At a time Cryptocurrency ecosystem stakeholders in India are keeping their fingers crossed, with a hope that India will come up with rules to regulate them instead of announcing a blanket ban, a statement by Prime Minister Narendra Modi has contributed to more suspense on the issue. In a virtual summit hosted by US president Joe Biden, Modi said that emerging technologies such as cryptocurrencies should be used to empower democracy, not undermine it. The statement comes at a time when the entire world is coming up with its own set of regulations to deal with the emerging asset class. While some countries have banned cryptocurrency entirely, others have tried to partially control their flow in the economy. Outlook Business looks at the way different countries in the world have tried to regulate cryptocurrencies.