Too Long; Didn't Read
The European Union’s 5th Anti-Money Laundering Directive (5AMLD) was signed into law last January 10, 2020. The bill has a three-part categorization of digital assets by types and regulatory bodies responsible for overseeing each type. The U.S. Cryptocurrency Act of 2020 proposes to decrypt crypto-asset regulations and attempts to solve the tension between regulators, issuers, and investors for clarifying definitions on digital assets and cryptocurrency. With more and more countries enact clear regulations, more countries will continue to grow confidence in digital assets.