The vector of development of the cryptocurrency industry in 2021

Global regulators have developed a great interest in what is happening in the cryptocurrency market. This year will not please all specialists who carry out activities related to digital currency. Legal regulation will be tightened around the world, and in the future, restrictions will only increase.


As the market began to grow rapidly, government services could not ignore what was happening. Thus, the main purpose of the American Commission for the Control of Securities Transactions was to monitor their issue. Not so long ago, the Ethereum Foundation faced significant claims from the regulator, and at the moment it is not known how this will turn out, and whether staking will continue to exist. The issuer of the oldest coins, Ripple, faced similar accusations. According to the SEC, XRP is a security that should not have appeared on the market in this way. Crypto traders are worried about this turn of events and dont know what to expect next. Since large amounts of digital assets are circulated in this area, experts make forecasts regarding the dynamics for the near future.


“Over the course of several years, one can observe how more and more restrictions and prohibitions have appeared on the cryptocurrency market. Regulation does not give positive consequences, and only "tightens the nuts". Without KYC and AML, no exchange or payment service working with cryptocurrency can exist. It should be noted that recently such actions were considered illegal in relation to the owners of the currency, since the nature of the cryptocurrency provides for anonymity. Of course, this does not apply to all cases, but it was this idea that was originally conceived by Satoshi. Now people are starting to get used to the fact that exchanges and regulators have all the information that affects trading. Of course, there are several sites in our country that avoid forced KYC, but you need to understand that the main task of the government is to fully regulate and track cryptocurrency. "


At the moment, the situation in the country is ambiguous. If you follow the latest changes, you can conclude that government services are trying to crush the cryptocurrency market. Recently adopted laws have significantly complicated the activities of currency traders, which makes them go into the shadows or look for other directions, forgetting about digital assets.