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Learning & News => News related to Crypto => Topic started by: newshunter on June 26, 2022, 07:00:44 AM

Title: Hoskinson pitches software-enabled crypto self-regulation to Congress
Post by: newshunter on June 26, 2022, 07:00:44 AM

Hoskinson pitches software-enabled crypto self-regulation to Congress

Hoskinson feels regulations for the crypto industry should be defined better, but that compliance should come from the industry itself, not from regulatory authorities.

Source: Hoskinson pitches software-enabled crypto self-regulation to Congress (https://cointelegraph.com/news/hoskinson-pitches-software-enabled-crypto-self-regulation-to-congress)

Would appreciate your opinion about this

Title: Re: Hoskinson pitches software-enabled crypto self-regulation to Congress
Post by: Fenix on June 27, 2022, 07:06:44 AM

Well, in general, this is a good idea and its implementation can be very effective in the field of regulating the cryptocurrency market. After all, the state regulation of the cryptocurrency itself will still happen, but in this case it will be more acceptable. Hoskinson proposes that the government set the boundaries of regulation, and then crypto enthusiasts can write software to help implement this. This is much better than the rigid manual regulation of the cryptocurrency market by government officials, where there is bound to be a lot of abuse.