According to the statement ofLegal Director at British law firm Reynolds Porter Chamberlain (RPC), Jeff Kaufmann, the preparation and introduction of cryptocurrency regulation could take several years.
Kaufman explained such extensive periodby the complexity of creation the regulation for totally new assets andbusiness models. He also added that past precedents show that even minorchanges to the current regulatory regime can take years.
RPC is a London-based corporate andinsurance law firm with offices in Bristol and Singapore, and staffamounting to 720 people, including over 80 partners and 330 other lawyers.Since 2014 the firm has been named Law Firm of the Year three times.
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