The right level of regulation can go hand-in-hand with and help new technologies like cryptocurrency, Kelly Loeffler, the chief executive officer (CEO) of forthcoming US cryptocurrency exchange Bakkt, said on Wednesday. Loeffler was one of the speakers during the first day of Fintech Forward 2018, the annual Commodity Futures Trading Commission (CFTC)’s conference that focuses on the challenges and opportunities of new technology including blockchain and virtual coins.
Regulators and crypto companies can work together to provide a safe ecosystem for investors like in the energy sector in 2002-2003, a move that led to security and growth in this market, Loeffler said. CFTC and Securities and Exchange Commission (SEC) should focus on bringing more clarity and end regulatory arbitrage in the virtual coin industry, the exchange boss added.
“We all can acknowledge [attendees in the conference] that with regulation, markets can safely innovate and flourish,”Loeffler said.
This article appeared first on Cryptovest
