Regulatory regimes chase behind technological developments, and the chase to make the world a bit safer for those who are buying into cryptocurrency is no exception.
Governments tend to drag the chain when new things emerge because it is never clear whether a technology is a short-run fad or something that will last the distance. Problems with new technologies may not always be evident when they first emerge, and they are breathlessly adopted and manipulated by people keen to see for what purpose a new way of operating online might be used.
New technologies also bring with them other uncertainties.
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