Regulators Are Looking at Cryptocurrencies More Favorably but Cautiously

[coinpediaJordan]

SEC and CFTC gave a presentation to a congress committee where they called for a need to have coordinated efforts in coming with viable regulation. Both alluded to the need for a regulation to curb misuse of the innovation.

Read more here: Regulators Are Looking at Cryptocurrencies

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[Dluretic]

Current encryption money market exists many problems, so the regulators with joint control the whole market is normal, in my opinion supervision is a good thing, because regulatory means admit that market is legitimate.

[ShadowBits]

SEC and CFTC gave a presentation to a congress committee where they called for a need to have coordinated efforts in coming with viable regulation. Both alluded to the need for a regulation to curb misuse of the innovation.

Read more here: Regulators Are Looking at Cryptocurrencies

Yes, that would be a great deal to the crypto world, it will make some people really secure with their investments.

[sourish]

Crypto spells innovation, and that is one word no govt body would like to be exempt from. So adoption is imminent, just the levels and required regulations remain in question. This definitely would benefit everyone by putting to rest the myriad fears and uncertainty surrounding the crypto world.

[Ini35]

It is a good development. In order to curb some things, it was announced sometimes ago by the SEC that cryptocurrencies and tokens offered through ICOs are securities. As securities, cryptocurrency exchanges should follow the same rules as every exchange. They should register through the SEC as a national securities exchange, an alternative trading system (ATS) or a broker-dealer.

[aioc]

Current encryption money market exists many problems, so the regulators with joint control the whole market is normal, in my opinion supervision is a good thing, because regulatory means admit that market is legitimate.

I agree with you but I don't like the KYC process everytime you want to participate or trade cryptocurrency, once they have full control of these the true essence of decentralization will fade away, there should be a compromise or agreement on this.