The price decline came as some details
emerged on cryptocurrency regulation in South Korea, where the government has been trying to limit excessive speculation.
Not exact matches
The trend of national monetary and governmental authorities calling for supranational meetings
on, and
regulation of,
cryptocurrencies could be a major
emerging trend at the start of 2018.
Despite calls for action from would - be regulators in Germany and France and Europol's recent claim that $ 5.5 billion is being laundered in Europe via
cryptocurrency, the European Commission still isn't ready to force
regulations on the
emerging market.
However, governments have decided to accommodate existing
regulations on the global
cryptocurrency market, which are already strict in regions like the US and Japan, and follow the regulatory roadmap of leading
cryptocurrency markets to facilitate the rapidly growing demand for the
emerging asset class.
During a joint hearing
on cryptocurrency Feb. 6, the CFTC's J. Christopher Giancarlo and the SEC's Jay Clayton refrained from heavy - handed rules, while resolving to keep a sharp eye
on emerging products and services to be sure they comply with existing US
regulations.