“When the government seizes a boat or a house or a car, they auction it off. When the government seizes illegal narcotics – cocaine, heroin you name it – they don’t auction it off to the American people. So, to me, when they seized bitcoin and auctioned it off to the American people, I thought ‘This is legal, this is going to be OK and I need to pay a lot more attention to this.'”
In this video from MarketsWiki Education’s New York event, Jeff Bandman of Bandman Advisors paints a holistic view of the digital asset regulatory landscape, from money laundering to retail investor protection to the lack of a shared vocabulary to describe the instruments in question.
Produced by Mike Forrester