14 JUL, 2022

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Exactly how can regulations be put on cryptocurrency?

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Lots of people assume that cryptocurrency is totally unregulated, but this isn't strictly the situation, a minimum of not in several established nations.

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In the United States, for example, cryptocurrency exchanges fall under the very same governing extent of the Bank Privacy Act - or BSA.

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What this indicates is that cryptocurrency exchange companies are obliged to be signed up with the United States Treasury's Financial Criminal Activity Enforcement Network.

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They have to have ample anti-money laundering and also counter-terrorist procedures in position and also they must likewise supply regular reports to federal government governing bodies.

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An approximated 16% of Americans have investments in cryptocurrency and also just recently….

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United States President Joe Biden authorized an exec order that directed United States federal government companies to collaborate…..

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Their efforts to regulate the digital property and also cryptocurrency market.

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