World economies still lag in implementing comprehensive crypto regulations
NEW YORK
Despite the rising popularity and price of Bitcoin and other cryptocurrencies, most countries remain behind in establishing comprehensive regulatory frameworks for crypto assets, according to a new report.
Bitcoin, the world’s largest cryptocurrency, has brought crypto regulations into global focus, with both its record-breaking price trend and the optimism arising from Congress’ efforts to establish stablecoin legislation.
Cryptocurrencies have become a staple of the global financial system since their emergence in 2008. However, their potential risks to markets, investors, and even the environment have prompted international debate and increased calls for stronger oversight.
According to a study…
