Fiat Regulators have stepped up their fight against the Crypto world when smart people are positively moving forward .
In the US, the new challenge for regulators such as the SEC and CFTC, is to determine which of the over 1,500 types of these cryptocurrencies are securities and which ones are not. It is in this context that SEC has subpoenaed dozens of crytpocurrency companies, CrytpoFunds such as TechCrunch , considering that most of the tokens are securities and therefore "unlawful".
They say they act for the protection of the consumer, but since regulators in other countries have taken different approaches, it would definitely make more sense to focus on well defined disclosures instead of being blindly restrictive.
While those self-protection behaviours are taking place on a daily basis , the co founder of Bitmain sees further by standing on the shoulders of Giants! He announced on Wednesday his intention to invest in 20 to 30 startups to create Blockchain private Central Banks, all in a legal way.
Let's focus on this unique emerging economy, he said!