#CryptoRegulation

Key points regarding the regulation of digital currencies

Importance of regulation.

Firstly, to protect consumers, including businessmen and traders, from fraud and illegal operations that will spread quickly, and without regulation, the system will collapse quickly, causing many individuals and institutions to lose their money.

Secondly, market stability.

Providing a regulatory framework that helps reduce extreme fluctuations in the market. As we know, the digital currency market is volatile; one day we see a currency sky-high, and the next day we find it at rock bottom. Therefore, there must be a process to regulate what happens in the market.

Model of the regulatory process.

Registration and licensing by imposing registration and licensing requirements on companies dealing with cryptocurrencies.

Disclosure and transparency by requiring companies to disclose financial transactions with full transparency.

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