Uncertainty Looms for Digital Currency Providers and Regulators

, New York Law Journal

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Laura Colombell Marshall and Shawn Patrick Regan, partners at Hunton & Williams, write: If the Liberty Reserve case and recent FinCEN guidance has its desired effect, at least the potential exists for financial institutions to seek new lines of business with compliant digital currencies. For this to happen, however, regulators will need to proceed with restraint and resist imposing unrealistic standards for managing risks in what is still unchartered territory for most financial institutions.

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