Cryptocurrency Regulation
- Governments around the world are developing or have already implemented regulations for cryptocurrencies. China, for example, has banned cryptocurrency trading and mining, while countries like El Salvador have embraced Bitcoin as legal tender.
- Regulatory bodies like the U.S. Securities and Exchange Commission (SEC), Financial Action Task Force (FATF), and European Central Bank (ECB) have been working on defining the legal and regulatory framework for cryptocurrencies, addressing issues like anti-money laundering (AML) and know-your-customer (KYC) requirements.
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