NEW YORK (AFP) – After years on the sidelines, financial regulators in the United States (US) are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas. Earlier this month, Wall Street’s regulator, the Securities and Exchange Commission (SEC), pressed a raft of charges against Binance, the world’s […]
After years on the sidelines, financial regulators in the United States are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas.
US clampdown has crypto kings looking abroad theaustralian.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theaustralian.com.au Daily Mail and Mail on Sunday newspapers.
The United States financial regulators have stepped up pressure against cryptocurrency companies, with the Securities and Exchange Commission (SEC) charging Binance and Coinbase for selling unregistered securities and failing to register as brokers. Crypto defenders argue that regulations do not fit the likes of Bitcoin or Ethereum and cause uncertainty and confusion. Crypto companies have been caught between "a turf war" as they wish for clear regulation, but political gridlock has stalled any progress. The clampdown could lead to crypto-based companies having to move to more receptive jurisdictions. In March, the White House called cryptocurrencies "too risky" and not an effective alternative to fiat currency.
US clampdown has crypto kings looking abroad - The Online Citizen Asia theonlinecitizen.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theonlinecitizen.com Daily Mail and Mail on Sunday newspapers.