Are cryptocurrency property commodities? Are they securities? Should they be regulated by multiple regulator?
A key query regulators have to reply: Is there a degree at which a cryptocurrency asset turns into decentralized sufficient that it has transitioned from a safety to a commodity?
These are the sorts of questions swirling round a largely unregulated $2 trillion trade that sits astride the U.S. monetary market with none of the transparency or investor protections the remainder of the market enjoys. Being unregulated might need been wonderful for the cryptocurrency trade when it was a tiny sideshow, but it surely has grow to be too huge to disregard.