The Cryptocurrency Storm is Coming: Policy Changes and Future Opportunities
Recently, the non-profit cryptocurrency think tank Coin Center published a compelling analysis article that delves into the cryptocurrency policy environment following the U.S. elections. While certain regulatory areas may see improvements, particularly in securities and banking regulations, the challenges of anti-money laundering (AML) and tax reporting cannot be overlooked. These challenges may force many innovators to choose to leave the U.S. market, which is concerning.
Coin Center has categorized cryptocurrency policy into two major areas: surveillance issues (such as tax reporting and sanctions) and investor protection issues (covering SEC and CFTC regulations). Specifically for developers of decentralized infrastructure, Coin Center highlighted the regulatory threats they face that could impact the development of the entire industry.
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