Cardano Creator Charles Hoskinson Proposes Different Regulatory Enforcement Approach for Crypto

Cardano Creator Charles Hoskinson Proposes Different Regulatory Enforcement Approach for Crypto


Cardano (ADA) creator Charles Hoskinson says that the US needs a new system for regulating crypto.

In a new interview on Thinking Crypto, the CEO of the technology company behind the blockchain platform Cardano, Input Output Hong Kong (IOHK), says that current regulatory approaches do not work well with crypto assets.

“The US needs to move to a functional regulation system instead of a definitional system. We’ve moved beyond the world that something’s a commodity and something’s the currency and something’s a security.

Trending: Looney Bette Midler Wants Trump Arrested for ‘Trying to Kill’ Biden

It needs to be regulated based on how it’s used. You need a different regulatory system and that doesn’t really map so well in the US because, usually, what we do is we create a regulatory body for an asset type: the

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend