2022 will surely be remembered as a year of crypto discontent — one when the price of 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.
The Markets in Crypto-Assets bill
Lummis-Gillibrand vs. Warren-Marshall
Russia U-turns on crypto
Crypto mining moratoriums in the United States and Canada
Brazil legalizes crypto as a payment method
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