Regulators Look Kindly on Crypto

[TomPluz]

Law Decoded: As Crisis Mode Fades, Regulators Look Kindly on Crypto

Regulators are warming up to crypto around the world as they embrace innovation for economic recovery.

The week has been remarkably active for policy, possibly as a result of economies showing signs of heading slowly back to normal. While crisis remains, it seems like everyone has gotten numb to crisis mode.

Recent news has been quite kind to crypto all over the world. We may in fact be seeing a trend that many predicted back in March when COVID-19 lockdowns first took hold. Beyond the immediate importance that a disease that can be transmitted by cash gave to digital payments — or even the need to send money to hundreds of millions of people at once — the moral seems to be: On the road to economic recovery, regulators are willing to get creative. Bullish news for tech in general, crypto in particular.

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Can this be one of the many good things that happened all because of the ongoing pandemic the world is facing?