Linsday Lin
Considering bitcoin’s origins as a decentralized technology designed to disrupt the world banking system, it’s no surprise that the cryptocurrency community has a rather tepid relationship with financial regulators like the Securities and Exchange Commission (SEC).
Meanwhile, alleged cryptocurrency scams like Centra Tech — which the SEC believes raised $32 million in a fraudulent initial coin offering last fall — have done little to help the relationship from the regulator’s perspective.
Add this complicated background to the fact that the SEC is still developing its official policy on how to regulate cryptocurrencies, and you’ve got an incredibly vague and shaky legal environment from which to try to run a business.
