The Currency Analytics
By Maheen Hernandez
Lawmakers well know that there are very few tech companies who have too much power. And, needless to say, it is important to regulate the Big Techies.
Regulation will not kill innovation. Regulation is not supposed to scare away big titans like Facebook or the small community of investors like those who have invested in TCAT…
It takes strong enforcement powers to prevent harms and to ensure that cryptocurrency companies show a duty of care towards their investors.
Regulators should not be worse enough to scare away innovations; rather they need to be good enough to prevent the worse abuses.
Mark Zuckerberg recently urged the government and other regulators to regulate companies like Facebook and others in the online internet sector in four major areas.
Regardless of whether Facebook would like it or not, regulators are already into the cryptocurrency space.
Self-regulation is not going to work. It is not practical for companies in business to promise ethical practices and one might not know whether the next one will stick to the…
It is only an external regulatory body with sufficient enforcement prowess, who will be able to get the regulation part right.
While several governments have introduced crypto regulations, US seems to provide a strong ground for the crypto companies.
Poloniex, the oldest of the cryptocurrency exchange stated that they would be cutting down on a few of their operations to work in compliance with the US regulations.