By Eric Wade
Crypto regulation is coming...
Over the past few months, China has banned crypto mining operations and ordered big banks not to do business with crypto companies. The Federal Financial Supervisory Authority in Germany, known as "BaFin," announced it will be regulating alternative investment funds that want to invest in digital assets like cryptocurrencies. And South Korea's Ministry of Strategy and Finance is launching tax rules and regulations for crypto transactions beginning as soon as 2022.
That's on top of the U.K. Financial Conduct Authority recently saying it will clamp down on major exchange Binance's activities in the U.K.
All of this regulation might sound like a death blow to cryptocurrencies... but it's actually a good thing.