The United States

Though there is no definite direction as to what laws govern cryptocurrencies in this country, there have been several changes over the last year that have seen the (Securities Exchange Commission) SEC take a closer look at the sector. The commission has gone ahead to educate people on the risks involved in such investments to better enable investors to make the right choice. On top of that, they have shut down a considerable number of ICOs and looked into what laws they can bring in for regulation.

The secretary of the Treasury, Steve Mnuchin, voiced his concerns that cryptocurrencies could easily get used for illegal activities such as money laundering. There is thus a concern that lack of regulation on the sector, on the part of the government, as it tries to safeguard the interests of its people. However, these concerns also trickle down to investors who are unsure of whether the agencies will look at cryptocurrencies as securities or as a currency. Only time will tell.