Tensions continue this week as regulators grapple whether Bitcoin is a digital asset or digital currency.

Kate Rhodes, KRC explores the fundamental tensions between ‘industry’ and key regulatory stakeholders struggling to classify Bitcoin (BTC) as a digital asset or digital currency. The global approach towards regulating digital assets is largely inconsistent, leading to consumer protection issues and regulatory arbitrage.

There is a disagreement at global level in the regulatory treatment of BTC, and whether it is a digital asset or digital currency. Many regulators err on the side of caution and maintain that BTC behaves like an asset, and not a currency.

Here are five issues that frequently crop up with defining digital assets:

1.Central banks…


Kate Rhodes, KRC, discusses why the introduction of digital asset regulatory frameworks may stabilise the price of Bitcoin (BTC) and how global regulatory compliance investigations are increasing despite increased number of digital-asset related trade associations and codes of conduct.

The honeymoon period for digital assets, or ‘crypto’ as referred to by the industry, has ended. The price of BTC is crashing and many companies seeking to tokenize their models through initial coin offerings (ICOs) are failing to raise money. Some ICOs are changing their original investment models entirely by switching from tokenized to equity model to fundraise. …


Last week Kate Rhodes, KRC discussed frameworks when approaching the topic of regulation, blockchain and digital assets. This week her ‘Five Things’ column covers the fundamentals of regulation.

Why do governments regulate? What is good regulation? How do I get a good regulatory relationship? How this is relevant to blockchain and digital assets? What is happening in Europe and the UK?

  1. Why do governments regulate?

Regulation can be defined as a body of rules that serve a purpose, whether its aim be to harness benefits of scale economies and identify areas that are monopolistic, to protecting citizens and future generations.


Many governments draw parallels between regulating blockchain and financial services when they consider how to regulate new digital asset classes like Bitcoin and Ether. But how should blockchain and digital assets be regulated? In the first in a series of articles, Kate Rhodes tells you the five things you need to know about frameworks that may be useful when approaching the topic of regulation, blockchain and digital assets

This series of articles will address how, what and why when trying to impose borders on a borderless industry. Before we embark upon this journey, I will be using my ‘Five Things’…


Five things you need to know about digital assets and financial stability

One of the U.K. Crypto Task Force’s key regulatory concerns relating to digital assets is their impact on financial stability. Kate Rhodes, KRC looks at the relationship between digital and government (fiat) currencies. She also discusses the issue of financial stability and volatility.

Many regulatory concerns about digital assets pivot around their financial stability and volatility. …


Many governments are developing their understanding of blockchain and digital assets. This week, the UK Crypto Task Force published its second report on this topic. Kate Rhodes, KRC, discusses the implications of this report for blockchain in the U.K. and the five things you need to know if you have not read the report yet.

It has been a busy week for blockchain and digital assets in the UK, with the UK Crypto Task Force (CTF) publishing its final report on blockchain and digital assets. The CTF’s remit is to help harness the benefits, manage the risks and develop the…


by Kate Rhodes, KRC.

Regulatory, political and legal developments impact the stability of both government currencies (fiat) and digital assets (crypto), so it is not surprising both markets remain fairly bearish with the multitude of announcements earlier this week. Kate Rhodes, KRC discusses.

Blockchain and digital asset regulatory frameworks continue to be put together at the rate of knots with Albania, China, Russia and Taiwan all announcing their future plans in this arena. The U.S SEC continues its active work on this topic, stating that it will house a new department providing guidance for companies considering tokenising their models. …


Regulatory, political and legal developments impact the stability of both government currencies (fiat) and digital assets (crypto), so it is not surprising both markets remain fairly bearish with the multitude of announcements earlier this week. Kate Rhodes, KRC discusses.

Blockchain and digital asset regulatory frameworks continue to be put together at the rate of knots with Albania, China, Russia and Taiwan all announcing their future plans in this arena. The U.S SEC continues its active work on this topic, stating that it will house a new department providing guidance for companies considering tokenising their models. …

KRC: Kate Rhodes

Kate Rhodes, KRC. Blockchain Regulatory and Political Advisory. Tweets are opinions only. Retweet may not be endorsement. ENG/FR/IT

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