Bitcoin should be regulated like gold – major crypto exchange

Trading of bitcoin and other digital currencies should be regulated in a similar way to gold, which commonly benefits from simpler compliance rules than stocks or bonds, according to Austria’s biggest crypto-broker Bitpanda.

According to the Vienna-based exchange, all transactions over €10,000 ($12,300) processed in the European Union should be subject to anti-money laundering regulation. Tougher financial rules might stunt the emerging market for virtual cash.

“Regulation provides us with more legitimacy. We’ve wanted to be regulated, but so far have been told that we cannot be,”Eric Demuth, the co-chief executive officer of one of Europe’s most popular cryptocurrency trading platforms, told Bloomberg.


Author: Rayan M

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