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Very interesting. I don't understand the US Constitution well enough to have an opinion (I'm a Brit) but the regulatory challenge is interesting. More generall
by steve_gh 2y ago
Very interesting. I don't understand the US Constitution well enough to have an opinion (I'm a Brit) but the regulatory challenge is interesting.
More generally, as the speed of technological change accelerates, how can the regulatory framework evolve at a matching speed?
- verdverm 2y agoThe current financial regulations are largely considered to be adequate for cryptos. It's the crypto crowd that wants a carve out to gain exceptions from well accepted laws. (KYC,AML, registration of securities, taxes on gains)
- steve_gh 2y agoButits not just crypto. Regulatory bodies are struggling to cope with the challenge of AI. What's next?
- verdverm 2y agoOn the other side of the same coin, it can be just as bad if laws and regulations are too easy to change. Business will suffer whiplash and have an unpredictable environment within which to operate There are no easy answers, especially with so many actors and diverse opinions