Regulation of crypto industry: current state, strategies & effects
2018 could be designated as year of cryptoindustry regulation. Most countries especially developed ones create working groups to discuss and create certain laws and in some cases enact proposed legislation in relation to the actions of the cryptoindustry agents. Among 235 countries considered in this report, 35 already made their public statement towards cryptoindustry regulation. However, most of the regulators have already changed their positions, behaviors and attitudes towards the cryptoindustry a number of times since its emergence.
This report is the first one in the series of reports dedicated to the cryptoindustry produced by the SKOLKOVO Financial Innovation and Cashless Economy Centre. It analyzes global cases of cryptoregulation and classifies possible strategies of different regulators. This report will be useful not only to the governmental and regulatory institutions but also to all of the cryptoindustry ecosystem participants: businesses that lobby certain regulatory initiatives, companies that actively operate in the cryptoindustry, individuals that consider trading as a hobby or profession as well as to anyone, who is interested in the global cryptoindustry development. Regulation is one of the fundamental areas that needs to be taken into consideration during the creation of business strategies towards interaction with cryptoindustry and identification of possible current and future states of the market development.
Download:
- Report: in Russian, in English
- Executive summary: in English, in Russian
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