It has been an interesting year for cryptocurrencies. While China’s central bank may have banned all digital tokens (see sidebar), Bitcoin — the most famous of them all — has defied gravity and Tesla CEO Elon Musk tweets to reach record levels. Other cryptos have also been able to put behind occasional bouts of sell off to chalk up new highs as well.

Beyond geeks in their darkly-lit rooms, there has also been heightened interest among institutional and sophisticated investors, which has led to incumbent financial institutions to enter into the foray with their own offerings involving the blockchain technology.

Inevitably, as the whole ecosystem gets bigger and as more people trade cryptocurrency, regulators worldwide have been sharpening their focus on the digital assets, increasingly looking for a stable framework of regulations.

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