Preston Byrne, an independent consultant and English lawyer, and Angela Walch, an associate professor at St. Mary’s University School of Law who focuses on blockchain technology, both explain their criticisms[…]
Podcast Episodes on Crypto Regulation
As crypto becomes more mainstream, more countries will adopt a regulation strategy in order to promote compliance in a way that reflects how each country sees crypto’s role in society. Each country regulates cryptocurrency differently, and some countries like El Salvador even use Bitcoin as legal tender.
Crypto is legal in the US, but there are many regulations that apply to both cryptocurrencies and crypto exchanges. In the US, crypto is bucketed under the scope of the Bank Secrecy Act (BSA), and a major focus on crypto regulation is to prevent fraud, money laundering, and other criminal activities.