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4 Jus Corpus L.J. [781] (2023-2024)
The Regulatory Landscape of Cryptocurrencies - A Comprehensive Overview

handle is hein.journals/juscrp4 and id is 781 raw text is: Jus Corpus Law Journal Open Access Law Journal - Copyright © 2023 - ISSN 2582-7820 Editor-in-Chief - Prof. (Dr.) Rhishikesh Dave; Publisher - Ayush Pandey This is an Open Access article distributed under the terms of the Creative Commons Attribution- Non-Commercial-Share Alike 4.0 International (CC-BY-NC-SA 4.0) License, which permits unrestricted non-commercial use, distribution, and reproduction in any medium provided the original work is properly cited. The Regulatory Landscape of Cryptocurrencies - A Comprehensive Overview Vshrupt Modia aKirit P. Mehta School of Law, NMIMS, Mumbai, India Received 02 November 2023; Accepted 27 November 2023; Published 30 November 2023 The surge in popularity of cyptocurrencies, led by pioneers lke Bitcoin and Ethereum, has prompted intense discussions and actions concerning their regulation on both a national and international scale. This paper will delve into the evolving landscape of global cyptocurreny rules and regulations, offering a comprehensive exploration of the subject. To begin, a brief historical overview of digital assets and their regulatog journey will be provided. Cyptocurrenies emerged as a novel concept, initially viewed with curiosiy and skepticism. Over time, they gained momentum, leading to a growing need for regulato y clariy. Subsequently, the paper will dissect the diverse approaches taken by various countries in their efforts to govern cyptocurrencies. Some nations have opted for a laissez-faire approach, allowing the market to operate with minimal interference, while others have implemented stringent regulations to address potential risks and concerns. Finally, the paper will scrutinize the current state of cyptocurreny regulations worldwide, offering an in-depth anaysis of the rules and standards in place. This examination iill encompass aspects such as taxation, AML (Anti-Money Laundering) compliance, consumer protection, and the Icensing of cyptocurrengl exchanges. By exploring the past, present, and divergent strategies adopted by diferent nations, this paper aims toprovide valuable insights into the complex and ever-evolving landscape of cyptocurreng rules and regulations, shedding bght on the challenges and opportunities in this rapidly expanding digital frontier. Keywords: bitcoin, cyptocurreny, ethereum, global, regulations. 313

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