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PHASE 1 : ASEAN
Taken as a single entity, ASEAN represents the world’s third largest market and one the largest economy.
 
PHASE 2 : GLOBAL ADVOCATES
Pioneer nations whose governments have taken steps to promote cryptocurrencies and drive parity for virtual currencies.
 
PHASE 3 : DEVELOPING
Nations that are progressing toward equal status for virtual currency, but there are still some barriers.
 
PHASE 4 : FENCE-SITTERS
Governments that have not called individual trading into question or that have stopped short of giving any legal or regulatory protection to users of cryptocurrencies.
 
PHASE 5 : HOSTILE
Governments that have taken steps to curtail virtual currencies, but stopped short of banning individuals from trading or exchang