Are cryptocurrencies legal?

Are cryptocurrencies legally regulated?

Regulations surrounding cryptocurrency are still evolving.

A great deal of attention is paid to whether particular cryptocurrencies fall within the legal definition of ‘security’ and therefore would be subject to the disclosure and registration requirements of the Securities Act of 1933 and the Securities Exchange Act of 1934.

In addition, policymakers are focused on regulation of stablecoins, or cryptocurrencies that are pegged to a stable asset such as the U.S. dollar or gold, as well as the regulation of exchanges that trade cryptocurrencies. Other evolving legal issues surrounding cryptocurrencies and blockchain include the regulation of Decentralized Autonomous Organizations (DAOs), tax treatment, and anti-money laundering requirements.

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