LIVEBitcoinETF is an important milestone in the Crypto industry.
Eliminating borders: Globally harmonized regulation for the digital economy
After being approved for an ETF, outside cash flow will pour into crypto extremely strongly.
However, there will be separate legal frameworks for crypto people.
One of the important priorities is
"The problem with inconsistent regulations"
Currently, some countries have regulatory regimes for digital asset service providers, while others do not, and even those that do have regulatory regimes may vary. each other in terms of definition, behavior and business requirements. In different countries, cryptocurrencies, an integral part of the blockchain and digital asset ecosystem, may be overseen by different types of regulators, depending on how the asset is classified. that property in a given jurisdiction. Furthermore, there are major differences in how countries approach taxation of crypto assets.
Much more importantly, the increasing complexity and fragmentation of requirements creates additional challenges for accessibility,
User safety and security – influences the level of choice, competition and value people face.
At worst, it could push consumers to unregulated markets or operators.
What about Binance??
In recent years, Binance has always complied with the law very well
Binance also helps trace and handle cyber security crimes in coordination with countries to investigate.
Investigation cooperation and more
The US agencies noted Binance's cooperation in the investigation and the corrective measures it has taken, as well as Binance's proactive work with law enforcement agencies globally.
FinCEN states that “Binance cooperates closely with law enforcement agencies around the world regarding this type of illegal activity
If you are using binance, don't forget to like and retwee this post.
I will go to the next part.
