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Exchange Rules Spark Conflict

August 14, 2019, The Information

Anne Termine spoke with The Information about the issues cryptocurrency exchange companies face with U.S. regulation. Some exchange companies have resulted to forbidding U.S. customers from using their services. Ms. Termine said that to avoid regulatory scrutiny and possible fines, crypto exchanges should make a “reasonable effort” to prevent U.S. residents from accessing their websites via VPNs. But companies aren’t expected to keep up with every new technological advance that might allow people to misrepresent their locations, she adds. “At some point, regulators have to accept that companies did their best, if companies can demonstrate their efforts.”

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