These countries have cryptocurrency regulations, governing crypto transactions.
Cryptocurrency has been here for a long time now. However, its mainstream adoption has boosted lately with 2020 being a remarkable year to add to its significance. But 2021 is a major push as countries across the globe have tried accepting cryptocurrency in some form or the other. Similarly, these countries have also been working on cryptocurrency regulations to govern the process of exchanging through crypto.
We still are yet to witness international regulations on cryptocurrency. However, looking at the evolving landscape of crypto, it is quite evident that we may witness it soon. Today, we will know about different countries that have managed to set government regulations on cryptocurrency.
The United States
While cryptocurrency is legal in the states, there is no comprehensive regulation to govern crypto activities. For example, the Financial Crimes Enforcement Network (FinCEN) puts across cryptocurrency to be money transmitters. On the other hand, The Internal Revenue Service (IRS) puts across cryptocurrency as property, a digital one. However, cryptocurrency exchanges fall under the Bank Secrecy Act (BSA). Also, the US Securities and Exchange Commission (SEC) puts across cryptocurrencies to be securities on which security laws are very much applicable.
The European Union
The EU has been in the limelight as it is one of the initial countries to make cryptocurrency legal across the EU….
