Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Adrienne Harris Says

“Well, there isn’t actually anything illegitimate about crypto. It is just a technology. It is a way to keep records. Rather than in a centralized entity, they have a shared ledger, so there is nothing illegitimate about it,” Peter Kerstens, an adviser at the European Commission, said during the same panel. “You can do an awful lot of illegitimate things with that technology, and we’ll try to moderate and regulate for that.”

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