Beyond the Silk Road: Crypto Needs a Regulatory Course Correction

This raises the question: Will the crypto sector’s most prominent figures – the individuals sometimes pejoratively described as “crypto bros” – be willing to abandon their laissez-faire attitudes and embrace governmental expectations?

Because if not, it is reasonable to assume the industry’s rocky relationship with law enforcement and regulators won’t be improving soon.

For an example of this, consider the industry’s difficulties meeting registration requirements under national anti-money laundering (AML) laws. While the steps for registration are typically simple, some firms have failed to take them in the apparent belief that they should not be obligated to comply with such rules on a global scale, particularly if the regulations vary across jurisdictions.

Source: Beyond the Silk Road: Crypto Needs a Regulatory Course Correction