The landscape of cryptocurrency regulations is evolving globally. Here are some key developments:
1. **United States**:
– In 2023, the US made progress toward a regulatory framework for cryptocurrencies.
Bills like the **Financial Innovation and Technology (FIT) for the 21st Century Act** and the **Blockchain Regulatory Certainty Act** aimed to define crypto as a security or commodity, expand industry oversight, and clarify regulatory roles¹.
2. **European Union**:
– The EU introduced comprehensive cryptocurrency regulations in May 2023 called the **Markets in Crypto-Assets Regulation (MiCA)**. It requires licenses for companies issuing or trading crypto and mandates sender and beneficiary information for transfers starting in January 2026¹.
3. **Global Trends**:
– The International Organization of Securities Commissions (IOSCO) has laid out 18 recommendations for managing crypto and digital assets globally.
– Many other countries are enacting or considering regulatory schemes for digital assets¹.
– Keep in mind that regulations continue to evolve, so staying informed is crucial!
