East vs. West: United States Chokes Crypto While Hong Kong Banks on It
As the crypto industry continues to grapple with regulatory uncertainty, there is a growing divide between East and West in
Regulations are the legal and procedural frameworks governments enact to shape many different aspects of digital assets. Regulations may address how digital money is created, bought, sold, and traded.
Cryptocurrency regulations across jurisdictions can range from detailed rules designed to support blockchain users to outright bans on trading them. A high-quality regulatory framework is crucial for achieving mass adoption of cryptocurrencies.
One key benefit of crypto regulation is the increased protection it offers investors. By imposing stricter compliance requirements on cryptocurrency businesses, regulatory oversight can help minimize fraudulent activities, scams, and Ponzi schemes.
It also clarifies tax rules, boosts investor confidence, encourages blockchain innovation, facilitates interoperability, reduces systemic risk, and promotes inclusion.
To get latest changes and amendments in Regulations, visit CryptoTale.
As the crypto industry continues to grapple with regulatory uncertainty, there is a growing divide between East and West in
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Justin Sun, founder of TRON and leader of Huobi exchange, recently expressed his agreement with Coinbase CEO Brian Armstrong’s comments
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