Career politicians in the ever business hostile West want
to protect you:
Enough
‘Feeble Warnings’, Regulate ‘Wild West’ Crypto Market: UK Lawmakers
This is the conclusion following a formal inquiry launched by the UK’s Treasury Select Committee, a powerful group of cross-party MPs, into cryptocurrencies: “The introduction of regulation should be treated as a matter of urgency”.
This is the conclusion following a formal inquiry launched by the UK’s Treasury Select Committee, a powerful group of cross-party MPs, into cryptocurrencies: “The introduction of regulation should be treated as a matter of urgency”.
Hmmm...
On the other side
of the world, to where the future global financial centre will no doubt shift, seem
to see this development as an opportunity to steal what lunch is left on the
West’s table:
The
Monetary Authority of Singapore (MAS)… believes that no tokens it has seen need
to be regulated under its securities laws… regulators like the U.S.
Securities and Exchange Commission… can be expected to come to a different
conclusion.
This
is a trend
that is emerging globally where all the Western governments are choking
to
death business vitality (FATCA/MIFID/GDPR/AML, etc) whilst the East
watches this self-immolation with glee…
Singapore is the prime jurisdiction to benefit, and this is another
reason why we like it for property investing; sorry but HK is not longer
such a nimble winner in this
game, because it is ruled by career civil servants who are no better
than the
politicians in the West.
How sad but how inevitable!
