My recent speaking engagement at the Inside Fintech Conference in Seoul got some media coverage:
Nathan Park, lawyer at US litigation boutique firm Kobre & Kim, stressed the importance of considering cryptocurrency regulations for all major markets with all players going forward. “The way to navigate the global regulatory scheme is to be aware of the regulatory structure in all the major markets where the company will be represented,” Park said.
Cryptocurrency Clamp Down May Encourage Regulatory Arbitrage [The Investor]
This is a very important point in understanding digital currency regulation. The naive initial assumption about the digital currency was that it was beyond national regulation, because it is so easy for those engaged in the digital currency business to move onto a different country. But the actually emerging picture is each country going beyond their national borders to assert regulatory jurisdiction. Rather than being freed from the national regulation, those engaged in the digital currency business are in fact subject to even more national regulations, depending on the level of business they attract from different corners of the world.