Jeremy Allaire, the CEO of Circle, explained that crypto industry needs global regulation rules, during an interview in London.
“When it comes to token offerings, how should they be treated? Which token offerings are securities, which are not? The trading venues – are they like spot commodity markets that need to have rules in place around market manipulation?”
Allaire believes that token issuers should be included in the regulatory framework because now there are quite frequent cases of fraud among the ICO and token issuances.
This view is supported by many industry experts and leaders who claim that global regulation will be the next evolutionary step for crypto markets.
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