#CryptoRegulation Control over cryptocurrency can mean different things depending on the context - here are the main directions:
1. Control over your assets
If you want to control your cryptocurrency, it's important:
Store in cold wallets (for example, Ledger, Trezor) - they are not connected to the internet.
Use your private keys - do not trust centralized exchanges (for example, FTX showed the risks).
Two-factor authentication (2FA) and backup phrases (seed phrase) - ensure security.
2. State control over cryptocurrency
When it comes to state or regulatory control:
Licensing of exchanges and wallets - KYC (know your customer) requirement.
Taxation - tracking transactions for taxation (for example, through blockchain analytics).
Bans or restrictions - in some countries (for example, China), cryptocurrency is completely banned.
3. Control over transactions (analysis and tracking)
There are tools that allow you to track cryptocurrency movements:
Chainalysis, CipherTrace, Elliptic - analyze the blockchain and link addresses to individuals or organizations.
All transactions on the blockchain are public (in most networks), so control is possible through analytics.
Do you want to manage crypto for yourself, as a trader/investor, or are you interested in control at the state or business level?
