It has been the year of projects to regulate cryptographic transactions worldwide. Countries are trying to control from their perspective what cryptocurrency operations are since they represent the same risks. But feel free to invest because many crypto investors take the same risk but they have exceeded it.

In the sense that these operations could lend themselves to money laundering and even tax evasion, one of the government’s primary sources of income.

Digital currencies encompass many sources of income worldwide, which undoubtedly causes excellent discomfort in traditional financial institutions and governments.

Those in charge of the finances of the States are in search of a friendly relationship with digital currencies and, consequently, crypto-assets that offer some benefits that could make significant contributions to the economies of each nation.

The anonymity of cryptocurrencies

Blockchain technology and cryptocurrencies have represented a significant advance for the financial world in adapting finance to the digital sector.

The blockchain is one of the tools that offer the most outstanding security when it comes to financial transactions where there is no economic entity that regulates and controls them.

This decentralized feature gives its users the comfort and peace of mind of carrying out operations such as money transfers from one wallet to another without the need to wait for the confirmation and recognition of the participants, which makes it unnecessary for the people involved in the operation to know each other or to know each other have some information about each other.

This anonymity has been provided on many occasions by groups in the world dedicated to crime, affecting the opportunities this digital financial market offers, where even without controlling a Central Bank, it works perfectly.

The fact of not needing the data of the people who carry out the transactions, as well as not having a daily limit of digital money transfer, makes the idea of joining cryptographic investments and, of course, the adoption of digital currencies much more enjoyable.

Crypto regulation projects in the world

There are various types of regulation worldwide; some countries have made more radical decisions to eliminate the trade and operation of cryptocurrencies in their territories. Others have reached the point of adopting them as legal tender.

If we focus on Latin America, many regulations tend to be friendlier about cryptocurrencies, to the point that some countries have created their digital currencies, as in the case of Venezuela, which has the Petro.

In Uruguay, a Chamber of Cryptocurrencies was created, possibly regulating their use in this country; El Salvador is the territory of Bitcoin, where traditional trade operations can be carried out through this cryptocurrency.

In Brazil, a project was created where laws such as the Law Against Money Laundering and the Consumer Protection Code are implemented, thus achieving greater transparency in cryptographic operations.

The United States could not be left out of this group, as well as Russia and Ukraine, which after a somewhat turbulent economy, have begun to consider the idea of adopting, managing, and free trading with digital currencies as long as they do not break the law and of course, linking these with illicit acts.

In Bolivia, operations with cryptocurrencies cannot be carried out since the country does not allow it, unlike Mexico, where exchange platforms can operate normally as long as they are registered in the Tax Administration System and demonstrate their operations before the necessary entities to avoid money laundering.

Money laundering is the biggest fight.

Just as all the other countries in the world have created their regulatory instruments, the European Union, due to the high number of transactions with cryptocurrencies carried out throughout the territory, has been forced to control them and establish supervision over them.

A provisional agreement called Fund Transfer Regulations has just been approved. They seek to eliminate the anonymity of transfers through cryptocurrencies and thus end the possible money laundering that is presumed to occur.

Many questions about how this can be achieved. They have proposed to make it mandatory for cryptocurrency providers to know the beneficiaries’ data and the funds’ origin.


The regulation of cryptocurrencies is an issue that, sooner or later, will be dealt with worldwide because their popularity has increased notably. They have been adopted not only as a payment method but also as a form of income.