In 2021, global regulatory bodies published almost 10,000 Issuances relating to cryptocurrency, with 51% coming out of North America alone. But as governments and regulators take action to bring cryptocurrency within their control, what does this mean for the once-libertarian currency?
CUBE’s latest industry data report, Cryptopia: regulation and crypto on a cliff edge, looks at crypto-related regulatory data over the past 5 years to understand where regulation has been, and where it’s going. Drawing on views from crypto compliance experts, the Report looks to understand the challenges of regulating a global, broadly decentralized currency.
As we’ve seen from President Biden’s Executive Order, as well as messaging from the SEC and CFTC, crypto regulation is imminent. But will regulation lead to ‘cryptopia’?