Cryptocurrency is a global phenomenon, which also makes it a unique proposition for governments. Because crypto lacks backing by a central authority, different countries have different regulatory standards. These efforts, driven by their variability, have the potential to send crypto prices dramatically soaring or tumbling.
Here’s a snapshot of the current regulatory climate around the world.
Global Bodies
Global regulators view bitcoin as legal tender, depending on the country. There is no global regulatory body for cryptocurrency yet, but the recent G-20 summit saw leaders of central banks from the world’s 20 biggest economies discuss the topic, with plans for action items by this summer. The Financial Stability Board, a watchdog group who regulates the G-20 economies, said they remained open to digital currencies. “The FSB's initial assessment is that crypto-assets do not pose risks to global financial stability at this time," said board Chairman Mark Carney, pointing out that, even at their peak value at the end of 2017, “global market value [of cryptocurrencies] was less than one percent of global GDP.” While some figures have expressed concern for cryptocurrency’s ability to aid money laundering and covertly finance terrorist groups, it has not rejected it outright – rather, there have been calls for increased protections for investors.
Japan
Japan is the world’s biggest market for bitcoin, proclaiming it to be legal tender in April 2017. Exchanges are legal once registered with the Japanese Financial Services Agency, and half of bitcoin’s daily volume is traded in Japanese currency. They became the first country in the world to create and implement a system to regulate trading after a series of serious hacks. The Japanese continue to oversee trading where they feel appropriate, punishing or shutting down multiple exchanges after a $530 million theft from Coincheck and issuing warnings to prominent exchange Binance for operating in Japan without a license.
United States
Bitcoin is not considered legal tender in America. Treasury Secretary Steven Mnuchin has expressed reserve about crypto’s ability to assist criminals, but his concerns have done little to dampen enthusiasm among investors, who trade on exchanges that are legal depending on the state and handle the second largest volume of bitcoin worldwide, at 26%. Regulators are currently grappling with how to classify bitcoin and other cryptocurrencies. The SEC believes them to be securities that should be regulated as such, cracking down particularly hard on initial coin offerings. The CFTC classifies crypto as a commodity, while the IRS says it is not actually a currency.
European Union
While no member state can introduce its own cryptocurrency, exchanges are legal by country. Money laundering and other criminal activities remain a concern among government officials, and regulations differ from nation-to-nation. Regulators have been cracking down, with French regulator Autorite des Marches Financiers banning 15 exchanges in March. French officials have also revealed a joint plan with Germany to regulate cryptocurrency markets.
United Kingdom
The UK does not recognize Bitcoin as legal tender, but exchanges are legal if registered with the Financial Conduct Authority, while holds them to the stringent standards of traditional financial institutions. "The time has come to hold the crypto-asset ecosystem to the same standards as the rest of the financial system," said Mark Carney, who also governs the Bank of England. "Being part of the financial system brings enormous privileges, but with them great responsibilities."
South Korea
South Korea does not consider bitcoin to be legal tender, though exchanges are legal if registered with the Financial Services Commission. Trading with anonymous bank accounts, however, is prohibited. The country is a global hub for trading, but the regulatory climate is more mixed. The Korean government floated a shutdown of crypto exchanges in 2017 before backing off while reaffirming their commitment to acting against illegal and unfair trading behavior. More comprehensive regulatory offerings have been discussed but not finalized.
China
Bitcoin is not recognized as legal tender in China, and trading is illegal. The government banned ICOs in 2017 while shutting down all crypto exchanges in the country. Some banking officials have recommended banning trading all virtual currencies, as well as punishing the people and businesses that provide trading-related services. While there is no concrete action yet, crypto enthusiasts in the country have shifted their focus to mining and other activities – at least until the government steps in.
Singapore
Singapore may not view bitcoin as legal tender, but trading is legal, mostly regulated by the Monetary Authority of Singapore. The country is trying to position itself as crypto-friendly while also urging investors “to act with extreme caution and understand the significant risks they take on if they choose to invest in cryptocurrencies."
Switzerland
Switzerland is viewed as very crypto-friendly. Bitcoin is considered legal tender, and exchanges are legal if registered with the Swiss Financial Market Supervisory Authority. Zug, the town south of Zurich in what is called the country’s “Crypto Valley”, is home to the Ethereum Foundation and other crypto businesses. Regulators have issued strict guidelines for ICOs but remain open to them – four of the ten biggest proposed ICOs in the world have been in Switzerland.
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The Aroon Indicator for BTC.X entered a downward trend on June 12, 2025. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 152 similar instances where the Aroon Indicator formed such a pattern. In of the 152 cases the stock moved lower. This puts the odds of a downward move at .
The 10-day RSI Indicator for BTC.X moved out of overbought territory on May 23, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 54 similar instances where the indicator moved out of overbought territory. In of the 54 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on June 17, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on BTC.X as a result. In of 140 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BTC.X turned negative on June 12, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 61 similar instances when the indicator turned negative. In of the 61 cases the stock turned lower in the days that followed. This puts the odds of success at .
BTC.X moved below its 50-day moving average on June 20, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BTC.X declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BTC.X broke above its upper Bollinger Band on June 09, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The 50-day moving average for BTC.X moved above the 200-day moving average on May 22, 2025. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BTC.X advanced for three days, in of 436 cases, the price rose further within the following month. The odds of a continued upward trend are .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows