Episode 33 — Bitcoin, Cryptocurrencies and Compliance — Interview of Matt Stankiewicz
Cryptocurrencies, including Bitcoin, are exploding on the marketplace. Cryptocurrencies are promising huge technological advances in our economy by relying on the new blockchain technology.
Initial coin offerings raised $7 billion in capital last year, and this year ICOs are expected to raise over $20 billion in capital.
Bitcoin and other established cryptocurrencies have increased in value. Bitcoin reached a high of nearly $20,000 and is now trading just under $7000. Ethereum, a rival cryptocurrency, is trading at just under $400.
Bitcoin and other cryptocurrencies are volatile, and investors are suffering significant swings in profits and losses. At the same time, we are witnessing the beginning of regulatory and enforcement actions of the industry and enforcement actions against fraudsters, Ponzi schemes and other misconduct surrounding the cryptocurrency market.
To help review these issues, Michael Volkov interviews Matt Stankiewicz, an associate at The Volkov Law Group.