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Crypto Compliance

Crypto Compliance

The release of Bitcoin and blockchain technology on the 1st January 2009 was more than just a silent shot across the bow of existing financial services and the fiat currencies they represent. It was the starting pistol of a regulatory cat and mouse game (no different from an episode of Tom & Jerry) in which governments around the world have stuggled to bring this new medium of payment and transfer of value to comply with exisiting legistlative frameworks.

Due to issues of national pride, historical distrust and animosities, the G7 and G20 nations do not have a consistent and coherent approach to handling cryptocurrency in particular Bitcoin. Each major economic country or regional grouping has its own view and approach.
 
For developers, business operators, financial institutions and regulators, this is a new compliance frontier whose rules change on a daily basis making it a minefield to the uninitiated.

At Citygold we have been involved in the crypto and blockchain space since 2016.