Should cryptocurrencies be regulated?

The failures of crypto issuers, exchanges, and hedge funds—as well as a recent slide in crypto valuations—have added impetus to the push to regulate. Applying existing regulatory frameworks to crypto assets, or developing new ones, is challenging for several reasons. For a start, the crypto world is evolving rapidly.

When will EU crypto rules be rolled out?

An EU finance minister meeting in Brussels approved rules that were thrashed out with the European Parliament, which gave its approval in April. The rules are expected to be rolled out from 2024. Regulating crypto has become more urgent for regulators after the collapse of crypto exchange FTX.

How have national authorities regulated crypto assets?

But national authorities have, on the whole, taken very different approaches to regulatory policy for crypto assets. At one extreme, authorities have prohibited the issuance or holding of crypto assets by residents or the ability to transact in them or use them for certain purposes, such as payments.

What is the best way to regulate crypto?

Caution, collaboration and neutrality are needed when approaching crypto regulation. The United States Congress is in the process of negotiating a bipartisan infrastructure bill with the hopes of passing sweeping legislation that will invest in areas such as transportation, climate initiatives, and broadband access.