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Examining global successes and challenges in regulating crypto: Report

Published 05/04/2023, 12:14 PM
Updated 05/04/2023, 02:20 PM

The use and popularity of cryptocurrencies have significantly increased in recent years, but their decentralized nature makes them difficult to regulate, and the lack of a clear framework has led to concerns about money laundering, terrorist financing and consumer protection. Over 90 countries have introduced cryptocurrency regulations since 2014, with 28 adopting crypto-related laws in 2022.

The Cointelegraph Research Blockchain Regulation Database provides an overview of the legal landscape surrounding blockchain and cryptocurrency worldwide as well as the regulations that apply to various activities. Through its user-friendly interface, the database provides information on matters such as the legal status of crypto in multiple jurisdictions, the latest news and updates, and compliance assistance with Anti-Money Laundering (AML) and Combating the Financing of Terrorism requirements. It’s updated weekly and reviewed monthly for perfect data accuracy, meaning it can be a helpful tool for those involved in the crypto space.

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