ANALYSIS: Digital Asset Adoption Accelerates in U.S. and Abroad

The early months of the Covid-19 pandemic saw growing interest in digital assets globally. In the second half of 2020, the U.S., European Union, and China have acted to expand the use of digital assets in their economies, each in its own way. This trend could further accelerate growth of digital asset usage around the world in 2021.

U.S. Administrative Actions

Federal financial regulators have been working collaboratively to issue guidance intended to clarify regulatory issues that have created problems for uses of digital assets.

In July, the Office of the Comptroller of the Currency (OCC) issued an interpretive letter ...