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The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
In 2021 alone, around $13 million worth of crypto mining equipment were seized and 528 people were arrested in connection with illegal mining operations.
Various studies have found that crypto-trading is rife with wash trading. Wash trading is a process, illegal in some jurisdictions, involving buyers and sellers being the same person or group, and may be used to manipulate the price of a cryptocurrency or inflate volume artificially.
Crypto regulations vary across the U.S. from state to state and even between federal agencies, which all have different ways of defining crypto that come with their own tax implications and laws.
Countries may wish to restrict import of cryptography technologies for a number of reasons: Imported cryptography may have backdoors or security holes (e.g. the FREAK vulnerability), intentional or not, which allows the country or group who created the backdoor technology, for example the National Security Agency (NSA), to spy on persons using the imported cryptography; therefore the use of ...
Cloud vendors are fighting back against cryptojacking, but the hijackers are getting more sophisticated.
Centralized exchanges have to register as money transmitters, with the exact definition of who and what constitutes a money transmitter in the crypto sphere being somewhat blurred and regulations differing between the different states of the U.S. [106] An important exemption from these regulations is decentralized exchanges due to the fact that ...
The Monetary Authority of Singapore (MAS) said illegal crypto-related businesses are operating in the city state and it is working with the police to identify and prosecute them. See related ...