What regulatory efforts are being made to protect investors in cryptocurrency?

1. Anti-Money Laundering (AML) Programs: Most countries have implemented AML initiatives that require cryptocurrency exchanges and other digital currency service providers to collect identifying information about customers and report suspicious activity.

2. Know Your Customer (KYC) Procedures: Exchanges and other digital currency service providers must also perform due diligence on their customers, such as verifying identity documents and monitoring transactions for possible money laundering.

3. Regulating Initial Coin Offerings (ICOs): Governments are increasingly seeking to regulate ICOs to protect investors from fraudulent or deceptive practices.

4. Establishing Cryptocurrency Investor Protection Fund: Some nations have set up investor protection funds to compensate investors who have been defrauded by illegal activities.

5. Taxation Regulations: Governments have imposed taxation rules on cryptocurrency trading to discourage illicit activities and generate revenue.