Regulation of cryptocurrency is coming soon as per OCC’s Brian Brooks Comptroller of the Currency:
As per the Friday report stated, New US regulations cryptocurrencies developed and will be rolled out by the Brook, acting as a current comptroller of cryptocurrency.
Brooks stated that they are very focused on getting this in the right way, they are very focused on not ruining this and it is also important that we develop the bitcoin networks and other cryptos as it is that we prevent money laundering and terrorism financing.
New regulation helps cryptocurrencies at major financial players added by Brooks. After the rumor tweets that after leaving Trump the White House in January crypto rules were being rushed.
The bitcoin trading has surpassed the record prices of $19000, the last highest prices were seen in 2017 November. The market is seen bullish and is expected to continuously rise. The market depends on the prices of the commodities money is spent on. Buying and selling of cryptocurrencies on the payment platform have been launched recently by PayPal, a payment platform. Crypto banking platform operator Ternio, CEO Daniel Gouldman told PYMNTS earlier this week that having PayPal on board will help crypto go mainstream.
The Stable Act, a protection measure for consumers I.e a bill introduced by Congress not prior approved by the government rolled out the stable order.
Brad Garlinghouse, CEO of Ripple said that he is going to settle his business somewhere else, but is waiting now to watch what the administration does to the crypto market.
To prevent fraud consumers are told to share their location data who use mobile and use debit or credit cards monthly at least. Consumer willingness to share location data with FIs was examined by a study to keep their accounts safe and secure. To see their interest in waiting banks that leverage geological tools.
Crypto Business World
CBW - External Analyst