Crypto's WILD WEST will be tamed (Click to find out what's happening)
Hello gang!!! Hope everyone is having a great middle week, there is some interesting news regarding the crypto world that I wanted to share to you all, it seems the EU is making things more tight in the regulations department and that is good, let me explain why...
**Informational Purposes**It seems the European Securities and Markets Authority (ESMA) will be keeping a close eye on the big crypto players out there, the 27 country bloc will be giving crypto firms their licenses by national regulators. ESMA will regulate the data as a document stated this week. “Data should be available with daily frequency and include access to order books where to see spreads and liquidity across exchanges and trading pairs (in fiat and crypto),”. This will give them information on who is the sender and who will receive the crypto, making sure the big guns dont abuse the market, build up positions to undermine the orderly markets.
These regulations are good for crypto because situations like rug pulls, ponzi schemes, scams with crypto wont happen or at least be prosecuted. Regulation doesnt mean a bad thing or that the government will have control over crypto, crypto will remain a DeFi, rules will just help people not loosing all their life savings to some idiot scammer. Its not the wild west you know?..Yehaa partners!
**Informational Purposes**By Huw Jones
Source:
What do you guys think?? should the crypto market big guns be watched? or should it be a wild west, to each his own market??
Be well my friends and stay safe,
Your friendly cryptor, AndyHuerta.
