Cryptocurrency, a necessary regulation

Cryptocurrencies are effectively unlegislated right now in the United States – a new technology without an overarching framework of how to address the new needs, and innovations it brings. Congress has passed no explicit law defining an overarching view on cryptocurrencies. In contrast, Roger Huang writes on Forbes, applying old regulations, rules set for quasi-similar historical comparisons, have proceeded aplenty, even if it might be an imperfect match.
There are other countries where there is barely any basic regulation of cryptocurrencies. Then there are countries like Mexico, which enacted a “Law to Regulate Financial Technology Companies” in March 2018, with a chapter specifically devoted to the operations of “virtual currencies”.