Countries are increasingly adopting digital currencies, but this varies between adopting existing cryptocurrencies as legal tender (like El Salvador for Bitcoin), regulating markets (like the European Union via MiCA), and developing their own digital currencies (CBDCs). This movement often begins in response to the growth of public usage (562 million global users in 2024) and increasing institutional interest, with a clear trend towards establishing legal and regulatory frameworks to secure the market and protect consumers.

Leading countries in adoption (cryptocurrencies):

El Salvador (2021): It was the first country to make $BTC Bitcoin legal tender alongside the US dollar, trying to attract investment and innovation.

Central African Republic (2022): It attempted to adopt Bitcoin but backed down after a year.

Marshall Islands (2018): It issued its own digital currency "Sovereign."

Regions focusing on regulation and legislation (example EU):

MiCA Regulation (2023-2024): The European Union launched a comprehensive framework to regulate crypto asset markets, setting strict rules for issuing stablecoins and providing digital asset services, gradually coming into effect.

Other countries: Countries like Ghana are preparing to launch legal frameworks to regulate the trading of cryptocurrencies (like Bitcoin) by mid-2025.

Iran: It mandated Bitcoin miners to sell what they mine to the central bank- $ETH $SOL