With the price of Bitcoin reaching record highs of over US$40,000 in early January, the profile of – and investor interest in – cryptoassets continues to increase. In parallel the global regulatory landscape is swiftly evolving with recent calls for cryptocurrency to be subject to tightened rules and HM Treasury releasing an important new consultation.
In this article, Stephen Elam and Shelley Drenth examine the flurry of political and regulatory engagement with cryptoassets in recent weeks in the UK, Europe and the US. 2021 looks set to be a critical year for cryptocurrency as the sector inches closer to mainstream commerce and regulators continue to grapple with these issues. See link here for full article.