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Regulators Are Catching Up to Cryptocurrency and Blockchain Technology within the Financial Services Industry

Part One of a Two-Part Article

As we head into 2018, cryptocurrency and blockchain will continue to be a top initiative for pioneers in the financial services industry. As with any innovation within the financial services industry, the regulators are never far behind and are doing their best to keep up. Those that enter this space will find that they also have to pioneer the controls to manage the regulatory risks this technology presents.

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As we head into 2018, cryptocurrency and blockchain will continue to be a top initiative for pioneers in the financial services industry. Within financial services, this space includes everyone from those looking to issue a new cryptocurrency, FinTech firms looking to disrupt the financial services industry though creative uses and implementation of the technology, and banks and non-bank lenders of all sizes looking to see how they can best utilize the technology to cut costs and drive advancements in service. As with any innovation within the financial services industry, the regulators are never far behind and are doing their best to keep up. Those that enter this space will find that they also have to pioneer the controls to manage the regulatory risks this technology presents.

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