#USStablecoinBill

Cryptocurrency regulations and laws around the world .. Rapid changes

2024/05/19

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- Cryptocurrencies are often synonymous with chaos and lack of regulation, however, this is quickly starting to change as governments around the world are now considering implementing organized rules for digital currencies.

- The regulation of crypto assets has been under consideration for some time, but there is now an increasing sense of the need for re-evaluation, especially after a series of bank collapses linked to cryptocurrency asset activities.

- According to Reuters, these incidents seem to have prompted moves to propose accounting and reporting guidelines for crypto assets.

- In the European Union, work has been underway to establish rules for such platforms prior to the bankruptcy of the cryptocurrency exchange FTX.

- From American legislation to cryptocurrency regulation to British regulations, here is a summary of the latest regulatory changes for cryptocurrencies, according to a report published by the World Economic Forum.