Cryptocurrency

Crypto Breaks the Rules. That’s the Point

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Crypto Breaks the Rules. That’s the Point

Cryptocurrency treats regulatory arbitrage as a feature, not a bug. The arbitrage conveys the message that the old regulations need to change. In the post-COVID world, software automatically issues crypto tokens, based on smart contracts that specify conditions for issuance. Standard US regulatory practice typically focuses on regulating host firms and intermediaries,…

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