7.24 (+0)
23 Chile Very safe 7.23 7.16 55 AA 7.23 (+0)
24 Sweden Very safe 7.09 6.00 10 AA 7.09 (+0)
25 Israel Very safe 7.07 7.20 54 BB 7.07 (+0)
26 Slovenia Very safe 7.04 6.90 37 BB 7.04 (+0)
27 Bulgaria Very safe 7.02 7.35 50 A 7.02 (+0)
28 Spain Safe 6.92 6.31 28 A 6.92 (+0)
29 Cyprus Safe 6.87 7.18 53 B 6.87 (+0)
30 Taiwan Safe 6.84 6.00 15 A 6.84 (+0)
31 Costa Rica Safe 6.79 6.90 61 BB 6.79 (+0)
32 New Zealand Safe 6.77 5.40 1 AA 6.77 (+0)
33 Mexico Safe 6.73 6.63 49 BB 6.73 (+0)
34 Croatia Safe 6.62 6.80 51 B 6.62 (+0)
35 Romania Safe 6.62 6.7 45 B 6.62 (+0)
36 Iceland Safe 6.58 7.40 23 B 6.58 (+0)
37 Malta Safe 6.57 6.65 84 A 6.57 (+0)
38 Portugal Safe 6.56 6.10 29 BB 6.56 (+0)
39 Norway Safe 6.42 5.00 8 AA 6.42 (+0)
40 Slovakia Safe 6.38 5.70 39 A 6.38 (+0)
41 Thailand Safe 6.26 5.90 26 B 6.26 (+0)
42 Malaysia Safe 6.23 5.55 24 BB 6.23 (+0)
43 Greece Safe 6.17 6.40 67 B 6.17 (+0)
44 Colombia Safe 6.14 5.95 59 BB 6.14 (+0)
45 Poland Safe 6.10 5.40 27 BB 6.10 (+0)
46 Hungary Safe 6.09 6.00 48 B 6.09 (+0)
47 San Marino Safe 6.02 6.00 93 A 6.02 (+0)
48 Russia Safe 6.01 5.97 35 C 5.84 (+0.18)
49 Argentina Unsafe 5.87 7.00 117 C 5.87 (+0)
50 Philippines Unsafe 5.87 6.66 113 B 5.87 (+0)
51 Brazil Unsafe 5.82 6.76 125 B 5.82 (+0)
52 Indonesia Unsafe 5.67 5.75 72 B 5.67 (+0)
53 Italy Unsafe 5.63 4.73 46 A 5.63 (+0)
54 Saudia Arabia Unsafe 5.48 5.50 92 BB 5.48 (+0)
55 Turkey Unsafe 5.45 5.55 60 C 5.42 (+0.03)
56 Vietnam Unsafe 5.41 5.61 68 C 5.41 (+0)
57 South Africa Unsafe 5.39 5.50 82 B 5.39 (+0)
58 Bahrain Unsafe 5.36 5.50 66 C 5.36 (+0)
59 Jamaica Unsafe 5.32 5.80 70 D 5.32 (+0)
60 South Korea Unsafe 5.29 3.91 4 BB 5.29 (+0)
61 Macedonia Unsafe 5.17 4.70 11 D 5.17 (+0)
62 Jordan Unsafe 5.17 5.50 103 B 5.17 (+0)
63 Belarus Unsafe 5.10 5.00 38 D 5.10 (+0)
64 Ukraine Unsafe 5.05 5.50 76 D 5.05 (+0)
65 Kyrgyzstan Unsafe 4.83 5.20 77 D 4.83 (+0)
66 Georgia Unsafe 4.71 4.00 9 D 4.71 (+0)
67 Latvia Unsafe 4.64 3.20 19 BB 4.64 (+0)
68 Lebanon Unsafe 4.52 5.60 133 D 4.52 (+0)
69 India Unsafe 4.50 4.50 100 B 4.50 (+0)
70 Nigeria Unsafe 4.46 5.70 145 D 4.46 (+0)
71 Mauritius Unsafe 4.44 3.00 25 BB 4.44 (+0)
72 Namibia Unsafe 4.43 4.50 106 B 4.43 (+0)
73 Bosnia and Herzegovina Unsafe 4.38 4.70 86 D 4.38 (+0)
74 Cambodia Unsafe 4.22 5.20 135 D 4.22 (+0)
75 Egypt Unsafe 4.14 4.70 128 C 4.14 (+0)
76 Uzbekistan Unsafe 4.02 4.00 74 D 4.02 (+0)
77 Kazakhstan Unsafe 4.00 3.40 36 D 4.00 (+0)
78 Peru Unsafe 3.88 2.70 58 BB 3.88 (+0)
79 Nicaragua Unsafe 3.84 4.60 131 D 3.84 (+0)
80 Trinidad and Tobago Unsafe 3.64 3.30 102 B 3.64 (+0)
81 Panama Unsafe 3.59 2.60 79 BB 3.59 (+0)
82 Bahamas Unsafe 3.59 3.20 119 BB 3.59 (+0)
83 Kuwait Unsafe 3.55 2.80 96 BB 3.55 (+0)
84 Venezuela Unsafe 3.52 5.00 188 D 3.52 (+0)
85 Azerbaijan Unsafe 3.50 3.00 57 D 3.50 (+0)
86 Albania Unsafe 3.49 3.10 65 D 3.49 (+0)
87 Dominican Republic Unsafe 3.32 2.80 99 B 3.32 (+0)
88 Botswana Unsafe 3.30 2.50 81 B 3.30 (+0)
89 Zimbabwe Unsafe 3.27 4.21 159 D 3.27 (+0)
90 Armenia Unsafe 3.26 2.50 47 D 3.26 (+0)
91 Ghana Unsafe 3.24 3.00 120 B 3.24 (+0)
92 Barbados Unsafe 3.19 3.40 132 C 3.19 (+0)
93 Bhutan Unsafe 3.16 2.50 75 C 3.16 (+0)
94 Uruguay Unsafe 3.15 2.20 94 BB 3.15 (+0)
95 China Unsafe 3.13 2.22 78 B 3.13 (+0)
96 Oman Unsafe 3.11 1.80 71 BB 3.11 (+0)
97 Antigua and Barbuda Unsafe 3.10 2.90 107 C 3.10 (+0)
98 Montenegro Unsafe 3.03 2.10 42 D 3.03 (+0)
99 Belize Unsafe 2.97 3.20 121 D 2.97 (+0)
100 Qatar Unsafe 2.93 2.00 83 B 2.93 (+0)
101 Mongolia Unsafe 2.89 2.20 62 D 2.89 (+0)
102 Dominica Unsafe 2.85 2.40 98 C 2.85 (+0)
103 Kenya Unsafe 2.83 2.10 80 C 2.83 (+0)
104 Guatemala Unsafe 2.78 2.00 97 B 2.78 (+0)
105 Fiji Unsafe 2.76 2.60 101 D 2.76 (+0)
106 El Salvador Unsafe 2.75 1.60 73 B 2.75 (+0)
107 Paraguay Unsafe 2.74 2.40 108 C 2.74 (+0)
108 Serbia Unsafe 2.66 1.30 43 C 2.66 (+0)
109 Puerto Rico Unsafe 2.63 1.00 64 BB 2.63 (+0)
110 Samoa Unsafe 2.47 1.70 87 C 2.47 (+0)
111 Rwanda Unsafe 2.47 1.00 41 C 2.47 (+0)
112 Benin Unsafe 2.43 2.60 151 C 2.43 (+0)
113 Moldova Unsafe 2.38 1.20 44 D 2.38 (+0)
114 Lesotho Unsafe 2.37 1.80 104 C 2.37 (+0)
115 Morocco Unsafe 2.30 0.90 69 B 2.30 (+0)
116 Palau Unsafe 2.30 2.10 130 C 2.30 (+0)
117 Kiribati Unsafe 2.30 2.50 157 C 2.30 (+0)
118 Maldives Unsafe 2.25 2.40 136 D 2.25 (+0)
119 Honduras Unsafe 2.25 1.80 115 C 2.25 (+0)
120 Swaziland Unsafe 2.21 1.70 112 C 2.21 (+0)
121 Burkina Faso Unsafe 2.11 2.10 148 C 2.11 (+0)
122 Gambia Unsafe 2.07 2.30 146 D 2.07 (+0)
123 Congo (Democr. Rep Of) Unsafe 2.04 2.80 182 D 2.04 (+0)
124 Tonga Unsafe 2.04 1.40 89 D 2.04 (+0)
125 Zambia Unsafe 2.01 1.00 85 C 2.01 (+0)
126 Gabon Unsafe 1.98 2.20 167 C 1.98 (+0)
127 Micronesia Unsafe 1.97 2.00 155 C 1.97 (+0)
128 Djibouti Unsafe 1.92 2.20 154 D 1.92 (+0)
129 Senegal Unsafe 1.92 1.70 140 C 1.92 (+0)
130 Cameroon Unsafe 1.88 2.00 163 C 1.88 (+0)
131 Ecuador Unsafe 1.87 1.30 118 C 1.87 (+0)
132 Mauritania Unsafe 1.82 2.00 150 D 1.82 (+0)
133 Papua New Guinea Unsafe 1.76 1.30 109 D 1.76 (+0)
134 Malawi Unsafe 1.76 1.31 110 D 1.76 (+0)
135 Niger Unsafe 1.74 1.80 144 D 1.74 (+0)
136 Guyana Unsafe 1.71 1.20 126 C 1.71 (+0)
137 Tunisia Unsafe 1.70 0.61 88 C 1.70 (+0)
138 Vanuatu Unsafe 1.67 0.60 90 C 1.67 (+0)
139 Afghanistan Unsafe 1.66 2.26 183 D 1.66 (+0)
140 Ivory Coast Unsafe 1.65 1.30 139 C 1.65 (+0)
141 Madagascar Unsafe 1.62 1.90 162 D 1.62 (+0)
142 Chad Unsafe 1.58 2.10 180 D 1.58 (+0)
143 Angola Unsafe 1.56 2.00 175 D 1.56 (+0)
144 Mozambique Unsafe 1.53 1.40 138 D 1.53 (+0)
145 Equatorial Guinea Unsafe 1.51 1.90 173 D 1.51 (+0)
146 Tajikistan Unsafe 1.48 1.10 123 D 1.48 (+0)
147 Nepal Unsafe 1.45 0.80 105 D 1.45 (+0)
148 Togo Unsafe 1.41 1.50 156 D 1.41 (+0)
149 Pakistan Unsafe 1.40 1.36 147 D 1.40 (+0)
150 Tanzania Unsafe 1.39 0.90 137 C 1.39 (+0)
151 Iran Unsafe 1.39 1.00 164 D 1.16 (+0.23)
152 Sri Lanka Unsafe 1.39 0.80 111 D 1.39 (+0)
153 Guinea Unsafe 1.37 1.40 153 D 1.37 (+0)
154 Algeria Unsafe 1.36 1.30 166 C 1.36 (+0)
155 Laos Unsafe 1.22 1.00 141 D 1.22 (+0)
156 Guinea Bissau Unsafe 1.20 1.50 176 D 1.20 (+0)
157 Uganda Unsafe 1.20 0.40 122 C 1.20 (+0)
158 Mali Unsafe 1.19 1.00 143 D 1.19 (+0)
159 Burundi Unsafe 1.18 1.30 164 D 1.18 (+0)
160 Bolivia Unsafe 1.17 1.10 152 D 1.17 (+0)
161 Haiti Unsafe 1.14 1.50 181 D 1.14 (+0)
162 North Korea Unsafe 1.12 1.60 0 D 1.12 (+0)
163 Suriname Unsafe 1.10 1.20 165 D 1.10 (+0)
164 Sierra Leone Unsafe 1.02 1.00 160 D 1.02 (+0)
165 Bangladesh Unsafe 0.98 1.20 177 D 0.98 (+0)
166 Liberia Unsafe 0.96 1.10 172 D 0.96 (+0)
167 Central African Republic Unsafe 0.90 1.20 184 D 0.90 (+0)
168 Syria Unsafe 0.87 1.00 174 D 0.87 (+0)
169 Ethiopia Unsafe 0.87 0.80 161 D 0.87 (+0)
170 Eritrea Unsafe 0.78 1.10 189 D 0.78 (+0)
171 Iraq Unsafe 0.65 0.60 168 D 0.65 (+0)
172 Cuba Unsafe 0.56 0.80 0 D 0.56 (+0)
173 Myanmar Unsafe 0.55 0.50 171 D 0.55 (+0)
174 Libya Unsafe 0.54 0.70 185 D 0.54 (+0)
175 South Sudan Unsafe 0.38 0.50 187 D 0.38 (+0)
176 Sudan Unsafe 0.35 0.20 170 D 0.35 (+0)
177 Somalia Unsafe 0.21 0.30 190 D 0.21 (+0)
178 Yemen Unsafe 0.11 0.10 186 D 0.11 (+0)
Last update: 05/10/2019

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