In 2022, Brazil, El Salvador, the United Arab Emirates, and other countries made a difference in crypto.

In terms of crypto reputation, last year was not the best among regulators and policymakers. However, some officials have found the courage to embrace innovation, even in the midst of market collapse and repeated public attacks on the industry. Indeed, the United Arab Emirates and El Salvador have continued to advance their crypto agenda and the United Kingdom has made great efforts to lay the regulatory groundwork. For their part, Brazil and the Central African Republic have legally recognized cryptocurrencies.

Furthermore, Brazil finally got its own regulatory framework in 2022. Jair Bolsonaro , the former president of Brazil, signed a bill legalizing the use of crypto as a means of payment in the country. When it comes to crypto, Britain's turbulent government has never stopped working on regulation. The Financial Services and Markets Bill, introduced in July style="font-family: "Bookman Old Style”, "serif">, reaffirmed the ; the United Kingdom's intention to become a global cryptocurrency hub.