Mark Mason
Well-known member
U.S. Think Tank, AEI, Argues for Self-Regulation of Cryptocurrencies
The U.S.-based political think tank, American Enterprise Institute, recently published an essay arguing for the self-regulation of the cryptocurrency industry and said that government regulation should only be used as a last resort.
Broynwyn Howell, author of the essay, started off by mentioning how it is understandable for governments that see the price volatility and technical complexity of cryptocurrencies to have an initial reaction to regulate cryptocurrencies. However, he quickly points out that bad regulation could spell bigger issues and that governments should learn more about the industry first. He points to the emergence of the early financial shares market in the 18th century and bank-issued currencies in the 19th century as evidence for how self-regulation in various industries can function to benefit consumers.
Read more: https://www.dashforcenews.com/u-s-think-tank-aei-argues-for-self-regulation-of-cryptocurrencies/
The U.S.-based political think tank, American Enterprise Institute, recently published an essay arguing for the self-regulation of the cryptocurrency industry and said that government regulation should only be used as a last resort.
Broynwyn Howell, author of the essay, started off by mentioning how it is understandable for governments that see the price volatility and technical complexity of cryptocurrencies to have an initial reaction to regulate cryptocurrencies. However, he quickly points out that bad regulation could spell bigger issues and that governments should learn more about the industry first. He points to the emergence of the early financial shares market in the 18th century and bank-issued currencies in the 19th century as evidence for how self-regulation in various industries can function to benefit consumers.
Read more: https://www.dashforcenews.com/u-s-think-tank-aei-argues-for-self-regulation-of-cryptocurrencies/