Chief Policy Officer Coinbase faryarshirzad joined CoinDesk TV’s “First Mover,” to discuss the need for clear crypto regulation. _franvela reports
oversees
commodities futures, such as oil and metal, including financial currencies, and has taken on a prominent role in crypto. In part that’s because some exchanges, such as the CME, offer bitcoin and Ether trading options. The SEC on the other hand, isRead more:Shirzad said there is “little dispute about the importance of having regulation,” both from progressive and conservative lawmakers, but the issue of which U.S.
Still, Shirzad says it is apparent that “commodities should be regulated by the national commodities regulator, which is the CFTC.” What’s left is transparent regulatory standards. “Some amount of regulation makes sense for the parts of the crypto economy that need regulation,” Shirzad said. “The thing that members of Congress are most focused on is regulating crypto intermediaries.” Crypto intermediaries, like Coinbase, that take in the public’s money and work as the middleman to delegate market activity, fall under that purview.
“If any particular regulator thinks any particular token is one thing, the degree to which we can have clarity on that allows us to operate under clearer guidelines and allows us to do what we need to do,” Shirzad said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto Exchange Coinbase Secures Registration From Netherlands' Central Bank.Coinbase has registered with the DNB_NL, allowing it to offer crypto products to consumers and businesses in the Netherlands. By JamieCrawleyCD
Read more »
Coinbase tested an internal crypto trading desk last year: WSJExchange giant Coinbase tried to establish an internal crypto trading desk last year, the Wall Street Journal reports.
Read more »
Coinbase Completed $100M Transaction to Test Proprietary Trading: Report.Coinbase completed a $100 million transaction to test its proprietary trading efforts earlier this year, according to a report. By JamieCrawleyCD
Read more »