Regulation of Crypto Mini Series: Part 1
As 2019 comes to a close, Zachary Kelman shares with Cointelegraph readers the first installment of his mini-series discussing the global state of crypto regulation.
In this first part, Zachary discusses what he calls “The Insiders” (the United States, the European Union, and Japan).
In discussing the Insiders, Zachary notes that while they remain at the center of financial and trade systems, and are visibly curious about the developments surrounding crypto, it is noticeable that they sense a longer-term threat in its disruptive nature.
Zachary also discusses the Financial Action Task Force (“FATF”)’s July announcement of the need for every country to pass the “Travel Rule,” which would require exchanges to know the identities of senders and recipients of every transaction — something that exchanges have pointed out is impossible with a technology where anyone can simply create a wallet at will.