How crypto regulations can build, or doom, businesses

June 08, 2023

Crypto companies, and those with crypto on their balance sheets alike, have been operating in a regulatory gray area for some time. The U.S. Securities and Exchange Commission is regulating by enforcement, levying fines and charges on crypto companies from different subsets of the industry. However, the country has failed to foster an environment for learning and developing businesses in the digital asset industry. We cannot continue to let other countries court the nascent crypto industry while remaining vague in our guidelines or watching entirely from the sidelines. Europe has already begun the process of establishing itself as a crypto innovation hub with the adoption of Markets in Crypto-Assets in the EU.

The source of this news is from TaxBit