Secondly, it can outsource the service to be provided by a private firm. In this case, the full fee will also have to be paid unless the government provides a subsidy. Thirdly, the government can provide the service free of charge. In the cases of the subsidy and no charge, the question can then be asked, who pays?
The US has already extended its AML regulatory framework to cryptocurrency. Other countries include, Australia, Canada, Japan, Mexico and Switzerland. Therefore, it is important to recognize the role cryptocurrencies play in the financial markets, and to start thinking about allowing emerging technologies to have a level playing field in these markets.