“The impact on the cryptocurrency business is going to be massive. I can see it playing a significant role in allowing some market participants to rise to the top and separate themselves from others who don’t get out ahead of compliance issues.”
Beitchman notes that some of the language in the draft regulations seems strangely vague and unclear:
Iran Steps Up Plan for National Crypto After US Sanctions - Bitcoin News
Right after Washington’s move to impose sanctions that will restrict Iran’s access to US currency, reports came out that Tehran is speeding up the project to develop a national cryptocurrency.
Toronto May Soon Drive Virtual Currency Laws Across Canada
The acceptance of Councillor Kelly's proposal on January 31, 2018 may serve as a catalyst for rapid legal development in the virtual currency space, with Toronto having initiated the process. Chetan Phull · Jan 16, 2018
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