Joachim Wuermeling, Member of the Board of the German Bundesbank, suggested that any attempt to regulate cryptocurrencies would require international cooperation. Speaking at an event in Frankfurt on January 15, the director told listeners:

"Effective regulation of virtual currencies would therefore be possible only through the most After the Chinese government banned national cryptocurrency trading in September, many Chinese cryptographers simply shifted their activities to stock exchanges in Japan, and possibly South Korea, according to some analysts. analysts.

Many countries have already tried different ways to control cryptocurrence: China has put in place the strictest controls, banning cryptographic exchanges and ICOs, and now trying to shut down all " similar services "

The Minister of Justice of South Korea recently proposed a trade ban and the government has put in place Other controls face what some see as a "cryptocurrency craze" in the country. Russia has suggested a certain legality for exchanges on "official exchanges".

The United States sees regulation of cryptocurrency at both the federal and state levels. The Securities and Exchange Commission (SEC) has issued multiple warnings against crypto investors last year and has already taken action against Blockchain or companies related to crypto. At the state level, Texas regulators recently issued a cease and desist order against a UK-based crypto company that allegedly sold unlicensed securities to Texas residents.