Are cryptocurrencies securities or commodities? The World Federation of Exchanges, or WFE, released a document talking cryptocurrency terminology and regulation last week. In conversation with Cointelegraph, WFE Head of Regulatory Affairs, Richard Metcalfe, has added further clarity on the subject.
“The WFE believes that, precisely because the market in crypto assets has evolved and expanded rapidly, existing regulation should apply wherever appropriate, in a universal and clearly understood manner and based on key principles,” Metcalfe told Cointelegraph in an email.