Cryptocurrencies are currently legal in 119 countries and four British Overseas Territories. This means that more than half of the countries in the world have legalized cryptocurrencies. 64.7% of countries that have legalized cryptocurrencies are emerging and developing countries on the Asian and African continents.

Cryptocurrency is legal in some countries, but illegal in others. The United States, Canada, Singapore, United Kingdom, and South Korea are countries where cryptocurrency exchanges are legal. Countries such as China, Morocco, Iraq, and Qatar have completely banned cryptocurrencies.