For any crypto-related project, getting into the U.S. market — one of the largest and most profitable markets in the world — is both a dream and a nightmare. On the one hand, John McAfee is planning to run for President in 2020 and promote blockchain technologies; on the other, regulators are baffled by what to make of cryptocurrencies. In today’s World CryptoMap instalment, we are taking a closer look at cryptocurrencies in the USA. Let’s go!

Regulation of Crypto, Tokens and ICOs

In the United States, crypto-related operations are subject both to federal laws and state regulations. On the federal level, all crypto-related activity except for taxation is controlled by the Financial Crimes Enforcement Network (FinCEN). Such activity should also be licensed as long as state regulations call for that. While most states (such as New York and Washington) tend to heavily regulate Bitcoin and other digital currencies, some others are way friendlier towards them. For instance, blockchain transactions are not taxed in Nevada.

To get a clearer view of this two-tier regulatory system with regard to cryptocurrencies in the USA, let’s take a look at the timeline: