July 5 (Cointime) - The global regulatory landscape for cryptocurrency is changing, with the US tightening its grip on crypto operations and Europe creating a more welcoming environment for digital assets.
Japan is advocating for relaxed trading rules and tax breaks for crypto firms, while Singapore is taking a more cautious approach. Dubai is positioning itself as a hub for crypto projects and their founders, but with restrictions on privacy-focused crypto assets. Governments worldwide are grappling with how to integrate emerging technologies like crypto into their financial systems.
The Virtual Assets and Regulatory Authority (VARA) has banned the issuance of privacy-focused cryptocurrencies like Zcash and Monero due to concerns about transaction traceability.
All Comments