So we can all pretty much see the headlines about how the US government starting to look at crypto regulations. From the SEC, to the IRS or even US Treasury Department, everybody wants to have a say on digital currencies.
But how is the rest of the world reacting to this new and disruptive technology…
Well, judging from recent headlines, they’re not standing pat. In Israel, the Israeli Securities Authority, their version of the SEC, just announced “recommendations designed to dispel uncertainty and strike a balance between technological innovation and the protection of the investors”. They acknowledged that cryptocurrencies by nature are intended to be used as a form of payment that do not confer additional rights to holders. This is great news. Seeing a government take a forward thinking approach to new technology instead of holding it to incredibly vague and antiquated definitions of what a exactly a security is.
In China, despite the ban, people are finding ways to continue investing in ICOs and other cryptos. While in the US, students are using financial aid to buy cryptocurrency. Europe is the place that many companies are looking to as a haven. The largest alt-coin exchange int he world, Binance, recently announced it was moving its headquarters to Malta. Now, a Dutch court ruled that Bitcoin was “transferable value”, much like any currency.
you could say Crypto is Coming!