One of the main reasons governments around the world are cautious and suspicious about crypto is due to the prevelance of bad actors in the eco system.  But the floodgate has opened. Whether they like it or not, government cannot stop crypto even if they try.

The next best option is to tame this beast by introducing regulations to ensure bad actors do not enrich themselves at the expense of less inform members of the public.

What does license allow  Covesting to do that others exchanges are not able to?

The answer to this question may not be obvious now, given the most successful crypto exchanges operate under clouds of anonymity in jurisdiction known as tax havens with lax regulatory discipline.

I have been following Covesting since it’s ICO.  I expect the following to occur in the coming months if not sooner:

- Regulatory authorities around the world will require exchanges handling investment from public to be subjected to control and compliance similar to traditional investment products.
- Strict KYC and AML surveillance must be in placed
- Convergence of crypto investment into mainstream financial markets and entrance of large institutional players into the crypto space

When these 3 things happen, licensed platforms such as Covesting will leapfrog ahead the top players in the market if they remain “free” and not subjected to powers of law and accountability to the investing public.

I can’t see professional fund managers choosing to do business with unlicensed exchanges when licensed one such as Covesting ready to do business with them.

iOS App is now available on AppStore, download link is here:
Covesting by Covesting
https://itunes.apple.com/my/app/covesting/id1402062324?mt=8