Cryptocurrency: A challenge for regulators | IN 60 SECONDS

countries around the world are struggling with what to do about the cryptocurrencies some countries want to encourage them others want to control them and others want them to just go away one of the concerns wealth the UK worries about price volatility and criminal use US regulators are talking about fraud unregulated activities and price bubbles what appears to underline the push for regulation is a fear that cryptocurrencies cannot be easily controlled that they may have impacts that we can't foresee the fears are well-founded crypto currencies are really just lines to computer code that can be as variable as coders imaginations and those pieces of code are spread across computers around the world yet this is the future of digital markets people will be engaging in economic relationships that are varied and ever-changing this is a difficult future for government regulatory systems they're used to regulating things like bank accounts and stocks where specialized rules and organizations can be set up crypto currencies could disrupt this historical approach to regulation do you think cryptocurrency should be regulated if so how let us know your comments also let us know what other topics you'd like our scholars to cover in 60 seconds and be sure to LIKE and subscribe for more research and videos from AEI

11 thoughts on “Cryptocurrency: A challenge for regulators | IN 60 SECONDS”

  1. ************Paramayning is the key advantage of P.R.I.Z.M before the rest of cryptocurrency. In the basic mechanism of Forzhinga, developers was added a unique, linear-retrograde mechanism of determination of the award for storage of funds, aimed at economic attractiveness and gradual substitution of mass of all existing Financial instruments of the world

  2. so the government is afraid of price bubbles and frauds caused by crypto currency and therefor want to regulate it. let me ask: what effective regulations has any government put in place against old fashion bankers to prevent the very same?

  3. +American Enterprise Institute , Crypto Currencies are not currencies, they are an intrinsically valueless Veblen Commodity, who's only value is a speculative bubble that when popped can never resolve to it's intrinsic value because it does not have one, and instead a new speculative bubble forms. As soon as we recognize that that's what Crypto Currencies are, we can stop accepting them as currencies, but that's all. Unfortunately, as a veblen good, and a commodity, it will always be possible to exchange currency for it. The key is to prohibit it's direct use as a currency, and instead simply declare it a commodity and actively prohibit it's direct use as currency, meaning a business is prohibited from selling a product for crypto currency. The only way around this is to sell the crypto currency for an actual currency first, and then use that currency to buy a product. you can't buy something by using your stock options, you have to be able to extract currency from it in some way first. Currency is an intermediary unit of trade, but crypto is an item of trade.

  4. I think the bottom line is that it is a matter of national security and it's volatile​ marked makes for bad business. Any westernized country should be skeptical of it.

  5. I read in some bitcoin forms that once bitcoin generates 21 million coins then bitcoin can be easily regulated. However I am not sure that anyone knows what will happen at that point.

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