A recent report highlights the increasing trend of global cryptocurrency regulation, with 51 countries and regions implementing laws to prohibit or restrict crypto assets. The “China Financial Stability Report (2024)” notes that some economies have adjusted existing laws or re-legislated to regulate the industry.
Regulatory Developments Around the World
Hong Kong has made significant progress in cryptocurrency compliance, introducing a “dual license” system that covers both security and non-security tokens. In contrast, the US Securities and Exchange Commission (SEC) has taken a more cautious approach. While the SEC approved the listing of a Bitcoin spot ETF in January 2024, Chairman Gary Gensler emphasized that this does not imply approval or recognition of Bitcoin products. Gensler warned investors to exercise caution when dealing with Bitcoin and other crypto-linked products, citing potential risks.
Separate Note
A separate announcement from PANews invites readers to participate in the 5th PANews Annual Selection and PARTY AWARD 2025, which recognizes pioneers pushing Web3 and Crypto into the mainstream. Nearly 300 projects and individuals have entered the voting stage, and readers can click on the provided link to vote and support their favorites.
Source: Panewslab.com
The post Global Cryptocurrency Regulation on the Rise appeared first on CoinBuzzFeed.