Cryptocurrency has often been synonymous with a lack of regulation. However, this is rapidly starting to change, with governments around the world now considering rules for digital currencies.
Regulation for crypto assets has been under consideration for some time, but there was a heightened sense of urgency after a series of bank collapses that were tied to crypto asset activities. The incidents seem to have prompted the moves to propose accounting and reporting guidance for crypto assets, as Reuters reported last year.
