Frank Holmes: Regulations Remain Key for Cryptocurrencies
In a third quarter recap of the blockchain and cryptocurrency world, Investing News Network interviewed Frank Holmes to hear his thoughts on the progress of regulations in the industry.
In a third quarter recap of the blockchain and cryptocurrency world, Investing News Network interviewed Frank Holmes to hear his thoughts on the progress of regulations in the industry. Frank says that “crypto-assets can deliver significant benefits to the financial system and the broader economy,” but they do “raise issues with respect to consumer and investor protection, market integrity, tax evasion, money laundering and terrorist financing.” Global regulations were scheduled for release in mid-July, but were delayed until October. Once implemented, Frank believes these rules governing cryptocurrencies should be positive for the space and raise confidence in the sector.
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