Cryptocurrencies are booming again, while governments are actively imposing new regulations.

Recently, the situation with cryptocurrencies has become more dynamic. The state bodies of many countries are actively implementing new laws and understand the importance of a speedy settlement of cryptocurrencies. SEC issued guidance on crypto-asset accounting and disclosure. India’s finance minister imposed 30% taxes on income from virtual assets. The United Kingdom published a consultation on the government’s approach to cryptoasset regulation, focusing on stablecoins, and called for evidence on investment and wholesale uses. The Ukrainian government allowed to crypto exchanges operate in Ukraine. Europe continues to regulate cryptocurrencies usage and dives deeper into reducing the high carbon footprint of cryptocurrencies. At the same time, Stripe introduced global crypto payouts. The list of banks interested in cooperation with cryptocurrencies continues to expand. Such activity around the cryptocurrency will most likely lead to its even greater popularisation.