Regulating Cryptocurrency: Rahman Ravelli Outlines Challenges
With Chainalysis’ Crypto Crime Report stating that cryptocurrency-related crime was at an all-time high in 2021, Rahman Ravelli were asked for their opinions by Financial News.
They 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.
They added that regulatory gaps and patchy enforcement efforts create opportunities for criminal activity. But they emphasised that the issue is now on the radar of regulators.
Rahman Ravelli 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.
Rahman Ravelli's comments can be read on Financial News. (Subscription required)
