Cryptocurrencies have grown so much in the last year that they cannot be ignored by any government in the world, not even the American one, as their regulation is really necessary. The US Federal Reserve announced its plans to regulate cryptocurrencies in the future a few days ago, which was really only a matter of time.
On Tuesday, U.S. banking officials released a list of plans to regulate cryptocurrencies, along with a new policy that requires banks to be licensed before engaging in crypto projects. In 2022, the Fed and other banking agencies should define which crypto-related activities are “legally permissible.” Thus, the bank plan also suggests regulating tokens in the same way that banks regulate their usual assets, but regulations do not change yet, although they may undergo some adjustments.
