- Increased government oversight and regulation of cryptocurrency transactions
- Stricter compliance guidelines for cryptocurrency exchanges and trading platforms
- Enhanced anti-money laundering (AML) and know your customer (KYC) requirements
Increased Government Oversight and Regulation
In 2024, governments around the world have ramped up their efforts to regulate and oversee cryptocurrency transactions. This includes implementing new laws and regulations to address the growing use of digital currencies in various sectors.
Stricter Compliance Guidelines for Exchanges
Cryptocurrency exchanges and trading platforms are facing stricter compliance guidelines to ensure transparency and security in the industry. This includes measures to prevent fraud, market manipulation, and other illicit activities.
Enhanced AML and KYC Requirements
To combat money laundering and terrorist financing, regulators have imposed enhanced anti-money laundering (AML) and know your customer (KYC) requirements on cryptocurrency businesses. This is aimed at increasing transparency and accountability in the use of digital assets.