Should cryptocurrencies be regulated?

The failures of crypto issuers, exchanges, and hedge funds—as well as a recent slide in crypto valuations—have added impetus to the push to regulate. Applying existing regulatory frameworks to crypto assets, or developing new ones, is challenging for several reasons. For a start, the crypto world is evolving rapidly.

How have national authorities regulated crypto assets?

But national authorities have, on the whole, taken very different approaches to regulatory policy for crypto assets. At one extreme, authorities have prohibited the issuance or holding of crypto assets by residents or the ability to transact in them or use them for certain purposes, such as payments.

What are the most progressive and detailed regulatory frameworks for cryptocurrencies?

Mostly legal investment Among most progressive and detailed regulatory frameworks for crypto assets 2. Implicit ban Central Bank warns public not to deal with or invest in cryptocurrencies 4. Mostly legal investment President has called for global regulation of cryptocurrencies under UN oversight

What happened to JPMorgan's Celsius?

Celsius filed for bankruptcy in July, as risk assets including bitcoin were crushed by monetary policy tightening. Crypto markets were also squeezed by the collapse of major tokens TerraUSD and Luna in May. A spokesperson for JPMorgan confirmed the hire, but declined to provide additional details.