The ones sitting on the fence
Surprisingly, one of the biggest nations on our planet remains largely unmoved by the vast variety of existing cryptos
. In India, there is no clear law about the legality of bitcoin and other cryptocurrencies, even though bitcoin in particular is increasingly used to pay for goods and services. Further east, Malaysia has opted not to acknowledge bitcoin as legal tender yet, while New Zealand’s Reserve Bank views cryptocurrencies as a "vulnerability" and more like a payment system than a currency.
Belgium could not be any more on the fence if they tried. The government published a warning to all Belgians explaining that there is no government oversight on bitcoin and other cryptocurrencies. Belgium, along with many of the European Union (EU) member states, is waiting on EU guidance before choosing which side to take.