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Joshua Ray outlines the ongoing challenge of regulating cryptocurrency

Author: Joshua L. Ray  6 January 2022

With Chainalysis’ Crypto Crime Report stating that cryptocurrency-related crime was at an all-time high in 2021, Joshua Ray was asked for his opinions by Financial News.

Josh said that as the number of cryptocurrency investors continues to rise, it comes as no surprise that there are a small minority of individuals who are seeking increasingly creative ways to make illegal gains.

He added that regulatory gaps and patchy enforcement efforts create opportunities for criminal activity. But he emphasised that the issue is now on the radar of regulators.

Josh argued that an increase in enforcement activity and improved regulation will lead to a drop in the number of illegal crypto transactions, which will further heighten the appeal of cryptocurrency.

Josh's comments can be read on Financial News. (Subscription required)

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Joshua L. Ray

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Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.

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