Ethereum Regulation Crackdown

The war on crypto continues as potential Ethereum regulation causes the coin to drop nearly 6% today according to cryptocurrency news.

Do you guys think its fair to treat cryptocurrencies as securities? With all this speculation about new regulations ... it's hard to encourage investors people to invest.

@mary moved.

Tighter ICO regulations and possible sell-offs drop Ether to new 2018 lows, but a bounce-back suggests demand remains.

Regulatory crackdown is likely to slow virtual currency sales and even makes initial coin offerings difficult but in so many ways it is part of the overall maturing of the crypto asset class.

The dramatic drop in its price has been largely blamed on some countries starting to implement regulation on digital currencies.

@mary said in Ethereum Regulation Crackdown:

The war on crypto continues as potential Ethereum regulation causes the coin to drop nearly 6% today according to cryptocurrency news.

Government bodies have been dancing around the concept of whether cryptocurrencies are securities or commodities for quite some time now. The US Securities and Exchange Commission (SEC) has long been adamant that cryptocurrencies are securities and therefore require regulations. The SEC released a statement at the beginning of March labelling cryptocurrencies as securities and informing all crypto exchanges that they would need to register with the SEC for proper regulation.