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25 January 2021

bitFlyer Chief Compliance Officer on the current state of crypto regulation in the United States | CryptoSlate

bitFlyer Chief Compliance Officer on the current state of crypto regulation in the United States | CryptoSlate


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bitFlyer Chief Compliance Officer on the current state of crypto regulation in the United States.

It seems more likely that these have been ongoing investigations that are just now being completed.

Investigations that were undertaken at that time are likely now coming to a close, and that’s why it appears the scrutiny against crypto exchanges is recent.

We could see crypto exchanges rushing to conclude settlements for past indiscretions as the expectation is that the Biden administration will more actively enforce applicable regulations?

What does it say about the broader crypto market that major exchanges have faced increased regulatory punishment but the prices of Bitcoin keeps surging.

As crypto exchanges mature and work to address their regulatory challenges, and as regulators punish those who skirt their legal responsibilities, the industry will also mature and gain legitimacy and public trust.

Users who have not purchased crypto before or more advanced crypto traders.

bitFlyer is working hard to ensure that our platform is user friendly for advanced crypto traders, first-time buyers, and everyone in between.

Overall, I believe the crypto market will mature as more and more institutional money finds its way in.

It is my belief that additional interest from corporate traders will enable individuals to enjoy greater asset appreciation of Bitcoin and the flexibility to utilize Bitcoin as an instrument in more avenues.

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