The digital currency space experienced several key regulatory developments in 2019. These developments took place as China made steps toward issuing a central bank digital currency (CBDC). The plan was to evaluate the digital currency to see how well it performed in real-world use cases like healthcare and transportation. The project, which would allow participants to send each other money using a native digital currency, drew significant scrutiny from regulators. “However, companies fighting back can also push the SEC to accelerate regulatory developments and set clearer guidelines for the future,” emphasized DiPasquale.

Source: Forbes January 27, 2020 12:56 UTC