Why are lawmakers interested in regulating crypto?

3 answers

• Dec 16, 2021 · 3 years ago
  Lawmakers are interested in regulating crypto because of concerns about its potential use in illegal activities such as money laundering and terrorism financing. They want to ensure that cryptocurrencies are not being used to fund criminal activities and to protect the financial system from potential risks.
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• Dec 16, 2021 · 3 years ago
  Regulating crypto is also seen as a way to protect investors from scams and fraud. Lawmakers want to establish a framework that provides transparency and accountability in the cryptocurrency market, making it a safer environment for investors.
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• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I can say that lawmakers are interested in regulating crypto to promote fair competition and protect consumers. Regulation can help prevent market manipulation and ensure that all participants in the cryptocurrency industry adhere to certain standards and regulations.
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