Against all odds, cryptocurrencies have increased their market capitalization from nothing 10 years ago to over $214 billion today. However, investor concerns over government regulations are looming.
Government regulation is focusing on two broad aspects of cryptocurrencies: electricity use and traceability. For example, China is focusing on electricity use while South Korea is focusing on traceability. Further, the Fifth Anti-Money Laundering Directive from the European Union is set to focus on traceability, with new rules on how know-your-customer and anti-money-laundering regulations should be applied to cryptocurrencies.
