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The problem with the way regulators interpret financial privacy
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In a recent announcement by the SEC, the regulator had noted that it has filed 434 enforcement actions in FY21, in the areas of crypto, DeFi, and dark web. While regulatory actions have grown stringent globally, India recently refuted rumors of a private crypto ban.
In a recent interview, Crypto Connect founder and lawyer Hailey Lennon also opined that crypto bans don’t work. She said,
“A country trying to ban a certain type of crypto activity doesn’t end well.”
She said that that entities just leave the territory instead of disappearing. And, we have a real-world example with China, as Bitcoin miners soon relocated to other parts of the world. Several vocal industry voices have also recommended a regulatory structure that doesn’t hamper
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