Crypto Industry Advances Self-Regulatory Framework Amid Global Compliance Push

| Importance: 8/10 | Status: confirmed

In November 2024, the cryptocurrency industry accelerated its self-regulatory efforts in response to intensifying global regulatory pressures. Following the EU’s Markets in Crypto-Assets (MiCA) regulation and the Financial Stability Board’s global framework, crypto firms began proactively developing comprehensive compliance mechanisms. Key developments include enhanced KYC/AML protocols, transparent reporting standards, and collaborative efforts to preempt strict governmental oversight.

Key Actors

Cryptocurrency Industry Consortium Financial Stability Board European Securities and Markets Authority SEC CFTC

Tags

crypto regulatory-capture financial-technology self-regulation compliance

Sources (3)

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