Crypto regulations tightened in 80% of major jurisdictions in 2023, analysts say
According to data compiled by TRM Labs, around 80% of 21 major jurisdictions, representing around 70% of global crypto exposure, have strengthened crypto regulations in 2023. In a research report published on Jan. 8, blockchain analytics firm TRM Labs disclosed that nearly 80% of jurisdictions globally have implemented measures to tighten regulation s within the crypto space. Almost half of these jurisdictions specifically advanced initiatives for enhanced consumer protection. While various jurisdictions prioritize different national goals, analysts at TRM Labs have discovered that crypto exchanges operating in countries with established licensing and supervision frameworks demonstrate “lower rates of illicit activity than those in less regulated jurisdictions.” Crypto regulatory map | Source: TRM Labs You might also like: Crypto regulation in 2024: forecasts and perspectives Despite the absence of a comprehensive regulatory framework for cryptocurrenci...