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Cryptopolitan
2020-02-19 00:00:52

Bloomberg on crypto regulations: Clarity is much needed

Cryptocurrency is a booming subject and the United States presidential candidates take a hit on it, this time it’s Michael Bloomberg on crypto regulations in the country. The presidential contender, Michael Bloomberg, in his new financial reform plan, has come up with the idea of putting together a defined regulatory framework for cryptocurrencies that will ensure better consumer protection conditions and powerful financial organization. Jist of Bloomberg on crypto regulations proposal This proposal has been designed to monitor the extent of risk, record all financial transactions, and provide a controlling body for cryptocurrencies. Even as cryptocurrencies continue to gain popularity

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