Cointelegraph: The 5 Most Important Regulatory Developments of 2022
While there was a lot of noise on Capitol Hill and in capitols around the world about cryptocurrency regulation, a few stood out in the eyes of Cointelegraph. On the two ends of the spectrum of the regulation discussion, there are what we see as onerous, inappropriate regulations on one side, and reasonable regulatory reform and clarity on the other. There can be no doubt 2023 will bring regulation to the forefront – and maybe we’ll get more action than just discussion – but this is a good list of some of the most important developments in 2022.
2022 will surely be remembered as a year of crypto discontent — one when the price of Bitcoin crashed three times, many large companies went bankrupt and the industry experienced a series of significant lay-offs. However, it was a crucial year for crypto regulation worldwide. Although some regulatory developments are worrisome in terms of their tighter stance on digital assets, their effect could help the industry to mature in the long run.
Looking at the significant regulatory events of 2022 might fuel one’s optimism for the future. The controversial policy to restrict proof-of-work (PoW) mining was supported in New York, but a similar one failed in the European Union. In some jurisdictions, like Brazil and Russia, crypto is undoubtedly gaining momentum.
Of course, there were many more landmarks to remember, but Cointelegraph tried to choose those representing larger regional trends.
The full list can be read here.