With today's increasingly modern technological development, many new systems have been introduced to the audience. The topics discussed concern cryptocurrency, one of the virtual currencies used since 2009. People who want to avoid third party intervention or someone who wants to protect their privacy can use this cryptocurrency, because these Cryptocurrencies use blockchain technology to improve processing. especially for cryptocurrency miners. There are many types of cryptocurrencies currently available and the most popular among users is Bitcoin. The Blockchain system of cryptocurrencies comes in two keys, one being the private key and the other being the public key. For the public key, the sender and receiver can share a different, private key where each private owner has their own information. It is used peer-to-peer where a transaction is given to a transaction due to cryptography and there is a mining system where there is a person who regulates, controls and mins this digital currency. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original EssayWhy Are Cryptocurrency Rules and Regulations Necessary? Because it is about imposing a restriction on dismissal or money generation. Nowadays, many people are interested in this cryptocurrency, especially bitcoin, because of its value and nowadays the demand for cryptocurrency is growing. In addition, limiting the use of this crypto should be done to prevent many parties from using this system where payment is easier and requires two parties namely the seller and the buyer and no longer requires the intervention of a third party such as the bank. Due to this, the bank may incur losses and may also be closed by many people who choose to use a cryptocurrency system rather than dealing with banks. When cryptocurrency is more prevalent, this may result in no bank funds and lending services being taken over by a private company, as core banking comes from a deposit of its users. Therefore, many banks use blockchain technology, although this cryptocurrency remains unacceptable because the government does not recognize it. These rules and regulations are in place to prevent money laundering and other financial crimes. Cryptocurrency can contribute to money laundering due to lack of control and ignorance of how much bitcoin or other digital currencies are being raised by the user. This is because the cryptocurrency is private and the information can only be known by the user himself and third parties may not know the information about other people acquiring the amount of bitcoins that the users have. As such, these rules and regulations are designed to ensure the safety of its users. Cryptocurrency is undoubtedly a safe type of money to use because users' personal information will not be known to anyone, but that does not mean that it can be avoided as a result of hackers and theft of data. Each computer has its own number or key to carry out transactions within the blockchain system. The careless user can cause the person to hack the computer and all the user information will be used by him.Abu DhabiAbu Dhabi has been decided to regulate the new regulations in order to offerbetter protection to cryptocurrency users in their country against theft of crypto money in order to provide better protection. protection for cryptocurrency users in their country than crypto money theft. Furthermore, they issue such regulations to combat money laundering crimes and also prevent terrorist attacks. The majority of this virtual money is unregulated and their intention to renew this regulation is due to the fact that there have been many cases of theft of cryptocurrency value caused by the hacker.CanadaThe purpose of the rule used in Canada is to prevent money laundering and terrorism and also to control virtual currency which controls rampant. If anyone who makes changes to Bitcoin from the outside must also be registered as a money services business. The Government of Canada believes that this virtual currency is also called a barter system allowing the conversion of goods and services without the use of legal tender. Today there is a case of money laundering. Money laundering is used with the aim of hiding the eyes of the authorities and also to commit crimes. In order to support terrorist activities by purchasing weapons, it undermines the expectation that terrorists will purchase more weapons than they can afford. EcuadorIn Ecuador, while Bitcoin and other virtual currencies are banned, users who continue to use virtual currency will be subject to harsh judges such as prosecution and all assets circulated in Bitcoin transactions risk being confiscated . The purpose of owning a digital currency is to ensure that the digital currency can be converted into US dollars, which is their original currency. The creation of digital currency alone can encourage people to use it legally. The release of digital currency itself can make it easier for people to use money without losing money. Using cryptocurrency money like Bitcoin, its value is sometimes uncertain. It may be expensive at that time and the price may also drop tomorrow. This decline can occur drastically and suddenly, unexpectedly. Therefore, using digital currency alone is a better option as its value can be controlled and supervised without worrying too much about loss.MalaysiaMalaysia has agreed to establish rules and regulations on the use of this digital currency or this digital currency by following their rules. . First, digital currency users must be registered and informed of their operations in Malaysia. The user must also be protected from the risks they face and that digital currency user must have customer due diligence (CDD) in place, regardless of which service user is at risk. AustriaAustria has decided to use the rules for cryptocurrency in the same way as for gold. . The purpose of this use is to ensure the safety of consumers, to legalize their sales as well as the collection of taxes from users. Austria also intends to use this cryptocurrency to avoid theft problems, as this cryptocurrency is effective in storing user data. The rules related to ICOs aim to help their users become victims of fraud, in particular market manipulation, insider trading and fraudulent activities. Since many have started to know about this cryptocurrency, many banks are starting to show interest in its use. It is obvious that some banks used the Ripple system and are not Bitcoin. With the use of Ripple, many..