- Increased government oversight and regulation
- Stricter compliance protocols for cryptocurrency exchanges
- Enhanced consumer protection measures
Increased government oversight and regulation
In 2024, governments around the world have implemented stricter regulations on the use and trading of cryptocurrencies. This includes measures to combat money laundering, tax evasion, and other illicit activities associated with digital currencies.
Stricter compliance protocols for cryptocurrency exchanges
Cryptocurrency exchanges are now required to adhere to more stringent compliance protocols to ensure the legitimacy of transactions and the security of user funds. This includes implementing robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures.
Enhanced consumer protection measures
To protect consumers from fraud and scams, regulators have introduced new measures to increase transparency and accountability within the cryptocurrency industry. This includes requirements for clear disclosure of risks and potential returns associated with investing in digital assets.