With the recent rise in mainstream popularity of cryptocurrencies and the ever-present allegations of cybertheft and market manipulation, it has become a top priority for governments to put a lid on the madness.
Between hacks on major exchanges like Bithumb, attacks on the individual cryptocurrency networks such as ZenCash, and phishing attacks on just about every popular crypto site, the world has seen an unprecedented number of cybertheft incidents as a result of the cryptocurrency craze.
Some, such as the Chinese government, have resorted to banning cryptocurrencies altogether, though this has proven ineffective as China remains a world leader in Bitcoin mining.
Other countries such as South Korea and England are taking their time with regulation, hoping to develop a compromise that is both fair to investors and enforceable.
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