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As Bitcoin Soars, Attention Turns to Regulation and Compliance – Bankless Times


As Bitcoin Soars, Attention Turns to Regulation and Compliance
It has been an eventful year for Bitcoin and the cryptocurrency space in general. After being caught up in the March stock market sell-off, Bitcoin is again trading near its all-time high. Several factors have contributed to this impressive price rally.
Governments around the world responded to COVID-19 with significant monetary and fiscal stimulus measures. The Federal Reserve, for instance, printed 20 per cent of all the U.S. dollars currently in circulation during this year alone. This expansion of the monetary base has left many investors looking to hedge their portfolios from inflation and fiat currency debasement. Bitcoin, due to its inherent scarcity, presents such a hedge. Over the last several months, Wall Street heavyweights Paul Tudor Jones, Bill Miller and Stan Druckenmiller have all disclosed positions in Bitcoin. At the same time, corporate treasuries are moving a share of their assets into Bitcoi ....

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