Potential Impact of Crypto Regulation!

Crypto is still relatively new. So to many they are quite unstable. There are many cryptos in particular that have very questionable practices. And for all these reasons investing in them can become scary for investors, so global crypto regulation and the limits it can create are important, along with the price of crypto. But again, these are things that could happen in the name of regulation that could affect the future of the industry as well, as strict regulations could lead to a significant drop in crypto prices. Simply put, nothing can be ruled out. As such resolutions are needed to regulate arbitrary cryptos, conversely some resolutions can cause the price of cryptos to drop significantly.

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Nowadays we all keep updated with the market. Many of us know how the United States Securities and Exchange Commission (SEC) is currently imposing new regulations on the crypto industry and how it is treating the crypto industry. Because of which we often see many ups and downs in the market. Where crypto regulations are supposed to be friendly, the resolution seen by the US Securities and Exchange Commission does not seem like this country is crypto friendly. Because their actions always seem like they consider the crypto industry to be very much a competitor.

We can currently see how the United States financial watchdog indicted the largest crypto exchange Binance and charged its SEO with various penalties including fines. Recently we saw the resignation of CZ as CEO of Binance and Binance Holdings. The U.S. financial watchdog is claiming it has agreed to pay $4.3 billion to end its investigation after pleading guilty to violating the Bank Secrecy Act and other laws. Because of this, many people are currently speculating about the future of Binance. Many have heard that Binance may be shut down, although there is no basis for this.

Most states are not taking kindly to crypto. Rather it seems that crypto is trying to stop them in the name of Rules and Resolutions. As we look at the initiatives of the United States security and exchange commission, it seems that they are not really crypto-friendly. But some countries, including Dubai, El Salvador, Slovenia, seem to be crypto-friendly so far. These countries are essentially adding some clear regulations or behaving in a way that is likely to attract crypto companies to the country.