How are you all? Today I will discuss with you about Cryptocurrency regulation Around the world .I will try to present my experience.  I am young and have very little experience so please excuse any mistakes.
GloBaL financial Market ReGulators hardly know What to make of CRyptocurrency. This asset class does not fit neatly into existing categories, while the collapse of FtX in 2022 makes the need for smart regulation painfully obvious. National governments want to strengthen their regulatory oversight of crypto because controlling the currency is how they manage their economies, said David Sacco, a practitioner in residence in finance at the University of New Haven's Pompeii College of Business. But how do you regulate something whose initial appeal to some investors may make it work outside of government regulation?

[Source](https://pixabay.com/photos/hands-world-map-global-earth-600497/)


Let's review how the biggest countries are shaping their regulatory frameworks for Cryptocurrencies. These countries are taking different approaches to doing the job and this is only adding to the lack of clarity around crypto regulation.Let's review how the biggest countries are shaping their regulatory frameworks for Cryptocurrencies. These countries are taking different approaches to doing the job, and this is only adding to the lack of clarity around crypto regulation. Crypto Regulation in the United States
Until now, the US has taken a hot-and-cold approach to crypto regulation. Some in Congress want to see a sweeping new framework that allows the industry to thrive, while financial market regulators crack down on a space that has been dogged by concerns about money laundering, scams and cybercrime.
on federal regulators to assess the broader risks and benefits offered by Cryptocurrencies.
In January 2023, it released a roadmap to mitigate crypto risk, encouraging regulators to "increase enforcement" and Congress to "expand regulators' powers." Shortly thereafter, the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the Office of the Comptroller of the Currency (OCC) released a joint statement highlighting the risks posed by crypto assets to banks
While the statement does not prohibit banks from providing crypto services, it states that “issuing or holding as principal crypto-assets that are issued, stored or transferred on an open, public and/or decentralized network or similar, is highly probable. must be inconsistent with safe and sound banking practices.”

[Source](https://pixabay.com/photos/keyboard-hand-keep-smartphone-icon-4664732/)


US regulators consider crypto as a security
Instead of regulating Cryptocurrencies themselves, the US has tried to regulate crypto platforms, Sacco says. “Governments want to treat Cryptocurrencies as traditional securities and work to limit their ability to behave and act in financial markets like traditional securities,” said Christopher Mitchell, founder and principal of KEyala Advisors, a registered firm specializing in investments in digital assets and emerging technology spaces. Investment Advisor Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all.  Everyone stay well stay healthy stay with Steemit