Compliance With Consumer Protection Laws In Cryptocurrency-Everything You Need To Know.

What is the government doing to regulate crypto?

In February, the Treasury proposed new rules to regulate the issuance, trading and lending of digital representations of assets in an effort to safeguard customer funds. Due diligence and monitoring of assets listed on their platform would be required in order to comply with rules governing traditional financial services. There was a period of turmoil in the sector. The price of C r y p t o c u r r e n c I e s fell sharply and undermined investor confidence after several lenders and exchanges fell into difficulties over the past year.