SEC Director Gary Gensler said the authority spends too little money on technology, and that the cryptocurrency market needs more control.
President Joe Biden has frozen all Federal regulatory processes including proposed cryptocurrency regulations by FinCEN.
Dubai’s financial regulator, the DFSA has revealed its plans to regulate cryptocurrency in a business plan brochure for 2021 to 2022.
According to the U.S. Treasury Department, G7 finance officials have expressed “strong support” for the need for cryptocurrency regulation.
In 2024, the European Union (EU) will introduce crypto regulations that will promote digital asset usage for international money transfers.