Cryptocurrency has become a more significant factor in the global investment landscape, prompting governments around the world to explore ways to regulate it. Different countries have taken different approaches to regulating cryptocurrency, with some taking a progressive approach and others remaining on the fence.
In the US, regulators are likely to come down hard on cryptocurrency in coming years to slow the continuous arrival of new coins. Regulating cryptocurrency is a complex and shifting conversation that involves multiple paths of federal agency activity, presidential executive orders, and congressional efforts to legislate. Consumer and investor protection is likely to remain a near-universal focus area for policymakers.
To ensure effective regulation of cryptocurrencies, regulators must consider important themes such as custody and clearing services, financial stability risks, consumer protection, and anti-money laundering regulations. Navigating this complex regulatory landscape requires insights from leading authorities on blockchain technology and financial regulators. It also requires tools such as stablecoins legislation which could mark the first step towards effective regulation of cryptocurrencies.
As cryptocurrency continues to grow in popularity, it is essential that governments around the world continue to develop balanced crypto regulation frameworks that protect consumers while allowing for innovation in this asset class.