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Cryptocurrency and Digital Asset Regulation: A Practical Guide for Multinational Counsel

ABA Releases Guide for Banks on Crypto

The American Bar Association (ABA) has released a new report, “Cryptocurrency and Digital Asset Regulation: A Practical Guide for Multinational Counsel,” which provides guidance to multinational corporations on the regulatory landscape for cryptocurrencies and other digital assets.

Existing and Emerging Regulatory Issues

The report covers a wide range of regulatory issues related to cryptocurrencies and digital assets, including:

* Securities regulation * Anti-money laundering and countering the financing of terrorism (AML/CFT) * Tax regulation * Data privacy and cybersecurity * Cross-border enforcement

Conclusion: A Policy Framework for the Future

The ABA report emphasizes the importance of a clear and comprehensive regulatory framework for cryptocurrencies and digital assets. It calls on policymakers to work together to develop a framework that:

* Protects consumers and investors * Fosters innovation * Facilitates cross-border commerce * Balances the need for regulation with the potential for growth The ABA's report is a timely and valuable resource for multinational counsel who are navigating the complex regulatory landscape for cryptocurrencies and digital assets. It provides practical guidance on existing and emerging regulatory issues and highlights the need for a clear and comprehensive policy framework for the future.