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[2019-08-14] Regulating Crypto Exchanges: Mind The Gaps
by
FreeEarnsActivist
on 16/08/2019, 07:40:53 UTC
⭐ Merited by TheWolf666 (1) ,malevolent (1)
Coinfirm - recently published (the full report is available here -> https://coinfirm-prod.objects.frb.io/assets/Coinfirm_Exchange_Report_March_2019_Public.pdf) the results of a survey that showed only 14 percent of 216 global cryptocurrency exchanges are licensed by regulators.  The low coverage may not surprise anyone when considering the frequency of thefts, frauds and market manipulations that crypto exchanges in many jurisdictions disclose publicly. 


Source: https://coinfirm-prod.objects.frb.io/assets/Coinfirm_Exchange_Report_March_2019_Public.pdf

The statistic partly reflects the fact that regulators and supervisory bodies around the world are still getting to grips with how to regulate cryptocurrencies (assets) and associated financial intermediaries.  They face a number of challenges in their task:

-> Leveraging financial innovation while mitigating risks

-> Status of cryptocurrencies unclear

-> Fragmentation of U.S. regulatory system

-> Financial technology innovation

Do you think that more exchanges will implement regulations to be safer?

Full article you can find here

-> https://www.forbes.com/sites/gideonpell/2019/08/14/regulating-crypto-exchanges-mind-the-gaps/


Coinfirm AMLT also rewards cryptocurrency community for reporting dangerous addresses

-> https://amlt.coinfirm.com/


The latest exchange to integrate AMLT token is Shortex, you can get AMLT on Shortex here

-> https://api.shortex.net/trading/amlteth