| India | open | 13 | 1430 | taxed but legal; CoinDCX and WazirX list ZEC/INR alongside the global venues |
| China | banned | 0 | 1410 | all crypto trading banned |
| United States | open | 13 | 340 | Coinbase, Kraken, Gemini list ZEC |
| Indonesia | banned | 0 | 277 | OJK POJK 27/2024 traceability rule bars ZEC; Indodax delisted 2024 |
| Pakistan | partial | 11 | 245 | regulation in flux |
| Nigeria | partial | 11 | 224 | ISA 2025 licensing live (Quidax/Busha); ZEC not on licensed venues — P2P/offshore |
| Brazil | open | 11 | 216 | Binance lists ZEC; Foxbit does not and Mercado Bitcoin is unverified |
| Bangladesh | banned | 0 | 173 | crypto trading illegal |
| Russia | partial | 11 | 144 | restricted; sanctions limit access |
| Mexico | partial | 11 | 129 | Bitso does not list ZEC; global exchanges only |
| Ethiopia | banned | 0 | 127 | central bank bans crypto trading |
| Japan | banned | 0 | 124 | privacy coins barred by the FSA |
| Philippines | banned | 0 | 118 | BSP Memo M-2026-023 bars privacy coins on licensed VASPs |
| Egypt | banned | 0 | 113 | crypto restricted |
| DR Congo | partial | 11 | 102 | legal but unregulated; ZEC via Binance P2P only |
| Vietnam | partial | 11 | 99 | 2026 licensing; no licensed ZEC listing yet |
| Iran | banned | 0 | 89 | sanctioned; trading restricted |
| Turkey | banned | 0 | 86 | delisted from licensed BtcTurk/Paribu; offshore restricted |
| Germany | partial | 11 | 84 | ZEC tradable now; EU AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Thailand | banned | 0 | 72 | SEC bars privacy coins on licensed exchanges |
| United Kingdom | open | 11 | 68 | non-EU; Kraken/Coinbase list ZEC |
| France | partial | 11 | 68 | ZEC still tradable (Binance kept ZEC); EU AMLR delisting mandate 10 Jul 2027 |
| Tanzania | partial | 11 | 67 | no local regime; offshore only |
| South Africa | open | 12 | 60 | VALR (FSCA-licensed) trades ZEC/USDC; Luno no longer lists it |
| Italy | partial | 11 | 59 | ZEC still tradable (Binance kept ZEC); EU AMLR delisting mandate 10 Jul 2027 |
| Kenya | partial | 11 | 55 | VASP Act assented Oct 2025; regs still draft, licensing not yet live — offshore only |
| Myanmar | banned | 0 | 54 | central bank bans all crypto trading |
| South Korea | banned | 0 | 52 | privacy coins delisted 2021 |
| Colombia | open | 11 | 52 | |
| Uganda | partial | 11 | 48 | no local regime; BoU bars licensed entities from crypto; offshore/P2P only |
| Sudan | partial | 11 | 48 | P2P legal but mining banned, no fiat crypto payments; offshore/VPN only |
| Spain | partial | 11 | 48 | ZEC still tradable (Binance kept ZEC); EU AMLR delisting mandate 10 Jul 2027 |
| Argentina | open | 11 | 46 | |
| Algeria | banned | 0 | 45 | total ban (Law 25-10, 2025): possession criminalized |
| Iraq | banned | 0 | 45 | crypto banned |
| Afghanistan | banned | 0 | 42 | Taliban/central bank banned crypto 2022; exchanges shut, dealers arrested |
| Canada | open | 11 | 39 | Coinbase, Kraken |
| Ukraine | partial | 11 | 38 | no domestic regulated market yet; offshore only |
| Poland | partial | 11 | 38 | ZEC still tradable (Binance kept ZEC); EU AMLR delisting mandate 10 Jul 2027 |
| Morocco | partial | 11 | 38 | 2017 ban de-facto; Bill 42.25 (MiCA-style) in review 2026; P2P grey market for now |
| Saudi Arabia | partial | 11 | 37 | unregulated; access via global |
| Angola | partial | 11 | 37 | no crypto regime; BNA warns against it; offshore/P2P only |
| Uzbekistan | partial | 11 | 35 | licensed-exchange regime |
| Peru | open | 11 | 34 | |
| Malaysia | partial | 11 | 34 | ZEC not on SC approved-asset list; offshore only |
| Ghana | partial | 11 | 34 | VASP Act passed Dec 2025; BoG registration Mar 2026 (not a license); offshore/P2P only |
| Yemen | partial | 11 | 34 | conflict; no framework, unregulated, CBY curbs on unlicensed services |
| Mozambique | partial | 11 | 34 | no crypto regime; unregulated; offshore/P2P only |
| Côte d'Ivoire | partial | 11 | 31 | WAEMU; no local regime; offshore/P2P only |
| Madagascar | partial | 11 | 30 | no crypto regime; unregulated; offshore/P2P only |
| Nepal | banned | 0 | 30 | crypto banned |
| Cameroon | partial | 11 | 29 | CEMAC/COBAC bars banks from crypto; ownership legal; offshore/P2P only |
| Venezuela | partial | 11 | 28 | |
| Niger | partial | 11 | 26 | WAEMU; no local regime; offshore/P2P only |
| North Korea | banned | 0 | 26 | sanctioned, no legal crypto market; global exchanges barred |
| Australia | partial | 12 | 26 | no Australian venue offers ZEC custody: CoinSpot, BTC Markets and Independent Reserve list none, Swyftx is trade-only with transfers disabled; offshore for on-chain |
| Burkina Faso | partial | 11 | 23 | WAEMU; no local regime; offshore/P2P only |
| Taiwan | partial | 11 | 23 | no privacy-coin ban, but ZEC absent from licensed venues; offshore legal |
| Syria | partial | 11 | 23 | sanctions lifted 2025 but no framework; mining banned, exchange access limited |
| Mali | partial | 11 | 23 | WAEMU; no local regime; offshore/P2P only |
| Sri Lanka | partial | 11 | 22 | no licensed exchanges; offshore only |
| Malawi | partial | 11 | 21 | RBM warns against crypto; unregulated; offshore/P2P only |
| Zambia | partial | 11 | 21 | not legal tender; FIs barred; no legislation yet; offshore/P2P only |
| Romania | partial | 11 | 19 | EU AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Chile | open | 11 | 19 | |
| Kazakhstan | partial | 11 | 19 | AIFC venues reject anonymity coins; offshore only |
| Chad | partial | 11 | 18 | CEMAC/COBAC FI ban; ownership legal; offshore/P2P only |
| Senegal | partial | 11 | 18 | WAEMU; no local regime; offshore/P2P only |
| Somalia | partial | 11 | 18 | no crypto regime; central bank warned on ZEC/Monero; offshore/P2P only |
| Netherlands | partial | 11 | 18 | Bitvavo no longer lists ZEC (nor any privacy coin); offshore only, and EU AMLR delisting lands 10 Jul 2027 |
| Ecuador | partial | 11 | 18 | banking crypto barred; offshore only |
| Guatemala | open | 11 | 18 | |
| Cambodia | partial | 11 | 17 | 2025 rules license only 2 firms; TRC blocked 16 offshore exchanges |
| Zimbabwe | partial | 11 | 17 | VASP registration live 2026 (SI 99); no licensed ZEC venue; offshore/P2P |
| Guinea | partial | 11 | 14 | no crypto regime; unregulated; offshore/P2P only |
| Rwanda | partial | 11 | 14 | BNR warns against crypto; VASP framework drafting; offshore/P2P only |
| Benin | partial | 11 | 14 | WAEMU; no local regime; offshore/P2P only |
| Burundi | partial | 11 | 13 | central bank warned against crypto; unregulated; offshore/P2P only |
| Tunisia | banned | 0 | 12 | 2018 BCT ban; crypto use illegal, up to 5 yrs prison; reform bill pending |
| Bolivia | open | 11 | 12 | ban lifted 2024; Binance serves residents |
| Belgium | partial | 11 | 12 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| South Sudan | partial | 11 | 12 | no crypto regime; unregulated; offshore/P2P only |
| Haiti | partial | 11 | 12 | crypto legal but unregulated; thin market |
| Jordan | partial | 11 | 11 | 2014 ban lifted 2025; now licensed-only regime, global majors not clearly serving |
| Dominican Republic | open | 11 | 11 | crypto legal; global exchanges serve residents |
| Cuba | partial | 11 | 11 | state-licensed VASPs only; US sanctions block Binance/Coinbase/Kraken |
| Czech Republic | partial | 11 | 11 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Honduras | open | 11 | 11 | crypto legal; global exchanges serve residents |
| Sweden | partial | 11 | 10 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Greece | partial | 11 | 10 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Portugal | partial | 11 | 10 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Tajikistan | partial | 11 | 10 | grey zone; no registered exchanges, trading unregulated |
| Papua New Guinea | partial | 11 | 10 | legal grey area; BPNG warnings, no local licensed exchanges |
| Azerbaijan | partial | 11 | 10 | crypto legal but unregulated grey area; licensing law pending |
| Israel | open | 11 | 10 | crypto legal and regulated; Binance, Kraken serve residents |
| Hungary | partial | 11 | 10 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| United Arab Emirates | partial | 11 | 10 | VARA/DFSA bar privacy tokens (DFSA names ZEC); UAE-based Bybit has dropped ZEC; global reach only |
| Austria | partial | 11 | 9 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Belarus | partial | 11 | 9 | crypto legal only via HTP-licensed domestic exchanges, not global ones |
| Togo | partial | 11 | 9 | WAEMU; no local regime; offshore/P2P only |
| Switzerland | open | 11 | 9 | non-EU; FINMA-regulated venues list ZEC |
| Sierra Leone | partial | 11 | 9 | no crypto regime; unregulated; offshore/P2P only |
| Laos | partial | 11 | 8 | legal under pilot; local-licensed only, offshore exchanges grey |
| Libya | banned | 0 | 7 | central bank declared crypto illegal; miners prosecuted/jailed 2025 |
| Kyrgyzstan | partial | 11 | 7 | legal under 2022 VA law; only licensed local exchanges, not global majors |
| Nicaragua | partial | 11 | 7 | crypto legal but unregulated/grey; offshore access |
| Bulgaria | partial | 11 | 7 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Paraguay | open | 11 | 7 | crypto legal; global exchanges serve residents |
| Serbia | open | 11 | 7 | crypto legal and regulated; global exchanges serve residents |
| Turkmenistan | partial | 11 | 6 | legalized Jan 2026 under tight state control; no anonymous wallets, not payment |
| El Salvador | open | 11 | 6 | Bitcoin legal tender; very open crypto market |
| Republic of the Congo | partial | 11 | 6 | CEMAC/COBAC FI ban; ownership legal; offshore/P2P only |
| Singapore | partial | 11 | 6 | no MAS ban, but Crypto.com has dropped ZEC; offshore only |
| Denmark | partial | 11 | 6 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Central African Republic | partial | 11 | 6 | CEMAC FI ban; Sango project stalled; ZEC via offshore/P2P only |
| Somaliland | partial | 11 | 6 | no crypto regime; unregulated; offshore/P2P only |
| Finland | partial | 11 | 6 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Norway | partial | 11 | 6 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Slovakia | partial | 11 | 5 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Liberia | partial | 11 | 5 | no crypto regime; unregulated; offshore/P2P only |
| Lebanon | partial | 11 | 5 | legal-grey; banks barred from crypto, trading via P2P only |
| Palestine | partial | 11 | 5 | legal-grey; no PMA framework, banks avoid crypto transactions |
| Ireland | partial | 11 | 5 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| New Zealand | open | 11 | 5 | crypto legal; Coinbase, Kraken, Binance serve residents, ZEC listed |
| Costa Rica | open | 11 | 5 | crypto legal; global exchanges serve residents |
| Mauritania | partial | 11 | 5 | no crypto regime; unregulated; offshore/P2P only |
| Oman | partial | 11 | 5 | VASP registration exists; full virtual-asset framework still being built |
| Panama | open | 11 | 4 | crypto legal; global exchanges serve residents |
| Kuwait | banned | 0 | 4 | 2023 absolute prohibition on crypto payments, investment and mining |
| Croatia | partial | 11 | 4 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Georgia | open | 11 | 4 | crypto legal; Binance/KuCoin serve residents |
| Eritrea | partial | 11 | 4 | no crypto regime; tight currency controls; offshore/P2P only |
| Mongolia | partial | 11 | 4 | legal; regulated local VASPs (FRC-licensed), not global majors |
| Uruguay | open | 11 | 3 | crypto legal; VASP law pending; global exchanges list ZEC |
| Bosnia & Herzegovina | open | 11 | 3 | crypto legal; global exchanges serve residents |
| Puerto Rico | open | 11 | 3 | US territory; Coinbase/Kraken list ZEC |
| Armenia | open | 11 | 3 | crypto legal; Binance/KuCoin serve residents |
| Lithuania | partial | 11 | 3 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Albania | open | 11 | 3 | crypto legal; global exchanges (Binance, Kraken) serve residents |
| Gambia | partial | 11 | 3 | no crypto regime; unregulated; offshore/P2P only |
| Jamaica | open | 11 | 3 | crypto legal; global exchanges serve residents |
| Qatar | banned | 0 | 3 | crypto trading banned; 2024 framework excludes cryptocurrencies/stablecoins |
| Namibia | partial | 11 | 3 | Virtual Assets Act 2023; sandbox VASPs barred from residents; ZEC via global/P2P |
| Moldova | open | 11 | 2 | crypto legal; global exchanges serve residents |
| Botswana | partial | 11 | 2 | Virtual Assets Act; only Yellow Card licensed (no ZEC); ZEC via global/P2P |
| Gabon | partial | 11 | 2 | CEMAC/COBAC FI ban; ownership legal; offshore/P2P only |
| Lesotho | partial | 11 | 2 | CBL sandbox only; no licensed ZEC venue; offshore/P2P only |
| Guinea-Bissau | partial | 11 | 2 | WAEMU; no local regime; offshore/P2P only |
| North Macedonia | open | 11 | 2 | crypto legal; global exchanges serve residents |
| Slovenia | partial | 11 | 2 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Latvia | partial | 11 | 2 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Equatorial Guinea | partial | 11 | 2 | CEMAC/COBAC FI ban; ownership legal; offshore/P2P only |
| Kosovo | open | 11 | 2 | crypto legal; global exchanges serve residents |
| Trinidad and Tobago | open | 11 | 2 | crypto legal; global exchanges serve residents |
| Estonia | partial | 11 | 1 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Timor-Leste | partial | 11 | 1 | no crypto framework; central bank still exploring, grey zone |
| Cyprus | partial | 11 | 1 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Eswatini | partial | 11 | 1 | CBE sandbox only; no licensed ZEC venue; offshore/P2P only |
| Djibouti | partial | 11 | 1 | no crypto regime; unregulated; offshore/P2P only |
| Fiji | banned | 0 | 1 | RBF banned all VASPs Aug 2025; local funds can't buy crypto |
| Bhutan | partial | 11 | 1 | crypto limited to state entities (Gelephu); no public on-ramp via banks |
| Guyana | partial | 11 | 1 | crypto legal but unregulated; thin market, offshore access |
| Luxembourg | partial | 12 | 1 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Solomon Islands | partial | 11 | 1 | unregulated; CBSI warns public, use at own risk, no exchanges |
| Montenegro | open | 11 | 1 | crypto legal; global exchanges serve residents |
| Western Sahara | partial | 11 | 1 | disputed territory; no crypto regime; offshore/P2P only |
| Suriname | partial | 11 | 1 | crypto legal but unregulated; thin market, offshore access |
| Brunei | partial | 11 | 0 | not legal tender, unregulated by AMBD; no mainstream exchange presence |
| Iceland | partial | 11 | 0 | EU/EEA; ZEC tradable now but AMLR privacy-coin delisting mandate 10 Jul 2027 |
| Northern Cyprus | partial | 11 | 0 | unrecognized state; unregulated crypto, offshore-only access |
| Bahamas | open | 11 | 0 | crypto legal (DARE Act); global exchanges list ZEC |
| Belize | partial | 11 | 0 | crypto legal but unregulated; offshore/global access only |
| New Caledonia | partial | 11 | 0 | French territory; no local exchanges, EU-linked grey status |
| Vanuatu | partial | 11 | 0 | VASP Act 2025 legalized/licenses crypto; offshore-oriented, grey |
| Greenland | open | 11 | 0 | not in EU/EEA; Danish/global exchange access, crypto legal |
| Falkland Islands | open | 11 | 0 | UK territory; tiny pop; global exchanges list ZEC |