Until recently, the cryptocurrency world was a wild wild west for regulators. However, as the industry has matured, there has been a marked change in perspective where policymakers are now much more engaged with the idea of crypto regulation and accept that not all crypto is “criminal money.”
This attitude shift is a sign of progress. But what does this mean for the future, and how can crypto companies be prepared for what’s to come concerning regulation and compliance?
A lot has changed since Satoshi Nakamoto posted his research paper outlining a new digital currency referred to as bitcoin back in 2008. However, not too long ago, crypto got a bad reputation for being a go-to method for financial crime financing. Here, our panel of experts weigh in on what they perceive to be some of the most exciting shifts in crypto regulations.
Representing Capitol Peak Strategies, Founder and Principal Alex Zerden notes that they “have been impressed with the change in perspective from the industry to recognize the importance of meeting or exceeding existing legal and regulatory obligations, especially on AML/CFT and sanctions compliance.”
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