Governments Take Mixed Stance On Bitcoin and Altcoin Markets

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Governments around the world have been taking official stances on the cryptocurrency market, but so far it seems like each country has been trying to make its own rules. The United States regulatory agencies for the Commodities and Futures Trade Commission (CFTC) as well as the Securities Exchange Commission (SEC) both had positive things to say about blockchain technology and cryptocurrencies as a whole.

Meanwhile Hong Kong has put pressure on exchanges and ICOs to start delisting coins that they have deemed to be securities. So far all of the noted exchanges in Hong Kong have complied with the requests.

It seems that these world governments may try to tread more lightly on crypto, but we are definitely not in the clear. It unfortunately looks like even though we may be in a decentralized marketplace, there are some government agencies still trying to bring regulations upon us in one form or the other.

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