Name
Global FinTech Guide
Country Name
Global Overview

The global overview provides a quick comparison of legal and economic considerations for every participating country. To read more in-depth country specific information for each area, please select a country from the list.

SectionTitle
DLT and cryptocurrencies
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This category also includes FinTechs utilising blockchain and distributed ledger technologies (“DLT”) upon which Bitcoin and Ethereum are based, among others. FinTechs develop and do research in this field in order to create new services – e.g. crypto currency exchange markets, wallet providers, NFTs-related services, new payment services, "smart contracts" or new clearing and settling services.
CountryDonation Based CrowdfundingReward Based CrowdfundingCrowdinvestingCrowdlending
Albanianononono
Argentinanonoregulation; license requiredno
Australianonoregulation; license requiredregulation; license required
Austrianonoregulationregulation
Bosnia and Herzegovinanononono
Canadanonoregulation; license requiredregulation; license required
Chilenononono
Chinaregulation; license requirednoregulationregulation; license required
Colombianonoregulation; license requiredregulation; license required
Costa Ricalicense requiredlicense requiredlicense requiredlicense required
Croatiaregulation; license requirednoregulation; license requiredregulation; license required
Czech Republicnonoregulation; license requiredregulation; license required
Egyptnononono
Franceregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Germanynononono
Hong Kongnononono
Hungarynonoregulation; license requiredregulation; license required
Irelandnononoregulation; license required
Italynonoregulation; license requiredregulation; license required
Korea, Republic ofnonoregulation; license requiredregulation; license required
Malaysianonoregulation; license requiredregulation; license required
Mexicoregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Montenegronononono
New Zealandnonoregulation; license requiredregulation; license required
North Macedonianononono
Perunoregulation; license requiredregulation; license requiredregulation; license required
Philippinesnonoregulation; license requiredregulation; license required
Polandnonoregulation; license requiredregulation; license required
Portugalregulationregulationregulation; license requiredregulation; license required
Romanianonoregulation; license requiredregulation; license required
Serbianononono
Slovenianonoregulation; license requiredregulation; license required
Spainnoregulation; license requiredregulation; license requiredregulation; license required
Switzerlandnonoregulation; license requiredregulation; license required
Thailandnonoregulation; license requiredregulation; license required
Turkeynonoregulation; license requiredregulation; license required
United Kingdomnonoregulation; license requiredregulation; license required
United Rep of Tanzanianononono
United Statesnonoregulation; license requiredregulation
Uruguaynonolicense requiredno
Question Text
Regulation of cryptocurrencies and requirement of a license to provide financial services using virtual currencies
CountryAnswer Text
Albaniaregulation; license required2161Albania
Argentinano2506Argentina
Australiaregulation; license required2176Australia
Austriaregulation; license required2671Austria
Bosnia and Herzegovinano2191Bosnia and Herzegovina
Canadaregulation; license required2146Canada
Chileno2236Chile
Chinaregulation2251China
Colombiano2266Colombia
Costa Ricano2281Costa Rica
Croatiano2296Croatia
Czech Republicno2806Czech Republic
Egyptregulation; license required2311Egypt
Germanyregulation; license required2206Germany
Hong Kongregulation; license required2731Hong Kong
Hungaryno2341Hungary
Irelandno2686Ireland
Italyregulation; license required2326Italy
Korea, Republic ofregulation; license required2356Korea, Republic of
Malaysiaregulation; license required2656Malaysia
Mexicoregulation; license required2626Mexico
Montenegrono2371Montenegro
New Zealandregulation; license required2386New Zealand
North Macedoniano2431North Macedonia
Peruno2416Peru
Philippinesregulation; license required2401Philippines
Polandregulation; license required2476Poland
Portugalregulation; license required2491Portugal
Romaniaregulation; license required2791Romania
Serbiaregulation; license required2461Serbia
Sloveniaregulation2521Slovenia
Spainno2536Spain
Switzerlandregulation; license required2701Switzerland
Thailandregulation; license required2551Thailand
Turkeyno2746Turkey
United Kingdomno2776United Kingdom
United Rep of Tanzaniano2761United Rep of Tanzania
United Statesregulation; license required2581United States
Uruguayno2566Uruguay
Question Text
Difficulty of upholding compliance with the regulation regarding financial services using cryptocurrencies
CountryAnswer Text
Albaniaaverage2161Albania
Argentinaaverage2506Argentina
Australiaaverage2176Australia
Austriaaverage2671Austria
Bosnia and Herzegovinan/a2191Bosnia and Herzegovina
Canadahard2146Canada
Chileeasy2236Chile
Chinahard2251China
Colombian/a2266Colombia
Costa Ricahard2281Costa Rica
Croatian/a2296Croatia
Czech Republicaverage2806Czech Republic
Egypthard2311Egypt
Germanyhard2206Germany
Hong Konghard2731Hong Kong
Hungaryn/a2341Hungary
Irelandaverage2686Ireland
Italyaverage2326Italy
Korea, Republic ofaverage2356Korea, Republic of
Malaysiaaverage2656Malaysia
Mexicoaverage2626Mexico
Montenegroeasy2371Montenegro
New Zealandaverage2386New Zealand
North Macedoniaaverage2431North Macedonia
Perueasy2416Peru
Philippinesaverage2401Philippines
Polandaverage2476Poland
Portugaleasy2491Portugal
Romaniaaverage2791Romania
Serbiaaverage2461Serbia
Sloveniaaverage2521Slovenia
Spainhard2536Spain
Switzerlandhard2701Switzerland
Thailandaverage2551Thailand
Turkeyaverage2746Turkey
United Kingdomeasy2776United Kingdom
United Rep of Tanzanian/a2761United Rep of Tanzania
United Stateshard2581United States
Uruguayn/a2566Uruguay
Question Text
Level of competition regarding financial services using cryptocurrencies
CountryAnswer Text
Albanialow2161Albania
Argentinaaverage2506Argentina
Australialow2176Australia
Austriaaverage2671Austria
Bosnia and Herzegovinan/a2191Bosnia and Herzegovina
Canadahigh2146Canada
Chilelow2236Chile
Chinan/a2251China
Colombiaaverage2266Colombia
Costa Ricalow2281Costa Rica
Croatiaaverage2296Croatia
Czech Republicaverage2806Czech Republic
Egyptlow2311Egypt
Germanyaverage2206Germany
Hong Konghigh2731Hong Kong
Hungaryaverage2341Hungary
Irelandaverage2686Ireland
Italyaverage2326Italy
Korea, Republic ofaverage2356Korea, Republic of
Malaysiaaverage2656Malaysia
Mexicoaverage2626Mexico
Montenegrolow2371Montenegro
New Zealandlow2386New Zealand
North Macedonialow2431North Macedonia
Perulow2416Peru
Philippinesaverage2401Philippines
Polandaverage2476Poland
Portugalaverage2491Portugal
Romanialow2791Romania
Serbialow2461Serbia
Sloveniaaverage2521Slovenia
Spainaverage2536Spain
Switzerlandhigh2701Switzerland
Thailandhigh2551Thailand
Turkeyhigh2746Turkey
United Kingdomlow2776United Kingdom
United Rep of Tanzanialow2761United Rep of Tanzania
United Stateshigh2581United States
Uruguayaverage2566Uruguay

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