HomeDIGITAL ASSETS REGULATORYbis_asset_updateMedia Briefing for BIS Quarterly Review - September 2018

Media Briefing for BIS Quarterly Review – September 2018

The pronouncements that classify cryptocurrencies as securities have a significant negative effect on the cryptocurrency industry. This is because when cryptocurrencies are considered securities, they become subject to regulations and requirements that can hinder their growth and adoption. These regulations often involve strict compliance measures, such as registration with regulatory bodies and reporting obligations, which can be burdensome for cryptocurrency issuers and exchanges. Additionally, securities laws may limit the ability of retail investors to participate in cryptocurrency markets, potentially limiting liquidity and market efficiency. Overall, the classification of cryptocurrencies as securities can impede innovation and hinder the development of the cryptocurrency ecosystem.

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