With uncertainty as to how each major country plans to handle cryptocurrency, regulatory concerns remain as the unquestioned impediment to investors and traders across the space. Ultimately, regulations should not frighten, nor dissuade, investors, traders, and enthusiasts. Regulations provide the necessary securities consumers need in all spaces, so when a country enacts regulations, not bans, give praise, as these measures are to prevent fraud and manipulation - key features to bolstering your financial security and well-being.
Today, during the Munich Security Conference in Germany, Rob Joyce, the Whitehouse cybersecurity coordinator, said: “There is a long way to go before the U.S. government starts regulating Bitcoin.”
Joyce extended the discussion by admitting the importance and complexity of cryptocurrency, stating that with such potential value and intricacies, the U.S. must meticulously study all cryptocurrencies so that proper, effective regulations are in place. Rushing any such actions, therefore, would be a disservice to the community. That aside, despite the apparent benefits of digital currencies, Joyce still fears the malevolence in the space, which is why he values a thoughtful, careful scheme responsible for regulatory implementation.
In sum, we are, naturally, bullish on this news as it pertains to positive regulatory action. The U.S., from the Senate Hearing on virtual currencies to this announcement, is, in our opinion, supportive of this space, not tempting any idea of a ban, which is highly important to the development of the market, our mission, and your educational advancement. 🚀