“The world that Satoshi Nakamoto, author of the Bitcoin whitepaper envisioned, and others are building, is an unstoppable force.”
– Patrick McHenry, U.S. House Financial Services Committee
Regulation is a dubious word in the crypto world, especially when you consider the visionary principles outlined in the Satoshi Nakamoto’s hallmark Bitcoin whitepaper. It aimed to create a financial system that relied on no third party, nor dictated by outside entities such as governments or banks. As a result, Bitcoin enthusiasts demanded a platform that was free from any interference – internal or external.
However, in the last couple of years industry has grown radically in multiple ways primarily in terms of a multi-billion dollar market capitalization, global awareness, and media interest. This naturally caught the attention of national and regional regulators across the globe.