The CEO of investment application Circle has urged national regulators to develop coordinated legislation for the field of cryptocurrencies. The move follows the FATF decision to issue new rules regarding the regulations of digital currencies.
Circle’s Being Active
The CEO of Circle, Jeremy Allaire, has called for national regulators to coordinate their efforts towards regulating the cryptocurrency field. Speaking to Reuters, he said:
Ultimately there needs to be normalization at the G20 level of critical crypto-related regulatory matters.
The high-ranked executive also stressed on the importance for regulations governing initial coin offerings (ICOS):