Regulatory Challenges as Virtual Currency Becomes “Real” MoneyRead Time: 1 min
Some foreign countries have already adopted forms of virtual currency as legal tender or are considering or piloting adoption. Following the March Presidential Executive Order requesting, in part, an interagency report on the development of a United States Central Bank Digital Currency, and recent proposed state legislation which would make virtual currency legal tender, will the United States be next? How would the adoption of virtual currency as legal tender affect current regulatory oversight of money services businesses?
Member Amy Greenwood-Field (Washington, DC) will participate in a panel discussion on the regulatory challenges associated with virtual currency during the Money Transmitter Regulators Association (MTRA) Annual Conference on Wednesday, September 21, 2022.
Amy will also offer Opening Remarks during the Industry Only Forum, coordinated by the Industry Advisory Council, on Tuesday, September 20, followed by a McGlinchey-sponsored Industry Reception, organized by the Money Services Business Association (MSBA).