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