As bitcoin and other cryptocurrencies begin to grow in the collective minds of regulators globally, the industry continues to see a substantial increase in scrutiny. Yet due to the unprecedented nature of the technology, regulators are struggling to apply old rules to new technology in a meaningful way.

While well intentioned, many of these regulations echo the comical “Red Flag Traffic Laws” that were passed around the time of the invention of the automobile. Presumably for safety reasons, this law mandated that there be at least three people employed to drive, including one who precedes the vehicle “on foot by…

Mina Ekladous

Attorney reporting on the latest FinTech developments (for fun). All thoughts solely my own; nothing herein constitutes professional, legal or financial advice.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store