Too Long; Didn't Read
This article discusses how financial regulators can regulate smart contracts in such a way that the adoption of the blockchain is feasible. I will argue that to regulate cryptocurrencies without destroying it, fungibility must be maintained, and it must be treated as money. The Securities and Exchange Commission (SEC) has recently suggested that the cryptocurrencies Bitcoin and. Ethereum can serve as legal tender (Schlegelmilch 2019) Even if cryptocurrencies are made illegal, they would still work for anyone with access to the internet, and the company Blockstream has released a satellite relay which gives the capability to conduct a Bitcoin transaction using a satellite antenna.