While their handling of cryptos could not PrimeXBT have been more different, their responses, both through their treatment and through their words, are similar. The WTO will need to find a way to protect smaller nations and developing countries against the importation of cryptos. Currently, developing countries such as Thailand and China have instituted regulations preventing their use and have not raised any concerns about other countries permitting the inflow of the cryptos.
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Elliptic has been our trusted partner since 2015, helping strengthen our AML program and create a new standard for compliance in the crypto industry. We value their emphasis on data precision, as well as commitment to build a more transparent safer crypto economy. While there is far from any custom concerning cryptos, Canada and China’s actions could be the birth of custom. The WTO could be the place to foster this growing custom until the point where an actual definition for cryptos could become customary international law.
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