Cryptocurrency Regulations: The Global Legal Landscape Cryptocurrencies like Bitcoin , Ethereum , and Ripple have disrupted traditional financial systems, offering decentralized and transparent alternatives to conventional currencies. However, their rapid growth has outpaced regulatory frameworks, leaving governments worldwide scrambling to address issues such as fraud , money laundering , and tax evasion . This article explores the evolving legal landscape of cryptocurrencies and the diverse regulatory approaches adopted by nations. Key Legal Challenges of Cryptocurrencies 1. Regulatory Ambiguity Cryptocurrencies operate outside traditional banking systems, leading to varying interpretations of their legal status. Are they currencies , commodities , or securities ? The classification often determines how they are regulated. 2. Taxation Issues Tax authorities face challenges in tracking cryptocurrency transactions, particularly those conducted on decentralized platforms. Questio...
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