Across the world, regulators are struggling to put together constructive policies around the world’s newest financial and technological tool. Distributed ledger technology (DLT) has become synonymous with the cryptocurrency market – which in itself has evolved significantly over the past twelve months with major exchanges now offering derivatives and bitcoin’s trading volumes reaching new heights. But while regulators in some jurisdictions have instigated debates around DLT and cryptocurrencies, others have shied away, seemingly waiting for the market to mature before creating definitive rules.
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