What measures are tech experts suggesting to Washington in order to resist the growing impact of crypto?

3 answers

• Dec 26, 2021 · 3 years ago
  Tech experts are suggesting that Washington should establish clear regulations and guidelines for the crypto industry. This would provide much-needed clarity for businesses and investors, while also ensuring consumer protection. By implementing a regulatory framework, the government can address concerns such as money laundering, fraud, and market manipulation. It is crucial to strike a balance between oversight and fostering innovation to allow the crypto industry to thrive.
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• Dec 26, 2021 · 3 years ago
  To resist the growing impact of crypto, tech experts recommend that Washington invest in educating policymakers and regulators about the technology behind cryptocurrencies. By understanding the underlying blockchain technology, policymakers can make informed decisions and develop effective regulations. Additionally, collaboration between government agencies, industry experts, and technology companies can help create a comprehensive approach to address the challenges and opportunities presented by cryptocurrencies.
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• Dec 26, 2021 · 3 years ago
  At BYDFi, we believe that Washington should take a proactive approach to regulate the crypto industry. This includes implementing know-your-customer (KYC) and anti-money laundering (AML) measures to prevent illicit activities. Additionally, establishing a licensing framework for crypto exchanges and service providers can ensure compliance and protect consumers. It is essential for the government to work closely with industry experts to develop regulations that strike a balance between security and innovation.
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