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In recent years, a number of regulatory initiatives have been taken by governments to control the development and usage of digital currencies. Many of these developments were justified by their proponents as necessary for public safety, while others were described as overly restrictive.

The cryptocurrency market is growing rapidly and has become a subject of concern for regulators worldwide. As such, governments are trying to regulate this particular industry in order to ensure its proper development and use within society at large. However, not all regulations have been equally well-received by those involved in cryptocurrency markets around the world – some remain unpopular or outright unappreciated among investors who feel they’re being unfairly limited by them!

In August 2017

In August 2017, the Japanese government established new anti-money laundering rules that imposed restrictions on cryptocurrency exchange operations and suspended the accounts of 500 banks, including 12 Japanese ones. The ban was intended to prevent criminals from using cryptocurrencies for money laundering purposes. However, the move had an impact on other countries as well – including China which enacted its own ban on ICOs in September 2017 (although it later lifted this).

In December 2018

US regulators issued subpoenas to several exchanges seeking information about suspicious trading patterns following allegations that some traders may have been using their knowledge of upcoming events to manipulate markets for profit.. This came after a study published by researchers at Cambridge University found evidence that crypto traders could be manipulating prices by using private messages through social media platforms such as Telegram or Slack.

On 6 January 2018

South Korea’s Justice Minister announced that the ban on trading in cryptocurrency would be enforced from 9 February 2018. The announcement came after a major cryptocurrency exchange was hacked and millions of dollars worth of digital currency were stolen.

The minister said that the ban would be enforced to protect investors from fraud and tax evasion by local exchanges or individuals.

In May 2018

financial authorities in four provinces (Hong Kong, Guizhou, Zhejiang and Fujian) released a notice prohibiting investors from buying or selling cryptocurrencies in the region. The notice did not apply to any other part of China but it was intended to prevent people from making investments in cryptocurrency that could be considered illegal under local laws.

The notice stated that any person who engages in cryptocurrency transactions without approval from authorities would be subject to criminal prosecution under relevant regulations and ordinances. This means that if you are found violating these rules then you could face up to five years of imprisonment along with fines of up to 30 million yuan (about $4 million).

On 22 June 2018

a Chinese government spokesperson warned people against criminal acts of fundraising through initial coin offerings (ICO) or cryptocurrencies, noting that such acts may be illegal pyramid schemes.

China is one of the biggest markets for cryptocurrencies, and it has been at the forefront of ICOs. ICOs are a way to raise capital for new projects by selling tokens in exchange for digital currency such as Bitcoin or Ether. These digital assets are created by cryptocurrency miners around the world who use their computer’s processing power to verify transactions on a blockchain—a public ledger that records all cryptocurrency transactions and provides an unalterable history of them (i.e., no fraud). The value of these digital assets increases over time because they’re scarce (only 21 million Bitcoins will ever be mined), which means that each token has less value than its neighbors in a growing coinbase chain. As more and more people buy into your coinbase chain, you’ll make more money—but so will everyone else!

People who participate in illegal pyramid schemes often rely on similar tactics: They promise huge returns but require significant investments from new recruits before any real work gets done; once those investors start working hard toward achieving their goal targets/rewards, most don’t see much return on investment until later when they’ve already invested thousands upon thousands into this scammy scheme…


The cryptocurrency market is undoubtedly growing at a rapid rate and is set to become one of the largest industries in the future. Learn more with bitcoin 360 ai. As regulators across the world implement their own policies and regulations, it will be interesting to see how this develops over time. We hope that this article has given you an overview of some of these developments so far!

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