Regulators Are 'Spending Too Much Time' On Cryptocurrency: OCC's Hsu

[coingabbarmarket]

Acting Comptroller of the Currency (OCC) Michael Hsu of the United States has voiced concerns that authorities are focusing too much on cryptocurrency rather than other crucial challenges such as technology and banking.

The crypto-skeptic OCC chairman made the remarks in an interview with a local media outlet on Oct. 13, expressing concern that crypto is taking up a lot of brain space for a lot of individuals in the regulatory world.



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[Senin]

I think that this is not true. States have not yet developed a unified approach to the regulation of cryptocurrency and have not even decided on its place in the global financial system of society. In many states, the cryptocurrency continues to be in the so-called "gray zone", when the cryptocurrency continues to exist outside the legal field of the state. There is talk about cryptocurrencies, but more often than not, everything ends at the level of disputes.