Regulation
The BIS notes that a third of jurisdictions do not develop crypto regulations
Most jurisdictions that responded to a Bank for International Settlements (BIS) survey are developing cryptocurrency regulation, although central bank uncertainty over its use remains.
Some 86 central banks responded to the 2023 BIS survey on central bank digital currency (CBDC) and cryptocurrency. About two-thirds said their jurisdictions are developing regulatory frameworks.
About half are developing bespoke regulations as the features and risks associated with cryptocurrencies would not fit into those regulations