Cryptocurrency regulations are getting there slowly, but steadily. For example, the European Parliament adopted the 5th AML Directive which will soon go into force and redefine how cryptocurrency-related companies in Europe will have to mitigate the risks associated with terrorism financing, money laundering, human trafficking and so on. It means that exchanges, crypto brokerages and similar companies will now have to use blockchain forensics tools and perform more extensive due diligence on their customers.

In a way, it legitimizes cryptocurrencies in the eyes of governments, creating a legal basis on how cryptocurrencies should be perceived and treated in Europe as they gain more and more traction, meaning it won’t be that easy to exploit crypto-related services to perform illicit activities or, more importantly, exchange crypto to fiat anonymously. We also have in-depth blog post regarding regulations in crypto: https://blog.coingate.com/2019/02/aml-compliance-bitcoin-adoption/