Andrew Yang, Democratic Presidential Candidate,stated on Twitter: "NewPolicy #22 – Digital Asset/Cryptocurrency Regulation. Investment incryptocurrencies and digital assets has far outpaced our regulatory frameworks.Investors need to know what their treatment will be in order to innovate in theU.S properly."

Yang stated thatcryptocurrencies have now grown representing a lot of value and economicactivity. He further added that there isno regulatory uniformity in the cryptocurrency space, which in turn have led toa need for patchwork to gain regulatory clarity concerning different states —thereby making it difficult for the US market to compete with other marketslike in China and Europe.

When commentingabout Fang one of the Twitter users stated that Fang is one user who is in touchwith technology, crypto, and the blockchain. The Twitter user further added the government does not have any furtheridea of what to do with the digital asset.

In India, the RBIhas excluded cryptocurrency from the regulatory Sandbox. The RBI, which functions as the Central Bankof India stated that blockchain and smart contracts are welcomed, butcryptocurrency and related services might not be accepted for the testingprocess. The RBI has issued “Anindicative negative list” consisting of products, services, and technology“which might not be accepted for testing.” This list included the cryptocurrency.

Russia, on theother hand, has recently stated that they do not have a clue as to how they areto regulate the cryptocurrency. Theyhave proposed a ‘digital assets' law which focuses on legalizing ICOs inRussia, and they are expected to be reviewing the law in May. However, thelawmakers have now realized that it is not useful to regulate Bitcoin. Theyconsider that by design cryptocurrencies cannot be regulated.

Moiseevstated, “To be honest, I thought anonymity and cryptocurrencies were a thing ofthe past.” He further added that he attended two roundtables at Gaidar forumwhere he heard others saying that secret platforms do exist and that they canprovide with complete anonymity.

In thelatest version of the law, the definitions of cryptocurrency, mining, andtokens are removed. Instead, they areall being referred to under the general definition of digital assets. The current law though drafted with goodintentions is under a lot of criticism.

Yuriy Pripachkinstated that the proposed law would only increase government pressure,ultimately pushing startups to move on to friendly jurisdictions like in Maltaor Switzerland.