Don’t Wait for Regulations to Transform Cryptocurrency Securities

Can you imagine if the dark web existed in the time of William Shakespeare? The soliloquies of “Othello‘s” nefarious Iago might have expounded on cryptocurrency securities, yet he’d likely turn around and encourage Roderigo to infiltrate your digital wallet to “put money in thy purse.”

In the play, Iago actually says, “Who steals my purse steals trash; ’tis something, nothing; ‘Twas mine, ’tis his, and has been slave to thousands.” It’s a noble thought, but those who have been victims of cryptocurrency theft most likely disagree.

According to a recent report from Reuters, cybercriminals stole $761 million worth of cryptocurrency in just the first six months of 2018. That’s nearly three times the total for all of 2017, which was a whopping $266 million, serving as evidence that malicious actors are still finding new ways to fill their digital purses.

Pursing the Threat

What does that extraordinarily high level of theft mean for cryptocurrency securities?…