Andrew Yang proposes cryptocurrency regulation

The candidate for the presidency of the United States said in an interview that rules and guidelines for digital assets need to be applied

Andrew Yang, one of the candidates to the presidency of the United States, spoke about the regulation in the cryptocurrency market and implications.

“Right now, we are stuck with this uncertainty about the state of things and this is bad for everyone: for innovators who want to invest in this ecosystem and for the State that has no control over what is happening. My priority would be clear and transparent rules, so that everyone knows where to go in the future and that we can remain competitive”, explained the candidate.

Yang also indicated that the blockchain technology has a “very high potential”, so it should be good to invested in it.

The aforementioned does not mean that the candidate is against cryptocurrencies. He stressed they cannot be “discouraged or prohibited” by the regulators.

Yang’s statements are not surprising, since he had already written a bit about his plan to regulate the sector in order to promote development and provide security to investors.

K. Tovar

Source: Criptopasion

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