While the calls for globally coordinated regulation for cryptocurrencies is a noble effort, the practicality of the situation is far from ideal.
The regulation of cryptocurrencies across the world is a constant battle for investors in a rapidly expanding and constantly changing ecosystem. Various regulatory agencies around the world view digital assets in a different light that vary significantly from one another.Recently, executive board member of the European Central Bank (ECB) Fabio Panetta mentioned in a written statement for a speech to Columbia University that regulators should follow a globally coordinated approach while regulating digital assets. He said that the world should have digital assets regulated by the Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) rules of the Financial Action Task Force. Panetta also spoke about strengthening public disclosure, reporting on regulatory compli
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