What’s the best way to create sensible regulatory solutions for the crypto space? Give developers a voice in the debate.
) as a commodity but that many other “crypto financial assets have the key attributes of a security.”penned for The Wall Street Journal, arguing that “you could replace ‘crypto’ with any other asset” when talking about the regulation of securities.
That means there needs to be an open and free dialogue between regulators and developers. “Developers need to become familiar with Know Your Customer best practices, vendors that are available, and how those KYC services are integrated, and how they need to manage user roles [and] capabilities,” said Simon Grunfeld, vice president of Web3 at Cogni.
One counter is that a household is too small to constitute a common enterprise.
However, even then, both users and owners must be cautious. “I see no path for U.S. regulators to come after a individual for gaming on an illegal site unless that individual is using that site for money laundering or other illicit activities involving other U.S.-domiciled individuals,” Grunfeld said.“Otherwise, the individual assumes the risk of depositing funds,” he added. “In many cases, these platforms may trick people that they are subject to U.S. regulation.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
6 Signs You’re Grinding Your Teeth At Night (And What To Do About It)Beyond toothaches, there are other common red flags that you're dealing with nighttime teeth grinding.
Weiterlesen »
Ripple's General Counsel Says SEC Leaves Consumers Holding the BagStu Alderoty, general counsel at Ripple, claims that the SEC wants to become the crypto cop instead of bringing regulatory clarity
Weiterlesen »
Google is trying out ‘pre-bunking’ to counter misinformationVideos featuring cartoons raised people’s awareness about common misinformation tactics for a short time, researchers found.
Weiterlesen »
3 Minute Tips: How to Cryptocurrency Spot Bear Market Winners | CoinMarketCapIn the midst of the bear market, one question prevails — where should you deploy your capital in crypto? Here's a guide to finding winners.
Weiterlesen »
Harris County Constable deputy's family speaks out after he was gunned down on SundayDeputy Ursin's parents speak to honor him as investigators work hard to find his killer.
Weiterlesen »
The number of crypto billionaires is growing fast, here’s whyAs Bitcoin continues to grow in value and crypto companies become widely accepted, leading to the rise of crypto billionaires.
Weiterlesen »