The Winds and Waves That Shaped the Global Crypto Policy Landscape in 2024

2024 was a pivotal year for crypto policy, shaped by growing waves of regulatory implementation, institutional adoption, and innovation; and strong headwinds caused by elections, the geopolitical climate, and the increasingly stretched resources of regulators. 

In this year’s Global Crypto Policy Review & Outlook 2024/25 report, TRM reviewed crypto policy developments in 24 jurisdictions, representing approximately 70% of global crypto exposure — covering the major policy, enforcement, and innovation developments in each jurisdiction.

Here are just a few of the highlights:

• Close to 60% of the 24 jurisdictions we reviewed introduced new policies or positions for digital assets, and about 70% made progress implementing regulations. Just under half made moves to support digital asset innovation.
• Out of the 24 jurisdictions we reviewed, almost 60% went to the polls this year. The market reaction to the US election was perhaps one of the biggest market events of 2024.
• 2024 was an increasingly tense year geopolitically, with intensifying conflicts across EMEA — increased sanctions put in place to constrain malign actors.
• 2024 also saw a proliferation of crypto hacks and ransomware attacks. As of early November, the number of hacks that occurred in 2024 was nearly 25% higher than the same period in 2023.
• Almost every jurisdiction in the world is in the midst of regulatory discussions about what their future digital financial system will look like — setting the stage for an interesting 2025.

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For the first time, the Global Crypto Policy Review & Outlook 2024/25 report also looked at data from TRM’s 2024 Crypto Adoption and Illicit Exposure Report — which captures the penetration of cryptocurrency usage in different jurisdictions, taking into account overall economic conditions — providing an added layer of context to the geo-by-geo analysis from our policy team. 

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Get your copy of the Global Crypto Policy Review & Outlook 2024/25 report — a must-read for policy makers, regulators, and crypto compliance teams alike.‍