With the advent of cryptocurrency, the financial world has seen drastic and unprecedented change. While there have been tremendous opportunities for investment and trading, regulations around the world have had wide-ranging impacts on the industry. In this guide, we’ll look at the regulations governing cryptocurrency and their impact on the industry.
US Regulations of Cryptocurrency
The United States has some of the most detailed regulations of cryptocurrency in the world. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) provide a comprehensive regulatory framework for oversight of cryptocurrency transactions involving US actors. These regulations include things like registration requirements, reporting requirements, and limits on leverage. Understanding these regulations is paramount for anyone looking to engage in cryptocurrency trading in the United States.