Brian Cromwell and John Amabile wrote a guest article in The Banking Law Journal on how regulations are shifting as cryptocurrency and blockchain technology evolve.
"Financial institutions large and small are investigating, and investing in, blockchain technology," they wrote. "The many and varied uses of blockchain will impact supply chain dynamics, money transfers, contracting and a multitude of commercial applications. Blockchain has the potential to be the most impactful invention since the industrial revolution. This article will help financial institutions understand three major issues: What is cryptocurrency? What are the regulatory challenges these new tokens face? And how do they play into existing banking obligations?"
You can read their detailed analysis here. The Banking Law Journal has been a leading publication for in-house counsel and other legal professionals in the banking industry since 1889.