One of the key themes to emerge from Foley’s 2018 Cryptocurrency Survey was that investors and executives see the value of thoughtful regulation and are looking for more legal certainty as the industry matures.
The vast majority of respondents (84%) believe initial offerings of cryptocurrencies should be regulated by the federal government, states or both; 68% want regulation for ongoing purchases and sales of cryptocurrencies; and 55% say it’s needed when it comes to paying for goods and services.
Texas authorities have made headlines this year as they look into virtual currencies and seek to protect their citizens from deceptive and fraudulent activities in the cryptocurrency space. But Texas is not alone as regulators across the country have also been cracking down as the need for greater regulation is a national issue.
As regulators take steps to regulate various aspects of cryptocurrency activities and the industry seeks greater clarity, the next logical question is: What needs to happen to create certainty without unnecessarily limiting innovation?
Click here to read our article examining these topics and the future of the cryptocurrency industry.
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