Whilst cryptocurrencies and the exchanges they are traded on are currently largely unregulated in the US, they have been garnering increased scrutinyfrom the SEC. In a March statement, the SEC reiterated their position that a large number of crypto assets should be classed as securities, and thus, should be regulated as such. This firm stance would seem to foreshadow inevitable regulation in the US.
Of course, the use cases for digital assets are hugely varied, and sweeping regulation would be problematic as a result, all digital currencies are not created equally. Indeed, some stay true to the currency moniker more than others, take Bitcoin for one, which is intended to facilitate peer-to-peer transactions without going through a centralised intermediary.
Can Crypto Culture Tolerate Regulation?
When the Bitcoin whitepaper was released by the pseudonymous Satoshi Nakamoto in 2009, it spawned a following of cryptocurrency enthusiasts embracing an ethos of autonomy and decentralisation. It stands to reason that, when the regulators come knocking, this following does not take kindly to their efforts. China’s Crypto Regulation In late 2017, China set a […]
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