Stock market principles needed in crypto world: SEC official

[russaa8]

The work of the trading platforms for crypto-currencies can be improved by applying to them some principles of stock market regulation. Jay Clayton, reports Reuters.

https://www.reuters.com/article/us-crypto-currency-regulation/stock-market-principles-needed-in-crypto-world-sec-official-idUSKBN1GY2ZN?utm_source=applenews

Clayton refers to examples of such principles as supervision and the policy of best execution of transactions. As for the ICO, the head of the SEC is of the opinion that the same requirements as for securities should apply to the sphere of primary bids of coins.
Head of the SEC for Trading and Markets Brett Redfirn is convinced that the crypto industry is in its infancy and still resembles the Wild West. Also Redfirn singled out a number of topical, in his opinion, problems of this market. Among them, fraud, market manipulation, theft, cybersecurity, as well as the financing of terrorism and money laundering.
According to him, the Commission does not seek to stifle innovation, but the SEC's duty is to protect the rights of investors. Redfirn also said that his agency is now "very busy" studying a lot of recent ICOs.

Do not you think that under the pretext of protecting investors they just want to protect the interests of the current monetary system, thereby regulating the world of crypto currency? I think that they are afraid of crypto-currency and want to have control over them ...

[Xester]

I guess they are very serious about their claim. If you notice there are too many ICO's popping up like mushrooms and among them are fake and scam ICO's and other are unsuccessful ICO's made by people who have no physical project an without enough budget. Many ICO's have disappeared like balloons without a trace and I guess its time to regulate these ICO's since many have been already a victim to those.

[russaa8]

I guess they are very serious about their claim. If you notice there are too many ICO's popping up like mushrooms and among them are fake and scam ICO's and other are unsuccessful ICO's made by people who have no physical project an without enough budget. Many ICO's have disappeared like balloons without a trace and I guess its time to regulate these ICO's since many have been already a victim to those.

Fraud is always and everywhere. And this is not crypto or fiat. Now there are a lot of newcomers to cryptomirov, and they tend to become victims of scammers. But I do not think that prohibition or excessive regulation can benefit the development of cryptomir. Under such good intentions as the protection of investors, the fight against the terrors can be based on a fight against the crypt in favor of the current banking system ... Perhaps I'm wrong, but more often I am visited by such thoughts ...

[Road445]

Actually I always think that this is a good thing, because the whole is too chaotic encryption monetary market, so I need a certain regulation, in my opinion, we do need certain regulation, if do not have regulation, so the market is too much cheating.

[1Referee]

If this market wants to be taken seriously by professional investors, then stock market principles are indeed needed, and I can't wait for it to happen. I like how free this market still is in today's world, but we can't just keep endlessly dragging on like that. It scares off potential investors, and we also have to acknowledge another problem, and that's the severe lack of on-exchange liquidity. You have to keep moving forward, and while the adoption is consistently picking up, the ecosystem isn't catching up fast enough, and that needs to change. We want crypto to compete with traditional assets, but what's all that worth when our ecosystem in its entirity doesn't reflect that. It's time to grow and to accept the regulatory requirements, period.

[russaa8]

If this market wants to be taken seriously by professional investors, then stock market principles are indeed needed, and I can't wait for it to happen. I like how free this market still is in today's world, but we can't just keep endlessly dragging on like that. It scares off potential investors, and we also have to acknowledge another problem, and that's the severe lack of on-exchange liquidity. You have to keep moving forward, and while the adoption is consistently picking up, the ecosystem isn't catching up fast enough, and that needs to change. We want crypto to compete with traditional assets, but what's all that worth when our ecosystem in its entirity doesn't reflect that. It's time to grow and to accept the regulatory requirements, period.

Perhaps you are right, and it will do good, the inflow of new capital. But the main thing is that the regulation would not be extremely large, otherwise it could do much harm.

[ylnar123]

I guess they are very serious about their claim. If you notice there are too many ICO's popping up like mushrooms and among them are fake and scam ICO's and other are unsuccessful ICO's made by people who have no physical project an without enough budget. Many ICO's have disappeared like balloons without a trace and I guess its time to regulate these ICO's since many have been already a victim to those.

ICOs really is prone to abuse. Since there is an easy way to create a token and using a smart contract is one of which. I also agree I n your thought that crypto currency need to he regulated to avoid fraudulent and scams.

[zahirjan]

may be its work stock market

[Tooevilforyou]

This could be good for the cryptocurrency market since it's so volatile and it can easily be manipulated by people. Just a few who have high amount of coins, regulations will end insider trading

[Rommel24]

If stock market flows of this principle implemented ,i  think is not a bad idea as long as they are work properly, because as of now they are more scam and fake stablishment ,that yet to be uncovered and caused by moral hazard, in that the law has possible solution of this problem ,however the bad reputation has begin when people started to accept the bitcoin as digital currency ,,but not only used in terrorist,,

[Paecga129]

We really do need principles and regulations in this market. For a market this young and volatile it is very susceptible to insider trading and market manipulation. Principles and regulations will help take the power off the hands of a few people who can sway the market at will in their favor just because the own a large number of coins.

[aoluain]

I think that principals of some sort are needed for crypto stock markets/exchanges.
There are claims of various suspect transactions from nearly all exchanges, rightly
or wrongly i dont know but it casts a shadow. Its the same with ICO's so "principals'
really means regulation, and do we welcome that?

[indefinite1]

I think ico should now invest in its current Marinecoin. Why do I have to insist that Marinecoin should invest? Just because Marinecoin already owns the blockchain since 2013 (you can see the Marinecoin block at http://marineco.in), it has risen to the top of the coinmarketcap. And the marinecoin community is growing, we all see it! It is time for the marinecoin - a green giant wakes up in the coin type first. Marinecoin is currently a participant of 20,000 mtc for http://marineco.in. Or you can use 3 types of coin trading Marinecoin transactions on f1cx.com, such as Doge, LTC, BTC. machine to machine payment ,join the community it’s artificial intelligence and dev-less mlow transaction value

[Dluretic]

I still think this is good news because there is a lack of regulation in the whole market, so it would be a good thing if there is some regulation for the whole cryptocurrency market.

[indefinite1]

Regulations or principles?  Decentralization is the key here  as a governing body is pushed out of the system.  As soon as we start regulating we also start creating the governing "body".  Without any regulations though, as we all observed a single person/event can change the way markets behave in seconds. One cannot simply set set of principles and expect everybody to follow flawlessly. A positive/negative encouragement is necessary to make sure everyone plays the same game with the same rules. Yes, I think regulation is needed in this sense.

[pimacoin]

I dont think blockchain needs such principle.

[renes]

Regulation and principle are different things, I think SEC tries to regulate crypto trading markets, it will be very good for all of us because institutional investors like soros fund will be in

[dothebeats]

It's about time, considering that market manipulation on cryptos is like the norms of today, and if people are really serious in getting this thing to the next level, they should realize that bitcoin--and cryptocurrencies in general--should mature. Regulations IMO are not as bad as what other people portray them to be. If the right regulations were placed in a given market, it will flourish and attract more people into it.

[Dluretic]

I hope the SEC can take some loose policy on the whole market.
Because it is an emerging market, it requires more reasonable regulation.

[Bachelorrd]

It's about time, considering that market manipulation on cryptos is like the norms of today, and if people are really serious in getting this thing to the next level, they should realize that bitcoin--and cryptocurrencies in general--should mature. Regulations IMO are not as bad as what other people portray them to be. If the right regulations were placed in a given market, it will flourish and attract more people into it.

They're too afraid about the regulations that it might remove what was the purpose of BTC to give anonymity. But in reality all of the actions from the government was I think to protect the people. As you said, this regulations is needed for the cryptocurrency to level-up.