The lack of standardization in cryptocurrency terminology and blockchain or blockchain technology prevents a "coordinated regulation" for cryptoactives, says a comparative study presented this April by the Center for Alternative Finance at the University of Cambridge .

In the report, entitled Global Study of the Regulatory Landscape of Cryptoactives, researchers note that depending on the place "a variety of terms are used, often interchangeably and without a clear definition" to refer to concepts of the cryptoecosystem.

The term "cryptoactive", they argue, is often used in different ways, so the regulators of each country are faced with three fundamental issues: understand the terminology correctly, define which terms are adapted to their needs and ensure that they are employed. in a consistent way in the official information.

The study also highlights that the regulatory institutions have focused especially on establishing legal frameworks for the Initial Currency Offers (ICO) and the exchange houses for cryptoactives.

Likewise, it points out that the "most sophisticated" regulations are in countries with low activity associated with cryptocurrencies and a "less rigid" attitude. 47% of the sites with high activity of cryptoactives, on the other hand, have sought to adapt to the growth of the cryptoecosystem, when trying to include the cryptocurrencies in their existing legal framework.

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