5 ms·
Self regulation is what FINRA and exchange membership do in the securities markets. CFTC regulates commodities which is a better fit for something like Bitcoin.
by wbl 4y ago
Self regulation is what FINRA and exchange membership do in the securities markets. CFTC regulates commodities which is a better fit for something like Bitcoin.
- tcbawo 4y agoSelf regulation (like FINRA) only works when parties are incorporated within a US jurisdiction and expulsion means getting locked out of a large market. How many cryptocurrency entities does that apply to? Of course, providing a stable and consistent set of rules and reasonable judicial process is what makes Delaware the best state for incorporation. Something like that in the US might bring more parties to the table.
- bradwood 4y agoWyoming...