Eighty-eight percent of cryptocurrency exchanges polled actually want industry regulation and believe that this would be the solution to greater industry-wide threats.
This is the main finding of a survey done by the Lithuanian crypto-friendly payments company Mistertango among 24 crypto exchanges across Europe, Asia, South America and Oceania with total daily trading volumes of over $100 million. The study looked at the industry’s feelings towards regulation, anonymity and the maturation of the market.
On the other hand, the survey found that 17% of the respondents believe that too strict regulation is the biggest threat to the industry and that lawmakers should be careful not to regulate the exchanges out of existence. According to a quarter of the participants in the poll, positive regulation is the way to go.
“Until now, the industry has not had its say on regulation,” said Oleksandr Lutskevych, CEO of the cryptocurrency exchange CEX.IO. It has been widely supposed that crypto companies want to avoid a regulated environment, but this is far from the truth. The industry is all too aware that regulation will lead to the maturity of the market and ensure that businesses remain free from suspicion of ...
This article appeared first on Cryptovest
