Both the SEC and the Commodity Futures Trading Commission (CFTC) currently have some statutory authority to oversee crypto-markets and they have recently started enforcing regulations on the sector more rigorously. But Massad argues that the current level of regulatory oversight by these agencies is insufficient.
At all events, is Cryptocurrency regulated in the US?
Sales regulation The sale of cryptocurrency is generally only regulated if the sale (i) constitutes the sale of a security under state or Federal law, or (ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.
Any way, is crypto com regulated? Crypto.com keeps fiat currency of customers in custodian bank accounts that are secured and regulated. If you are a US resident, your USD balances are covered by FDIC insurance, up to US$250,000.
Just, will Bitcoin ever be regulated?
Currently, cryptocurrencies are regulated in the US by several institutions – CFTC, SEC, IRS – making it difficult to create overarching regulatory guidelines. In short, yes – Bitcoin can be regulated. In fact, its regulation has already started with the fiat onramps and adherence to strict KYC and AML laws.
Is it illegal to buy Cryptocurrency?
The United Kingdom's approach to cryptocurrency regulations has been measured: although the UK has no specific cryptocurrency laws, cryptocurrencies are not considered legal tender and exchanges have registration requirements. ... Gains or losses on cryptocurrencies are, however, subject to capital gains tax.