Part 4/5:
The speaker warns that regulators are highly attentive to cryptocurrencies because of concerns around illegal activities such as money laundering and terrorism financing. Many jurisdictions are actively seeking to regulate cryptocurrency exchanges—platforms where cryptocurrencies are bought and sold—to ensure compliance with AML (Anti-Money Laundering) and KYC (Know Your Customer) standards.
They note that a regulatory clampdown is imminent, and this is not driven by concerns over financial stability but rather by the desire to control illegal behaviors within the ecosystem. The speaker expects that by early next year, clear regulatory guidelines will become more established across various regions, providing much-needed clarity for the industry.