Cryptocurrency, and Bitcoin (BTC) in particular, has significantly strengthened its position in recent years. The shift from being a “digital gold” to a practical medium of transaction has been possible due to the evolution and differentiation of platforms for trading and utilizing cryptocurrencies. With this, the need for effective regulation and control over this sphere has grown. An essential step in this direction is the development of a legal framework.
Regulating cryptocurrency is vital for ensuring the security and protection of users. Despite the anonymity and decentralization of Bitcoin, a transparent and effective legal framework can prevent fraud, money laundering, and other illicit activities.
Developing a legal framework for controlling cryptocurrency and Bitcoin activities is a complex task that requires considering the peculiarities of blockchain technology, the global nature of cryptocurrencies, and the need to protect users. However, this work is crucial for creating a safe and responsible cryptocurrency ecosystem.
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