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Crytocurrency regulations in 2023

March 02, 2023

Crytocurrency regulations in 2023
The question that seems to loom around the decentralised landscape is how crypto regulatory scenario will pan out in 2023. From the market’s purview, crypto regulations are expected to get clarity in 2023, as investors aim to avoid another FTX debacle.

According to PricewaterhouseCoopers, a professional services-based platform, global regulators in 2023 have stepped up their efforts to implement regulatory schemes around digital assets. For traditional financial institutions, a regulatory framework can enable them to enter and explore the digital assets’ space. In terms of crypto-oriented platforms, global regulations can enhance expansion of regulatory expertise and compliance oversight based on global standards.

“Global crypto regulation is expected to become clearer and consistent in 2023. This could include increased oversight and stricter compliance requirements for crypto exchanges and other crypto-related businesses, as well as a focus on preventing illegal activities such as money laundering and terrorist financing,” Sathvik Vishwanath, co-founder and CEO, Unocoin, a cryptocurrency exchange, told FE Blockchain.

Market estimates have shown that different countries and financial regulatory authorities intend to expand investors’ protection policies.

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