Regulators Not Afraid to Take Motion Towards Crypto Rule Breakers, NYDFS Chief Adrienne Harris Says

“Effectively, there is not truly something illegitimate about crypto. It’s only a know-how. It’s a technique to maintain data. Fairly than in a centralized entity, they’ve a shared ledger, so there may be nothing illegitimate about it,” Peter Kerstens, an adviser on the European Fee, stated throughout the identical panel. “You are able to do an terrible lot of illegitimate issues with that know-how, and we’ll attempt to reasonable and regulate for that.”