How Financial Regulations Have Evolved in 2021

Almost all countries increased regulation of the crypto finance industry in 2020. The COVID-19 pandemic provoked a significant boost of digital crimes, including money laundering, terrorist financing, online black marketing and other related criminal activity.

Certain jurisdictions have already implemented the legal framework, while others are just getting ready to do so. Although even pending legislative initiatives may make a big difference in the near future of the global financial system.

BASIS ID compliance team gives you an overview of the regulatory changes in crypto finance 2020- early 2021.

BASIS ID is a company of the ZignSec group. The software of BASIS ID verifies over 3,000 government-issued documents from more than 190 countries.

Read more: Fintech News Singapore