As known, cryptocurrency is now widely accepted by many countries but it has been banned in many countries. In addition, there are some countries that accept cryptocurrency but enforce strict regulations. Among these, US is mentioned definitely — the world’s №1 economy.

In the United States, no current regulations prohibit ICO. However, ICO projects still have to propose to the US Securities and Exchange Commission (SEC). SEC officially says that most ICOs are securities, which should be controlled by the SEC, as well as the anti-money laundering and AML / KYC requirements. In addition, the United States also banned international banks and credit card issuers from buying cryptocurrency.

In Asia, the Financial Services Authority of Japan (FSA) has developed stricter regulations to strengthen the protection of crypto AML / KYC laws. The FSA still issues warnings for Investors on many ICO projects lack transparency.

In Russia, the law only allows eligible investors to invest in coding money. The use of coded money brings with it serious risks, such as tools for criminal evasion, tax evasion, terrorist financing, and the spread of fraudulent schemes aimed at profiting from Russian citizens.

In general, the aim of tightening the regulations for the management of crypto governments by some developed and developing countries is to protect the interests of investors, protect national assets from international criminals. On the other hand, the tightening rules are also aiming at laying the groundwork for more open rules, contributing to the development of an effective legal framework for the operation of the crypto market in the future.

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