EY put out a piece in November 2021 entitled “How to ensure compliance and control in cryptocurrency”.  The piece states, among other things:

“Compliance missteps can be costly and hinder the progress of growing organizations, potentially determining the success or failure of a crypto-involved business during this turbulent period.  It is imperative that the issuers and trading platforms of crypto assets are flexible and adaptable as the legal requirements and regulatory frameworks are ever evolving.  Addressing these compliance issues and taking full advantage of the available technology and expertise is vital to successfully navigating the cryptocurrency and blockchain world.”

Read the full piece here.