#CryptoRegulation The growth of cryptocurrency from speculative investment to a new asset class has prompted governments around the world to explore ways to regulate it. As of September 2024, some governments have created frameworks to provide protection for users, while others bide their time.As cryptocurrency has become a more significant factor in the global investment landscape, countries have taken different approaches to regulating the asset class.

The European Union became the first to adopt measures requiring crypto service providers to detect and stop illicit cryptocurrency uses.

The U.S. is slowly approaching regulation, but users, issuers, businesses, and regulators are busy battling it out in the court system.

In other countries, cryptocurrency is subject to different classifications and tax treatment.$XRP