Published on April 21st, 2017 | by bitcoin0
It is Unclear if New Dlt Rules are Needed According to United States Government Watchdog
The US Government Accountability Office (GAO) has yet to decide if new regulations are needed to capture blockchain tech.
The agency, which provides investigative and auditing services to the US Congress, published a broad, multi-chapter report today on the state of fintech today.
Included is a section on blockchain that explores details the technology itself while providing an overview of industry developments in recent months.
The report notes:
“Continued development of DLT is needed to understand how DLT and its components will be regulated by the existing legal and regulatory system.
Additionally, it is unclear whether new regulation will need to be created because DLT can present new and unique challenges.”