Steps to Implementing Cryptocurrency Regulations Around the World

Cryptocurrencies, also known as digital currencies, have been in the market for around a decade, but people have recently started using them as investments or to earn profits. Some of the examples of cryptocurrencies are GanderCoin, Bitcoin, etc. Digital currency in India has not been used much, as people don’t trust cryptocurrencies and trading. That is one reason that cryptocurrency is not regulated in India or around the world. Cryptocurrency exchange service providers must set up an AML/CFT program, save the necessary paperwork, register with FinCEN, and report to the authorities. This is one of the steps to implementing cryptocurrency regulations around the world.