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Read the essential summary of TRM Global Crypto Policy Review & Outlook 2023–24, a must-read for executives, crypto experts, and policymakers. This concise report provides critical insights into global crypto regulation trends and forecasts significant regulatory changes in the crypto industry for 2024.
The report is published by TRM Labs, a blockchain intelligence company specializing in aiding financial institutions, cryptocurrency businesses, and government agencies to detect and investigate crypto-related financial crimes and fraud.
The report reviews developments throughout 2023 and provides an outlook for 2024.
It aims to review crypto policy developments across key jurisdictions, representing about 70% of global crypto exposure, and to forecast future trends and milestones in the crypto regulatory landscape.
This report is relevant for business leaders, policymakers, and industry experts involved in the cryptocurrency sector.
- In 2023, there was an extraordinary boom in global cryptocurrency regulation, with 80% of the jurisdictions studied tightening crypto regulations, mainly focusing on consumer protection.
- Significant developments included the EU’s MiCA legislation, Hong Kong’s licensing regime, Singapore’s stablecoin framework, South Korea’s digital asset legislation, Australia’s regulatory framework, and the progression of stablecoin and market structure bills in the U.S.
- Notable international organization activities included the G20’s focus on aligning international standards, the FATF’s updates on virtual assets, and the FSB’s recommendations for regulating crypto markets.
- Countries with full licensing and supervision regimes for virtual asset service providers (VASPs) show lower illicit activity rates than less-regulated jurisdictions.
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