It is a goal of many in the crypto industry to evolve the space and bring it into the mainstream, but the industry still faces constant criticism from and continues to be regulated by individuals who may not fully understand how it works. Regulatory bodies worldwide have been increasingly vigilant in addressing potential risks and ensuring compliance within the crypto space.
One notable aspect of this regulatory focus is the imposition of fines and penalties on individuals and companies involved in various crypto-related activities. Here’s how the landscape has transformed since 2018, leading to increasing regulation in 2023.