Digital Assets and U.S. Regulation: The Push Toward Clarity
This IDC Market Perspective looks at some important efforts by U.S. agencies and legislators to address the lack of certainty in the way digital assets, cryptocurrencies, and tokens will be treated by regulators. Though the regulatory outlook for the cryptocurrency, digital asset, and token market has been somewhat murky, recent announcements by the U.S. government, especially the Office of the Comptroller of the Currency, have signaled that regulators in the United States are open to these financial applications of blockchain and digital ledger technology. There is still much work to be done by regulators and legislators worldwide, but the latest guidance from the United States provides a model for other regulators to follow and indicates that the United States may be ready to take the lead in the token economy."For many years, there have been doubts about how regulators, central banks, and governments will treat digital assets, tokens, and cryptocurrencies," said James Wester, research director, Worldwide Blockchain Strategies. "Recent guidance from regulators in the United States is an early indication that governments can fulfill their obligations to protect investors and markets while still encouraging the development of this very transformational technology."
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