The year 2024 is particularly crucial for global blockchain regulation, as the regulatory framework for the cryptocurrency industry is preliminarily完善, and cryptocurrency assets are integrating into the mainstream financial system.
The approval of Bitcoin and Ethereum ETFs in the United States has propelled the mainstreaming of cryptocurrencies.
As the new government led by Trump is about to take office, the new chairman of the Securities and Exchange Commission (SEC), Paul Atkins, will take office, signaling a potential shift from the previous SEC's 'enforcement-based regulation' model to an 'information disclosure-based regulation' approach. The establishment of a White House Chief of Artificial Intelligence and Cryptocurrency Affairs also indicates a friendlier, more flexible, and innovative regulatory policy for cryptocurrencies.
In Europe, the stablecoin regulatory bill (Markets in Crypto-Assets Regulation) (MiCA) has officially come into full effect, accelerating the competition among stablecoin companies. In the Asia-Pacific region, Hong Kong has also...
In the month, Bitcoin and Ethereum spot ETFs were approved, and 4 new members were added to the virtual asset exchange.
New members. In terms of stablecoins, Hong Kong has launched a stablecoin sandbox and a stablecoin bill.
In other regions of Asia, such as Vietnam, the government has released the National Blockchain Development Strategy. In Russia, regulations for cryptocurrency mining have come into effect. Additionally, in the Middle East and North Africa, as well as in the Americas, the UAE, Qatar, and Argentina have also shown positive policy innovations regarding cryptocurrency regulation.
At the end of the year, PANews has summarized the significant regulatory progress in the global cryptocurrency market. Under different regulatory systems around the world, the cryptocurrency market is expected to present a completely different landscape next year.
