RE: SEC bear comes at Crypto

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SEC bear comes at Crypto

in bitcoin •  7 years ago  (edited)

Where do you get over a year or 2 for eu regs. USA an EU eqioty narkets and regulatory bodies are very tight - i anticipate swift and fast regs from major govt institutions. Especially with Goldman sachs planning a coin.

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  ·  7 years ago (edited)

EU regulators are very busy with privacy policies(GDPR) and giving fines to big industry players (f.x. Google). Crypto is booming in EU also, but not that much that it would get regulators into the picture. I believe there won't be anything from regulators in EU this year. You have other sources?

They can move a lot faster than 2 years, and they will. Why continue to allow Crypto exchanges and all of these ICO's to be totally wild west. People are going to get burned. The SEC decision was consumer protection - limiting the # of ponzi schemes people can buy it good in by books.

@satchmo - I did some digging and the only paper mentioning Bitcoin, distributed ledger on EU regulators. The latest one I found was from 2016-06 which states that more research is needed, and then nothing. So give me your arguments that regulations are coming.

Report link: https://www.esma.europa.eu/press-news/consultations/consultation-distributed-ledger-technology-applied-securities-markets#TODO

Lol the sec is starting. Cftc approved a firm. Its piterally happenibg in usa. Sec paves thw way. Thanks for the kessage