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 8.21 7.93 32 AA 8.22 (-0.01)
3 Australia Very safe 8.05 7.42 14 AA 8.05 (+0)
4 Switzerland Very safe 8.02 7.71 36 AA 8.05 (-0.03)
5 Austria Very safe 7.92 7.43 27 AA 7.97 (-0.05)
6 Estonia Very safe 7.89 7.25 18 AA 7.95 (-0.06)
7 Lithuania Very safe 7.89 7.72 11 BB 7.33 (+0.56)
8 United Arab Emirates Very safe 7.84 7.73 16 BB 7.75 (+0.09)
9 Denmark Very safe 7.72 6.8 4 AA 7.73 (-0.01)
10 Netherlands Very safe 7.68 7.32 42 AA 7.79 (-0.11)
11 Liechtenstein Very safe 7.55 7.93 0 AA 7.55 (+0)
12 Belgium Very safe 7.49 7.1 46 AA 7.42 (+0.06)
13 Hong Kong Very safe 7.49 7.03 3 BB 7.42 (+0.07)
14 Czech Republic Very safe 7.49 7.32 41 A 7.61 (-0.12)
15 Finland Very safe 7.49 6.72 20 AA 7.57 (-0.07)
16 United Kingdom Very safe 7.42 6.43 8 AA 7.43 (-0.01)
17 Singapore Very safe 7.42 6.35 2 AA 7.42 (+0)
18 Luxembourg Very safe 7.34 7.28 72 AA 7.43 (-0.09)
19 Germany Very safe 7.32 6.5 22 AA 7.34 (-0.02)
20 Ireland Very safe 7.31 6.8 24 A 7.38 (-0.07)
21 Canada Very safe 7.31 6.51 23 AA 7.37 (-0.05)
22 Japan Very safe 7.29 6.85 29 A 7.24 (+0.05)
23 Israel Very safe 7.27 7.2 35 BB 7.07 (+0.20)
24 Chile Very safe 7.19 7.16 59 A 7.23 (-0.04)
25 Sweden Very safe 7.09 6 10 AA 7.09 (+0)
26 Slovenia Very safe 7.04 6.9 37 BB 7.04 (+0)
27 South Korea Unsafe 6.95 6 5 A 6.76 (+0.19)
28 Bulgaria Safe 6.90 7.35 61 B 7.02 (-0.12)
29 Spain Safe 6.90 6.31 30 A 6.92 (-0.02)
30 Cyprus Safe 6.86 7.18 54 B 6.87 (-0.01)
31 Taiwan Safe 6.84 6.00 15 A 6.84 (+0)
32 New Zealand Safe 6.77 5.4 1 AA 6.77 (+0)
33 Costa Rica Safe 6.65 6.9 74 BB 6.79 (-0.14)
34 Croatia Safe 6.62 6.8 51 B 6.62 (+0)
35 Mexico Safe 6.61 6.63 60 BB 6.73 (-0.12)
36 Iceland Safe 6.58 7.4 26 B 6.58 (+0)
37 Malta Safe 6.53 6.65 88 A 6.57 (-0.04)
38 Romania Safe 6.51 6.7 55 B 6.62 (-0.11)
39 Portugal Safe 6.46 6.1 39 BB 6.56 (-0.11)
40 Norway Safe 6.41 5 9 AA 6.42 (-0.01)
41 Malaysia Safe 6.37 5.56 12 BB 6.23 (+0.13)
42 Slovakia Safe 6.32 5.7 45 A 6.38 (-0.06)
43 Thailand Safe 6.31 5.9 21 B 6.26 (+0.05)
44 Russia Safe 6.08 5.97 28 C 6.01 (+0.07)
45 Philippines Unsafe 6.06 6.66 95 B 5.87 (+0.19)
46 Colombia Safe 6.06 5.95 67 BB 6.14 (-0.08)
47 Hungary Safe 6.05 6 52 B 6.09 (-0.04)
48 Greece Safe 6.05 6.4 79 B 6.17 (-0.13)
49 San Marino Safe 6.03 6 92 A 6.02 (+0.01)
50 Poland Unsafe 5.96 5.4 40 BB 6.10 (-0.14)
51 Brazil Unsafe 5.83 6.76 124 B 5.82 (+0.01)
52 Turkey Unsafe 5.74 5.55 33 C 5.45 (+0.28)
53 Indonesia Unsafe 5.66 5.75 73 B 5.67 (-0.01)
54 Bahrain Unsafe 5.60 5.5 43 C 5.36 (+0.24)
55 Saudia Arabia Unsafe 5.60 5.5 62 B 5.48 (+0.12)
56 Jamaica Unsafe 5.51 5.8 71 C 5.32 (+0.19)
57 Italy Unsafe 5.50 4.73 58 A 5.63 (-0.13)
58 Jordan Unsafe 5.46 5.5 75 B 5.17 (+0.29)
59 Vietnam Unsafe 5.39 5.61 70 C 5.41 (-0.02)
60 Macedonia Unsafe 5.31 4.7 17 C 5.17 (+0.14)
61 Ukraine Unsafe 5.18 5.5 64 D 5.05 (+0.13)
62 South Africa Unsafe 5.17 5.5 84 C 5.39 (-0.22)
63 Belarus Unsafe 4.98 5 49 D 5.10 (-0.12)
64 India Unsafe 4.89 4.5 63 B 4.50 (+0.39)
65 Argentina Unsafe 4.87 6 126 D 5.87 (-0.99)
66 Kyrgyzstan Unsafe 4.80 5.2 80 D 4.83 (-0.03)
67 Georgia Unsafe 4.73 4 7 D 4.71 (+0.02)
68 Nigeria Unsafe 4.72 5.85 131 D 4.46 (+0.25)
69 Latvia Unsafe 4.64 3.2 19 BB 4.64 (+0)
70 Mauritius Unsafe 4.56 3 13 BB 4.44 (+0.13)
71 Lebanon Unsafe 4.41 5.6 143 D 4.52 (-0.11)
72 Bosnia and Herzegovina Unsafe 4.34 4.7 90 D 4.38 (-0.04)
73 Cambodia Unsafe 4.32 5.2 144 C 4.22 (+0.11)
74 Egypt Unsafe 4.29 4.7 114 C 4.14 (+0.15)
75 Namibia Unsafe 4.26 4.5 104 C 4.43 (-0.18)
76 Kazakhstan Unsafe 4.12 3.4 25 D 4.00 (+0.12)
77 Uzbekistan Unsafe 4.07 4 69 D 4.02 (+0.05)
78 Azerbaijan Unsafe 3.74 3 34 D 3.50 (+0.24)
79 Nicaragua Unsafe 3.73 4.6 142 D 3.84 (-0.12)
80 Peru Unsafe 3.69 2.7 76 BB 3.88 (-0.19)
81 Kuwait Unsafe 3.69 2.8 83 BB 3.55 (+0.14)
82 China Unsafe 3.63 2.22 31 B 3.13 (+0.49)
83 Trinidad and Tobago Unsafe 3.60 3.3 105 B 3.64 (-0.03)
84 Bahamas Unsafe 3.59 3.2 119 BB 3.59 (+0)
85 Venezuela Unsafe 3.52 5 188 D 3.52 (+0)
86 Panama Unsafe 3.51 2.6 86 BB 3.59 (-0.07)
87 Zimbabwe Unsafe 3.47 4.21 140 D 3.27 (+0.20)
88 Albania Unsafe 3.31 3.1 82 D 3.49 (-0.18)
89 Kenya Unsafe 3.28 2.1 56 B 2.83 (+0.45)
90 Armenia Unsafe 3.26 2.5 47 D 3.26 (+0)
91 Ghana Unsafe 3.26 3 118 B 3.24 (+0.02)
92 Botswana Unsafe 3.23 2.5 87 B 3.30 (-0.06)
93 Dominican Republic Unsafe 3.15 2.8 115 B 3.32 (-0.17)
94 Uruguay Unsafe 3.08 2.2 101 BB 3.15 (-0.07)
95 Antigua and Barbuda Unsafe 3.04 2.9 113 C 3.10 (-0.06)
96 Barbados Unsafe 3.03 3.4 128 D 3.19 (-0.16)
97 Bhutan Unsafe 3.01 2.5 89 C 3.16 (-0.15)
98 Qatar Unsafe 2.99 2 77 B 2.93 (+0.06)
99 Montenegro Unsafe 2.94 2.1 50 D 3.03 (-0.08)
100 Oman Unsafe 2.94 1.8 68 B 3.11 (-0.17)
101 Belize Unsafe 2.82 3.2 135 D 2.97 (-0.15)
102 Guatemala Unsafe 2.79 2 96 B 2.78 (+0.01)
103 Paraguay Unsafe 2.76 2.4 125 B 2.74 (+0.02)
104 Fiji Unsafe 2.75 2.6 102 D 2.76 (-0.01)
105 Dominica Unsafe 2.71 2.4 111 C 2.85 (-0.14)
106 Rwanda Unsafe 2.70 1 38 B 2.47 (+0.23)
107 Mongolia Unsafe 2.69 2.2 81 D 2.89 (-0.20)
108 Serbia Unsafe 2.65 1.3 44 C 2.66 (-0.01)
109 Puerto Rico Unsafe 2.62 1 65 BB 2.63 (-0.01)
110 El Salvador Unsafe 2.56 1.6 91 B 2.75 (-0.19)
111 Morocco Unsafe 2.47 0.9 53 B 2.30 (+0.17)
112 Benin Unsafe 2.45 2.6 149 C 2.43 (+0.02)
113 Samoa Unsafe 2.36 1.7 98 C 2.47 (-0.12)
114 Djibouti Unsafe 2.36 2.2 112 D 1.92 (+0.44)
115 Moldova Unsafe 2.33 1.2 48 D 2.38 (-0.04)
116 Kiribati Unsafe 2.22 2.5 164 C 2.30 (-0.07)
117 Lesotho Unsafe 2.18 1.8 122 C 2.37 (-0.19)
118 Palau Unsafe 2.14 2.1 145 C 2.30 (-0.16)
119 Maldives Unsafe 2.13 2.4 147 D 2.25 (-0.12)
120 Swaziland Unsafe 2.12 1.7 121 C 2.21 (-0.09)
121 Senegal Unsafe 2.10 1.7 123 C 1.92 (+0.18)
122 Burkina Faso Unsafe 2.08 2.1 151 C 2.11 (-0.03)
123 Congo (Democr. Rep Of) Unsafe 2.07 2.8 180 D 2.04 (+0.02)
124 Honduras Unsafe 2.06 1.8 133 C 2.25 (-0.19)
125 Togo Unsafe 2.03 1.5 97 D 1.41 (+0.62)
126 Gambia Unsafe 1.98 2.3 155 D 2.07 (-0.09)
127 Ivory Coast Unsafe 1.95 1.3 110 C 1.65 (+0.31)
128 Micronesia Unsafe 1.94 2 158 C 1.97 (-0.03)
129 Tonga Unsafe 1.90 1.4 103 D 2.04 (-0.15)
130 Niger Unsafe 1.87 1.8 132 D 1.74 (+0.13)
131 Pakistan Unsafe 1.82 1.36 108 D 1.40 (+0.41)
132 Zambia Unsafe 1.81 1 85 D 2.01 (-0.20)
133 Tunisia Unsafe 1.81 0.61 78 C 1.70 (+0.11)
134 Mauritania Unsafe 1.80 2 152 D 1.82 (-0.02)
135 Malawi Unsafe 1.77 1.31 109 D 1.76 (+0.01)
136 Gabon Unsafe 1.76 2.2 169 D 1.98 (-0.22)
137 Afghanistan Unsafe 1.76 2.26 173 D 1.66 (+0.11)
138 Ecuador Unsafe 1.75 1.3 129 C 1.87 (-0.12)
139 Papua New Guinea Unsafe 1.65 1.3 120 D 1.76 (-0.12)
140 Tajikistan Unsafe 1.65 1.1 106 D 1.48 (+0.18)
141 Cameroon Unsafe 1.64 2 167 D 1.88 (-0.24)
142 Madagascar Unsafe 1.64 1.9 161 D 1.62 (+0.01)
143 Guyana Unsafe 1.63 1.2 134 C 1.71 (-0.08)
144 Nepal Unsafe 1.57 0.8 94 D 1.45 (+0.12)
145 Chad Unsafe 1.55 2.1 182 D 1.58 (-0.02)
146 Angola Unsafe 1.54 2 177 D 1.56 (-0.02)
147 Mozambique Unsafe 1.53 1.4 138 D 1.53 (+0)
148 Sri Lanka Unsafe 1.52 0.8 99 D 1.39 (+0.13)
149 Vanuatu Unsafe 1.49 0.6 107 C 1.67 (-0.18)
150 Algeria Unsafe 1.46 1.3 157 C 1.36 (+0.09)
151 Equatorial Guinea Unsafe 1.46 1.9 178 D 1.51 (-0.05)
152 Iran Unsafe 1.36 1 127 D 1.39 (-0.03)
153 Tanzania Unsafe 1.35 0.9 141 C 1.39 (-0.04)
154 Guinea Unsafe 1.34 1.4 156 D 1.37 (-0.03)
155 Uganda Unsafe 1.26 0.4 116 C 1.20 (+0.06)
156 Guinea Bissau Unsafe 1.22 1.5 174 D 1.20 (+0.02)
157 Bolivia Unsafe 1.19 1.1 150 D 1.17 (+0.02)
158 Haiti Unsafe 1.17 1.5 179 D 1.14 (+0.02)
159 Burundi Unsafe 1.16 1.3 166 D 1.18 (-0.02)
160 Mali Unsafe 1.14 1 148 D 1.19 (-0.05)
161 Suriname Unsafe 1.13 1.2 162 D 1.10 (+0.03)
162 North Korea Unsafe 1.12 1.6 0 D 1.12 (+0)
163 Ethiopia Unsafe 1.09 0.8 159 C 0.87 (+0.22)
164 Laos Unsafe 1.08 1 154 D 1.22 (-0.14)
165 Bangladesh Unsafe 1.07 1.2 168 D 0.98 (+0.09)
166 Sierra Leone Unsafe 0.98 1 163 D 1.02 (-0.03)
167 Liberia Unsafe 0.93 1.1 175 D 0.96 (-0.03)
168 Central African Republic Unsafe 0.90 1.2 184 D 0.90 (+0)
169 Syria Unsafe 0.85 1 176 D 0.87 (-0.02)
170 Eritrea Unsafe 0.78 1.1 189 D 0.78 (+0)
171 Myanmar Unsafe 0.61 0.5 165 D 0.55 (+0.06)
172 Iraq Unsafe 0.61 0.6 172 D 0.65 (-0.04)
173 Cuba Unsafe 0.56 0.8 0 D 0.56 (+0)
174 Libya Unsafe 0.53 0.7 186 D 0.54 (-0.01)
175 South Sudan Unsafe 0.40 0.5 185 D 0.38 (+0.02)
176 Sudan Unsafe 0.34 0.2 171 D 0.35 (-0.01)
177 Somalia Unsafe 0.21 0.3 190 D 0.21 (+0)
178 Yemen Unsafe 0.10 0.1 187 D 0.11 (-0.01)
Last update: 05/11/2019

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