Jason Weinstein and Alan Cohn are attorneys during Steptoe Johnson LLP in Washington DC, and counsels to a Blockchain Alliance.
Jason formerly served as emissary partner profession ubiquitous during a Department of Justice and serves on a advisory play of BitFury, a Chamber of Digital Commerce and Coin Center. Alan served as partner secretary for strategy, planning, research and risk during a Department of Homeland Security.
After an eventful 2015 for bitcoin and a blockchain, what’s in store on a regulatory and coercion front in 2016?
Here are some things to watch:
1. Policing of onramps and offramps
With mixed sovereign regulatory agencies carrying summarized their mandates in a bitcoin and blockchain space and laid down how they intend to provide digital currencies, we are increasingly expected to see ‘regulation by enforcement’ subsequent year.
That is, we might see some-more coercion actions brought opposite sold attention companies, promulgation a summary to other firms about how group manners will be practical in practice.
The apparent concentration of coercion will be income use businesses (MSBs), that lay during a intersection between bitcoin and other digital currencies and fiat currencies.
While adult to now some of these cases have concerned ‘low-hanging fruit’