- Increased government oversight
- Stricter regulations on ICOs and token offerings
- Enhanced consumer protection measures
- Global cooperation for standardization
Increased Government Oversight
In 2024, we can expect governments to ramp up their oversight of cryptocurrency activities, aiming to curb illicit activities and ensure compliance with tax and anti-money laundering laws.
Stricter Regulations on ICOs and Token Offerings
Regulators are likely to impose stricter regulations on initial coin offerings (ICOs) and token offerings to protect investors from fraudulent schemes and ensure transparency in fundraising activities.
Enhanced Consumer Protection Measures
To safeguard consumers, regulators may introduce measures to enhance the security of cryptocurrency transactions, protect against fraud, and provide avenues for dispute resolution in the event of losses.
Global Cooperation for Standardization
In 2024, we can anticipate increased efforts towards global cooperation among regulators to establish standardized guidelines for cryptocurrency regulations, aiming to create a more cohesive and consistent regulatory framework across different jurisdictions.