Financial

Overregulation could push illicit crypto transactions into the market, US experts warn


  • Regulation

Regulation has to be calibrated to spur innovation domestically and not push the development out of the country, say security officials

Thursday August 26, 2021 8:16 am

Tucked into a sweeping bipartisan infrastructure bill that passed the Senate earlier this month are measures intended to help provide what many officials say is badly needed regulation of the burgeoning cryptocurrency industry.

But some industry and national-security officials warn that the proposal could unintentionally push illicit cryptocurrency transactions into markets where the US government has no reach, adding to the threat to American companies, government agencies and individuals.

The…

Source: https://www.fnlondon.com/articles/overregulation-could-push-illicit-crypto-transactions-into-the-market-us-experts-warn-20210826

Donovan Larsen

Donovan is a columnist and associate editor at the Dark News. He has written on everything from the politics to diversity issues in the workplace.

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