LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
security, sto, stos
News

Is More Crypto Regulation Right Around the Corner?

by Nick Marinoff
May 3, 2019
in News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

It appears cryptocurrency regulation is a lot closer than we think.

Will New Regulation Hit Us Soon?

According to a new report issued by cybersecurity firm Cipher Trace, the end of March 2019 brings about a whole new era for crypto. The report says that we can expect to see waves of new regulation hitting the arena before we even realize they’re here.

Dave Javans, the CEO of Cipher Trace, comments that cryptocurrency-based fraud, theft and other malicious activity is at an all-time high. The report details several cases of such fraud and theft occurring in just the first quarter of 2019 alone, all which account for more than $1 billion in total losses.

Discussing the report, Jevans explains:

Although this report punctuates some of the negative occurrences within the crypto ecosystem, it is important to view these illuminations as markers for improvement. This is the wake-up call crypto needs. Cryptocurrency is maturing, and that means having a few growing pains. Once we identify problems, we can find solutions. Cryptocurrency projects must grow up before they can move forward.

One of the biggest problems with the crypto industry as of late is the fact that it remains largely unmonitored. While the space has grown exponentially over the past few years, many legislators have been reluctant to view the space as legitimate. Users are subject to some rules, but there’s a lot of room for improvement, and many serious regulations one might find in the traditional financial arena cannot be found in the crypto industry.

This has proven to be troublesome for individuals such as institutional investors, many of whom have been reluctant to invest in the space out of fear that they could lose their funds just as easily as they invest them. If the space is still vulnerable to occurrences like Mt. Gox in 2014 and Coincheck in 2018, that’s a scary thought for both standard and professional investors alike.

The fact is that more rules are needed, but what kinds of rules can we expect, and when will they arrive? Jevans isn’t quite sure of what or when major change will occur, but he’s confident the time is closer than we’re anticipating.

So Many Problems to Fix

Many of the issues we’re noticing in the crypto world center around money-laundering techniques, according to Jevans. He says that several “new and innovative” schemes have emerged over just the last year alone that have allowed illicit members of the space to wash their funds clean through other enterprises. This, he says, has kept many regulators on edge and in need of creating new legislation designed to protect the space and its users.

One of the biggest “holes” in the regulation game, he states, is that when crypto transfers occur between U.S.-based wallets and exchanges and international platforms, the transfers fall “off the radar,” meaning that they cannot be seen or examined by lawmakers.

Related Posts

Germany Says “No” to Binance, Denies Company a Crypto License
Bitcoin News

El Salvador Grants Two BTC Licenses to Crypto Exchange Binance

Binance and El Salvador are joining hands to boost the nation’s long-running bitcoin agenda. The digital currency exchange –...

by Nick Marinoff
September 23, 2023
PayPal is Now Issuing Its Own Stable Coin
Altcoin News

Charlie Shrem: The New PayPal Stable Coin Will Be Good for BTC

PayPal recently shocked the world by announcing it would be creating its own stable currency atop the Ethereum network....

by Nick Marinoff
September 23, 2023
Crypto Firm Puffer Finance Garners More Than $5 Million
Ethereum

Crypto Firm Puffer Finance Garners More Than $5 Million

Blockchain infrastructure company Puffer Finance has recently garnered more than $5.5 million through a seed round that was co-led...

by Nick Marinoff
September 23, 2023
Two Victims of Crypto Scams Lose More Than $30K
Bitcoin News

Two Victims of Crypto Scams Lose More Than $30K

Crypto scams are more prevalent today than ever. Not long ago, two residents of Southborough were scammed out of...

by Nick Marinoff
September 22, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

  • Tapbit Introduces Contract Copy Trading: Unlocking Profits for All Investors in the Cryptocurrency...

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version