QOTD -- Cryptocurrency Regulation

German financial regulators taking action consistent with a trend we have been seeing for over the last year in the cryptocurrency regulation arena:

.This action illustrates yet another concrete cross-border policy convergence among securities regulators. Even when rhetoric suggests differences in tone and focus, the bottom line is that the SEC, German regulators, and other financial regulators start from the proposition that trading in cryptocurrencies is exactly the same as trading in any other asset class....and therefore is subject to registration and other regulatory requirements if no exemption is available.


This development was captured by BCMstrategy, Inc.'s patented policy risk measurement platform. If you would like more information on how the platform can help you turn down the noise of the news cycle to spot important policy developments, please contact us today. If you would like to join our free and open Slack channels where we share periodic policy insights powered by our patented platform, please reach out to us for an invitation to the BCMstrategy, Inc. workspace on Slack.