The World Financial Discussion board has revealed a white paper on the regulation of crypto property, assisted by its Digital Forex Governance Consortium. The necessity for regulation is pressing and cooperation is important, in line with the doc.
World coordination is required for the regulation of crypto property to keep away from ambiguity, regulatory arbitrage and inconsistent enforcement, in line with the doc. The authors recognized a spread of challenges to the regulation of crypto property, together with the “similar enterprise, similar regulation” presumption, stating:
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