Many cryptocurrency coins and exchanges are already regulated. Regulations vary by state and country and there is no uniform regulation of cryptocurrency. You can be sure that they will become even more regulated as they become more widely used. Some existing regulations consist of an outright ban on usage of cryptocurrency in a few countries, but this is rare. As an aside, some people consider regulation to be a good thing because a cryptocurrency market that is effectively regulated (and not strangled). Regulation could translate into the following positive outcomes for cryptocurrencies:
- A decrease in price volatility.
- A decrease in cryptocurrency fraud.
- An increase in consumer and institution usage.
- An increase in the price of cryptocurrency.
Category:
Regulations
0
0
Leave a Reply
You must be logged in to post a comment.