Currently, the world’s governments are trying to find a way to regulate cryptocurrency in their respective countries. Various warnings have been issued by financial bodies in recent months, and tensions are growing steadily.
Though, in the mind of the CEO of the Financial Market Supervisory Authority, Switzerland’s main monetary regulating body, a lot more could be accomplished.
Urban Angehrn advises his colleagues to take better responsibility for the cryptocurrency sphere and to consider more potential ways to sort through large pools of data in hopes of protecting users from scams and fraudulent activities.
Even after the digital currency market plummets, various crypto enthusiasts are dead set on making it a mainstay in many countries’ financial systems.