Regulated Cryptocurrency Trading Is A Good Thing

Cryptocurrency regulation is an ongoing issue in the industry. The United States Securities and Exchange Commission (SEC) has spearheaded efforts to regulate cryptocurrencies, but other countries have also taken note of developments in the digital currency market.

The United States was one of the first countries to announce a regulatory framework for crypto exchanges, with the SEC's drafting rules requiring crypto exchanges to register with the agency and comply. strict rules on anti-money laundering (AML) and know your customer (KYC).

But even as the United States continues its efforts to regulate cryptocurrencies, other countries around the world are taking action against them and their users — which could make trading on exchanges difficult. difficult for Americans abroad. restrictions imposed by the regulatory authorities of their country of origin