One of the many reasons cryptocurrencies have gained in popularity is the decentralized networks and ability to use cryptocurrencies across the globe. The use of cryptocurrencies, particularly the established cryptocurrencies, eliminates the need for multiple currency exchanges and challenges in converting between different fiat currencies.
However, the same issues that make cryptocurrencies so important also create the potential for misuse of the currencies in money laundering, ransomware schemes, and in the potential for funding terrorism and other illegal enterprises.
One of the more controversial issues in cryptocurrency regulation news is the lack of a clear understanding of how to manage this currency effectively. While some countries are attempting to create regulations around cryptocurrencies, other countries are simply banning their use within geographical borders.
Fears of Over-Regulation
A constant concern in many cryptocurrency regulation news articles is the concern about over-regulation of the assets. If this occurs on a large scale, it can dramatically decrease the ability to use the technology. This may limit the positive impact that cryptocurrencies have on various economies and businesses around the world.
One of the issues that is often not addressed in these discussions is the risk of regulating the technology that is needed to build the blockchain. Should this become a central focus for regulation, it is possible that cryptocurrency regulation news will focus on the big players in the market, while the ICOs will struggle to access the technology if it is no longer neutral within the sector.
Cryptocurrency regulation news is constantly evolving. To follow the latest, be sure to bookmark Blockchain Asset Review and read the latest articles at Sitename.
