As the global cryptocurrency landscape evolves, so do crypto regulations governing it. Keeping up to date with the rules and regulations in different countries is not always easy, but it is essential for anyone looking to trade or invest in cryptocurrencies.

Here are some key regulatory developments in the space over the past year and what we can expect in the year ahead.

## United States

The Securities and Exchange Commission (SEC) in the United States has been ramping up its scrutiny of the cryptocurrency space.
In 2020, the SEC brought many enforcement actions against companies and individuals involved in illegal activity, including fraud and money laundering. The SEC also issued several investor warnings about the risks of investing in cryptocurrencies.

In 2022, the SEC is expected to continue its crackdown on illegal activity in the cryptocurrency space. The agency is also likely to release more guidance on what types of digital assets will be considered securities. This could significantly impact how cryptocurrencies are traded and sold in the United States.

The Internal Revenue Service (IRS) considers cryptocurrencies a digital representation of value that serves as a store of value, unit of account, and a medium of exchange. Still, it does not consider them to be legal currency. As a result of this guidance, the IRS has issued cryptocurrency-specific tax rules.

## Europe

As the European Union looks to 2022 and beyond, cryptocurrencies will continue to play a significant role in the digital economy. In light of this, the EU is taking steps to ensure that crypto assets are regulated to promote innovation and protect consumers.

The Fifth Anti-Money Laundering Directive (5AMLD), brought into force in January 2020, is a vital part of the EU's efforts to regulate cryptocurrencies. 5AMLD brought cryptocurrency-fiat currency exchanges under EU anti-money laundering legislation to prevent the use of crypto assets for illicit purposes.

The European Commission is considering proposals to extend 5AMLD to cover custodial wallet providers and peer-to-peer (P2P) exchanges. The Commission is also considering introducing a pan-EU licensing regime for cryptocurrency service providers.

The European Union is also working on developing its digital currency, known as the Digital Euro. The Digital Euro would be a new form of central bank money, available to all citizens and businesses in the EU. The European Commission is currently exploring the feasibility of launching a Digital Euro and is expected to present its findings before the launch.

## China

In Asia, China has been one of the most active countries when it comes to regulating cryptocurrencies. In 2017, China banned initial coin offerings (ICOs) and shut down cryptocurrency exchanges. Since that time, the Chinese government has taken a more cautious approach to space.

In 2020, China launched its digital currency, known as the "digital yuan." The digital yuan is not entirely decentralised like other cryptocurrencies. However, it is still seen as a significant step forward for the adoption of digital currencies.

The Chinese government is also working on a blockchain-based system to track and trace digital assets.
This year, we can expect more regulatory clarity from the Chinese government. The digital yuan is expected to launch in a pilot program sometime this year. And the [blockchain-based tracking system](https://finance.yahoo.com/news/cbdc-launch-first-2022-093011347.html) could be up and running very soon. And it will be legalised as payment for tolls, transport fares, bills, and goods.

## South Korea

As the global cryptocurrency market matures, governments and financial institutions pay increasing attention to digital assets. Cryptocurrencies are not treated as legal money in South Korea. While exchanges are legal, they operate in a carefully regulated environment.

Cryptocurrency transactions are currently tax-free in the country because they are considered neither currency nor a financial asset. However, the Ministry of Strategy and Finance has stated that it will consider imposing a tax on cryptocurrency earnings to provide clarity for investors.

The South Korean government announced a new bill in March 2021 that requires cryptocurrency investors to use the same name on their digital wallet accounts as they do on their bank accounts. That requires cryptocurrency exchanges to provide information to banks to confirm customer identities.

The Tax on Cryptocurrency in South Korea was supposed to go into effect in January 2022, but it has been delayed until January 2023. South Korea has also committed to maintaining the tax framework to foster international financial transparency. In addition, the country has stated that it will continue working toward aligning the industry with FATF's anti-money laundering standards.

## Final Thoughts

The United States, Europe, China, and South Korea are all taking different approaches to regulating cryptocurrencies. Here's a breakdown of what each country is doing and how it will impact the future of crypto.

•	The United States has been relatively hands-off when it comes to cryptocurrency regulation. However, the SEC recently clarified that they consider some digital tokens to be securities. Companies issuing or selling these tokens must comply with federal securities laws. 
•	Europe is taking a more rigorous approach to crypto regulation than the US. The EU has classified Bitcoin as a currency and virtual asset, which subjects it to certain regulations like anti-money laundering and terrorist financing laws. Additionally, new rules proposed by the European Commission would require exchanges to verify customer identities and report suspicious activity. 
•	China has taken a hard line on cryptocurrency regulation, banning ICOs and exchanges. However, the Chinese government is still researching blockchain technology and its potential applications. 
•	South Korea is another country that has taken a tough stance on crypto regulation. The government has banned anonymous trading, required exchanges to verify customer identities, and limits how much money Koreans can invest in cryptocurrency.

These different approaches to regulating cryptocurrencies will have a big impact on the industry's future. In the US, crypto companies will need to comply with securities laws if they want to sell digital tokens. In Europe, crypto exchanges will need to verify customer identities and report suspicious activity. And in China and South Korea, crypto trading is more difficult due to the restrictions placed on exchanges.

As the world grapples with crypto regulations, it will be interesting to see how these different approaches play out.


Crypto Regulations 2022 and Beyond

Chia Network, one of the "greenest" blockchains, recently became a partner of the Blockchain Association. It's a move that will, most probably, have a reasonable impact on Chia coin price prediction

“Together, we'll work to educate policymakers on the growth and application of the Chia blockchain and represent the needs of our development community and farmers around the world,” the company [said](https://www.businesswire.com/news/home/20220518005432/en/Chia-Network-Joins-the-Blockchain-Association-to-Amplify-Policy-Efforts) after the industry lobbying group confirmed its plans to add new members.

The move came as a logical sequel to the last week's stablecoin [Terra collapse](/news/article/luna-price-prediction). It will probably make crypto lobbyists even busier.
According to Gene Hoffman, president and chief operating officer of Chia Network, the company intends to establish an accommodating structure for the future of DeFi. Therefore, a partnership with the Blockchain Association will enable both parties to develop both legal and institutionalised systems through which crypto technology and blockchain will be adopted more quickly. 

By this contract, Chia is obliged to participate with the Blockchain Association in "regulatory analysis and insight". It will also create a platform to amplify the continued growth, development, and application of the Chia blockchain and technologies”. Furthermore, this eco-friendly cryptocurrency keeps representing “the needs of its farmer and developer communities within the industry and to regulatory stakeholders”.

## Bullish Chia Coin Price Estimates

This seems to be the essential catalyst for the Chia coin price prediction because even though investments in energy-conscious tokens are rising over the years, the overall crypto market has been, for some time, on a roller coaster ride. However, analysts agree that Chia (XCH) crypto price prediction is the most encouraging, and this partnership can only help.

At the time of writing, XCH was trading at $33.59, according to Coinmarketcap.com. Its market cap stands at $134.9 million and is fully diluted to approximately $841 million, which looks like a promising future for a currency.

The cryptocurrency recently also confirmed a partnership with Stably to launch a new dollar-pegged stablecoin, dubbed USDS, to support its product 'Offers' within the Chia blockchain.

Not long ago, California-based Chia also had a "long and friendly" conversation with the SEC about the company's operations, where it was determined that while the SEC has many concerns regarding crypto projects, most of them do not apply to Chia. 

With SEC’s blessing and a growing DeFi operation, Chia has a case for a bullish Chia coin price prediction.

## Chia Price Forecast

Chia coin's price prediction shows that despite the bullish perspective on the Chia price forecast for June-July, Chia price could find itself in a temporary fall and hover around $35.

However, later in the year, the coin price could end its descent with strong growth to around $61, at which level the coin should stay by the end of the year.

For 2023, analysis hints that Chia crypto price will go through the tightening coming with a $136 upside potential breakout offering, but afterward jump above $200.

In 2024, Chia Network is predicted to reach approximately $232, while the price of 1 Chia is expected to rocket to $338 in 2025.


Chia Coin Price Prediction - Where Next?

Is [Voyager crypto](https://www.investvoyager.com/) on a voyage to the moon? Some people seem to think so. They point to the partnership with Blockstream as evidence that this up-and-coming cryptocurrency is destined for great things. But others believe that this moonshot is destined to bust. So, which is it?

In this article, we will take a closer look at Voyager crypto and try to determine whether or not its journey to the moon is worth taking.

## What is Voyager Crypto?

Voyager crypto is a new platform that aims to revolutionise the world of cryptocurrency trading. With its advanced algorithms and innovative tools, this platform is designed to make buying and selling cryptocurrencies easier, faster, and more secure.

Unlike traditional exchanges, Voyager crypto offers a wide range of currencies and accessible trade volumes, as well as robust security features to help protect user accounts.
The platform also offers extensive educational resources to help beginner investors get started with crypto trading, and customer support to help users navigate the ever-changing world of crypto investment.

Overall, Voyager crypto looks to be the future of cryptocurrency trading, with its cutting-edge technology and focus on accessibility for all traders.

## What is Voyager Crypto's Plan?

Voyager crypto wants to be a leading global crypto exchange. To achieve this goal, it focuses on providing 'high-quality' services that cater to the needs of all traders, from casual hobbyists to experienced professionals.

The platform is designed with 'user-friendly' features that make it easy to find and execute trades, no matter the expertise.

By drawing on experience in trading and financial technologies, and with input from users across all levels of experience, Voyager crypto aims to be a leader in the rapidly evolving world of [blockchain](/articles/learn-moni/what-is-blockchain) and cryptocurrency.

## What Challenges Does Voyager Crypto Face?

First, the company must overcome the challenge of building trust with potential customers. Voyager crypto is a new entrant to the cryptocurrency space, so people are unfamiliar with the company and its offerings.

The company will need to build a strong marketing and PR campaign to raise awareness of its brand and convince people to use its products and services.
Secondly, Voyager crypto will need to deal with the cryptocurrency market's volatility. Cryptocurrencies are known for their volatility, making it difficult for a company like Voyager crypto to achieve consistent growth.

Finally, Voyager crypto will need to contend with regulatory uncertainty. The cryptocurrency space is still relatively new, and there is much uncertainty around how regulators will treat it in the future. This could threaten the business model's viability.

Nevertheless, Voyager crypto has potential. If these challenges are overcome, it could be a significant player in the cryptocurrency space.

## Is Voyager Crypto a Moonshot or a Bust?

Founded in 2018, New York-based Voyager offers a mobile app and a desktop platform, both designed to be user-friendly and easy to use. Voyager also offers commission-free trading and instant withdrawals.

Regulated by the SEC and a member of FINRA and SIPC, Voyager is also one of the only digital asset brokers that offers FDIC-insured deposits.

Only time will tell if Voyager is a moonshot or a bust.

Voyager crypto has only been around for a few years, and it's still in the early stages of development. However, it has already made a big splash in the world of cryptocurrency.
So far, Voyager crypto seems to be off to a strong start, but time will tell if the momentum can be sustained.

## Voyager Crypto's Chances of Success?

Voyager is built from the ground up with scalability and security in mind. The developers behind Voyager believe that this will make it easier for people to use crypto for everyday transactions, such as buying goods or paying bills.

In addition, Voyager has made a commitment to transparency and accountability, incorporating mechanisms such as governance models and vesting schedules into its design.

## Conclusion

Voyager crypto has potential, and if it can overcome the challenges posed by volatility and regulatory uncertainty, it could become a significant player in the cryptocurrency space.


Voyager Crypto on a Voyage to the Moon?

Recent developments or ‘crypto news now' cover the remarks delivered by Treasury Secretary Janet Yellen on digital assets policies, innovation, and regulation at the Kogod School of Business Center for Innovation.

## Areas to be Worked On

She believes that the crypto industry should follow similar rules and regulations as the traditional financial system. Yellen highlighted these areas that need to be worked on:

•	the financial system
•	benefits from responsible innovation
•	the dangers to vulnerable individuals if regulation is not in tandem with innovation
•	activities focusing on risks rather than technologies
•	how the USA will benefit from the dollar's current role

This comes after President Joe Biden signed an executive order in March allowing federal agencies to conduct a plan for policies and regulations on digital assets, including cryptocurrency. The executive order outlines what government agencies must do to develop policies and regulations on cryptocurrencies and ensure US cryptocurrency laws align with those of its allies. It also commissions the Financial Stability Oversight Council to investigate any forbidden financial activities. Additionally, the order brings back the possibility of a new government-issued central bank digital currency.

## Government should 'Take Step Back'

During her address, Yellen stated that the Treasury would work with the White House and other agencies to develop reports and establish recommendations on digital currencies over the next six months. She said the current sentiment is that the technology is so radically and beneficially transformative that the government should step back entirely and let innovation run its course. However, skeptics see limitations and support the government taking a more restrictive approach. She said that the same things that have brought clear benefits for economic growth from a traditional finance point of view should help guide their approach toward digital assets.

## SEC Show Support

The [Securities and Exchange Commission (SEC)](https://www.sec.gov/) Chairman Gary Gensler seems to support this stance as he announced several initiatives to bring additional protection to investors in the $2 trillion cryptocurrency market. He announced his plans to register and regulate crypto exchanges and explore separating asset custody to minimize investor risk. As currently, crypto exchanges mostly take custody of their customers’ assets, increasing the chances of large-scale attacks. Last year, it is reported, fraudsters stole $14 billion in crypto. He also announced plans to partner with the Commodity Futures Trading Commission to address platforms trading crypto-based security tokens and commodity tokens. Gensler adds that the crypto market should not be treated differently due to the different technology used. They play roles similar to traditional regulated exchanges and, therefore, investors should be protected similarly. 

Many industry experts believe more regulation could increase market stability and the price and value of crypto, increase investor protections in the market, prevent fraudulent activity, and provide clear guidance for innovation. They also believe that investors should invest in [Bitcoin](/coins/btc) or [Ethereum](/coins/eth ) as they have a track record of increasing in value, despite being highly volatile with price fluctuations by the day and hour.


Crypto News Now: is Regulation the Way Forward?

Just a few years shy of making the remark that cryptocurrencies were “rat poison,” celebrity investor, Warren Buffet, took actions that couldn’t be any more contrary to his disparaging remarks – a $1 billion investment in a digital bank that’s at the heart of the cryptocurrency revolution.  Widely heralded as the “sage of Omaha” for his uncanny ability to accurately anticipate big moves in the market, Buffet’s recent investment is likely to be interpreted as another watershed moment in the dynamic history of the cryptocurrency market, and could produce very favourable tailwinds that could wash away the market’s abysmal January losses.

Every investor seems to know of Warren Buffett, presumably because he’s one of the wealthiest people in the world.  Buffett’s father was in the US. Congress, and was politically connected with financial ties.  By 30, Buffet became a millionaire after demonstrating substantial prowess with mathematical formulas.  Buffett purchased Berkshire Hathaway in 1965, a company that started in textiles back in 1839 but then expanded into managing investments.  He converted it into the largest holding company in the world by scooping up troubled assets and restoring their health. 

## $1 Billion Worth of Shares Purchased

One can only imagine what the 91-year-old man with a reported net worth of nearly $110 billion has planned for a swan song once his [$1 billion investment](https://www.altfi.com/article/8850_warren-buffett-doubles-down-on-brazilian-fintech-nubank-with-1bn-stake) achieves its intended purpose. Buffet’s blockbuster investment was made public when his company entered an SEC filing earlier in the week.  The details of the filing show that $1 billion worth of shares were purchased by the massive holding company in a Brazilian digital bank called Nubank - the largest bank of its kind in Latin America.

This wasn’t the first time Buffet has taken interest in cryptocurrency-related assets.  In the summer of 2021, Buffet’s company had already established a $500 million stake in Nubank – the largest cash infusion the bank had ever received.  Nubank went public in December of 2021 but, surprisingly, Nubank has been in operation since 2013.  Originally aspiring to cause some havoc in the Brazilian banking market, an environment with a reputation for super-charged interest rates and shoddy customer service, Nubank offered to be the digital financial alternative that had a user-friendly app.

## Huge Success for Nubank

Fast forward to the present, Nubank now offers many of the same options that any other financial institution would, including checking and savings accounts.  The scope of Nubank’s services has recently expanded to include personal loans and life insurance.  In terms of success, Nubank can boast about its 48 million customers spread out across Brazil, Columbia, Argentina, and Mexico. Nubank’s market capitalisation currently sits at $33 billion and has the distinction of being the largest digital bank in the world.  Much of that success was surely made possible by Buffet’s earlier cash infusion.

Nubank is a fintech and does not facilitate direct trading in cryptocurrencies, but the bank does have an investment unit called NuInvest that provides a way to invest in a Bitcoin exchange-traded fund (ETF).

Any investor knows that anything Berkshire Hathaway is willing to sink a billion dollars into is worth following.  It appears that fintech firms will be making headlines in 2022.


Warren Buffet Suddenly Backpedals on Crypto 

Let’s talk Ripple and XRP.

Earlier this week, the overall market cap of cryptocurrencies hit $3.3 trillion. It’s an amount that merits attention and has further prompted regulators and financial authorities to accelerate the tempo in writing a regulatory rulebook for the market.

However, first they’ll need to cut through their own confusion on how these financial instruments work.

Can _all_ digital assets be categorised as a form of currency or are some them _securities_ masquerading as currencies? It’s one question among many that regulators are asking.

## Ripple Labs

One blockchain company that knows this all too well is San Francisco’s [Ripple](https://ripple.com/). A fintech company that popped up a decade ago, Ripple Labs originally promoted a strategy that would offer financial institutions a new low-cost method of performing expedient trans-border money transfers.

To achieve as much, Ripple Labs built the technical infrastructure on which transactions sped across the globe in the form of a cryptocurrency identified as XRP. Ripple created 100 billion units of XRP in 2012 and allotments were sold off while Ripple remained a majority holder.

This is where Ripple found itself in trouble with the Securities and Exchange Commission (SEC). Because of the way in which XRP was distributed, it appeared, to some, that XRP functioned _more like a stock or security_ rather than a currency. By December 2020, SEC chairman, Gary Gensler, had seen enough and initiated a lawsuit against Ripple Labs for how the company distributed XRP, claiming the company was selling an unregistered security, _not_ a currency.

## Lawsuit Causes Anxiety Among XRP Supporters

The pending case initiated a sequence of negative events that cratered the price of XRP and got the asset delisted from many popular crypto exchanges, the most crippling being Coinbase. The lawsuit has continued to drag on causing anxiety among XRP supporters and investor, and many legal experts have said that the lawsuit is unlikely to have an ending this year.

However, Ripple has demonstrated some legal prowess since the lawsuit was filed, accruing small victories in the proceedings while simultaneously attracting troves of new investors who have faith in a favourable outcome. Frankly, at the current rate of mainstream adoption, a settlement deal could be reached at any time and November 2021 is expected to be particularly revealing in terms of what’s next for the lawsuit.

Today will be a crucial as it marks the deadline for the exchange of _Expert Rebuttal Reports,_ an expert analysis of each opposing party’s claims. Once those reports are submitted, the second half of November should be rife with opinions on where the lawsuit is headed and when it might finally get resolved.

Getting down to brass tacks, it seems that Ripple has the momentum and SEC Chair Gary Gensler can’t be pleased with how things have unfolded with his lawsuit. The inability to close a ‘slam dunk’ case against a gritty crypto start-up hardly has any place on a resume for someone who’s vying to be the next Secretary of the Treasury. Will Gensler broker a settlement deal with Ripple? It’s possible.

If so, not only would it be a move that would put XRP right back on the exchanges that delisted it, including Coinbase, it would be a ‘drinks for everyone’ kind of announcement that would send the whole market upward.

For more Coin news, see[ here](/news/category/crypto-coin-news).

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