We’re still in the early stages of the cryptocurrency market evolution; investor interest is soaring and growth is booming. All the while, regulators are wary and sceptical. Their general mood was succinctly summarised by US Securities and Exchange Commission chair Gary Gensler in August, when he referred to the market as the “Wild West”.
With concerns ranging from investor protection to money laundering, terrorist financing and the environment, regulators have been flexing their muscles, signalling intent to police cryptocurrencies and clamp down on those committing or facilitating unlawful behaviour.
