” The race to regulate the cryptocurrency and the Initial Coin Offering (ICO) market has hit full stride. It’s more of a marathon than a sprint, with hurdles. In recent months over 30 global regulators announced their various approaches to token sales and ICOs. This emerging space is full of promise and potential pitfalls. What happens next?
What is evident in this race is Bitcoin, digital currencies and ICO token sales have created very vocal supporters and detractors from the world of high finance and government.
There is Christine Lagarde of the International Monetary Fund telling us that we are about to see massive disruption in FinTech and that it is time to get serious about digital currency, while Jamie Dimon of JP Morgan says Bitcoin is a fraud that will eventually blow up. ”