Cryptocurrency
U.S. regulatory uncertainty is the biggest issue for crypto firms, research interviews show
As reported by The Block, “Interviews of crypto firms conducted by The Block shows – perhaps unsurprisingly – that regulatory uncertainty in the U.S. remains the top barrier for companies working in the crypto and digital asset space. “Ninety-one percent of companies interviewed as part of The Block Genesis’s Digital Asset Human Capital Trends Report, […]
As reported by The Block, “Interviews of crypto firms conducted by The Block shows – perhaps unsurprisingly – that regulatory uncertainty in the U.S. remains the top barrier for companies working in the crypto and digital asset space.
“Ninety-one percent of companies interviewed as part of The Block Genesis’s Digital Asset Human Capital Trends Report, commissioned by the Blockchain Association, cited ‘regulatory uncertainty’ as a barrier.
“’Everybody heard that term, which is regulation by enforcement and that’s a real fear and that’s hard to rely on and set up businesses,’ Michelle Bond, global head of government and regulatory affairs for Ripple, told The Block.
“Costs and unclear tax laws were cited by 43% and 9% of participants, respectively. Crypto executives canvassed highlighted the cost of regulatory compliance when reached during the interview process…”