Hong Kong brings law to lawless crypto. Others can, too: Andy Mukherjee
The Asian financial center’s roadmap — an updated version was published last month — could serve as a blueprint for the US Securities and Exchange Commission, currently consulting the public to develop a “workable regulatory framework” for digital coins.
It’s time to stop the pointless fight between regulators and the industry about which virtual assets are securities, and which aren’t. To build the public’s trust in what is already a $70 trillion annual market for tokens changing hands, it’s simply more practical to hold up the firms dealing in them to the same standards as their much older cousins from the world of regular banking, broking and investment management.
It’s time to stop the pointless fight between regulators and the industry about which virtual assets are securities, and which aren’t. To build the public’s trust in what is already a $70 trillion annual market for tokens changing hands, it’s simply more practical to hold up the firms dealing in them to the same standards as their much older cousins from the world of regular banking, broking and investment management.
Reliability of traditional finance, combined with the…
