Barnabas Reynolds, Partner in S&C’s Financial Services Group, authored an article for the Financial Times discussing considerations for regulators as they work to create and enforce cryptocurrency policies. Barnabas highlights the importance of regulation for market participants and offers an approach based on a disciplined process and practical principles.
“Begin with behaviour on the ground; intervene only where there is evidenced risk; and use clear, prospective rules that people can plan around,” he writes. “Markets will reward jurisdictions that match discipline with humility. Markets will, just as surely, route around those that try to command what is not commandable.”
Read: “The crypto policy paradox”