Published on June 14th, 2018 | by bitcoin0
International Monitoring for Introduction of Binding Regulations for Cryptocaroon Transactions
Reuters reports that the Paris-based agency – comprised of 37 countries – will meet with both the Gulf Cooperation Council and the European Commission in an attempt to establish legally binding regulations governing cryptocurrency exchanges.
Yet, due to their non-binding nature, 68% of cryptocurrency exchanges fail to comply with the KYC requirements.
The agencies will also discuss the guidelines’ application to newly founded cryptocurrency exchanges as well as how to work with countries that have already banned cryptocurrency trading.
Do you think binding regulations will improve the performance of cryptocurrency exchanges and enhance security?
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