Why US regulation is failing the cryptocurrency test
Why US regulation is failing the cryptocurrency test Gary Silverman Share The US is a funny country. We have so many financial regulators that we sometimes wind up without proper financial regulation. Cryptocurrencies represent the latest example. The trade in bitcoin and its brethren has grown too big to be ignored – and yet that is what has happened. No official public data exist on prices, volume or volatility. No single authority regulates crypto exchanges. No one can be certain investors are being properly protected. US regulators view bitcoin as a commodity, but other cryptocurrencies...
Source: afr.com