Former CFTC Chair Calls For More Cryptocurrency Regulations

The report dubbed “It’s time to strengthen the regulation of crypto-assets” addresses the purported need for better regulation on digital currencies, the illicit use of cryptocurrencies, as well as measures for reducing the risk of cyber attacks. Per the report, there is a gap in the regulation of crypto assets that contributes to fraud and weak investor protection, which is partly represented by the fact that traditional standards required for securities and derivatives market intermediaries are not applied to cryptocurrency trading platforms.

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