Bermuda has adopted cryptocurrency regulatory framework

[Lens1000]

The regulatory scrutiny that is ongoing in major part of the world on cryptocurrency as again spread to another country that is called Bermuda. This country is one of the countries that has one of the best regulatory framework in place.

The minister of economy and labor in Bermuda,Jason Hayward explained that the regulatory framework that was put in place on cryptocurrency in the country would attract so many investors. The sure reason for the adoption of the cryptocurrency scrutiny is to attract major stakeholders in the cryptocurrency world into the country.

Most of the financial investors do not want to venture into cryptocurrency system because of its unregulated nature but due to these regulatory framework that was been put in place by so many countries, these financial experts arw now venturing into investing in cryptocurrency market. The major aim of the regulatory scrutiny is that their money would be save because it is regulated. The fear of most of the cryptocurrency expert is that this regulatory scrutiny could make the digital currency centralised.

The major concern of the stakeholders in the cryptocurrencies on regulatory scrutiny that is being put in place by most of the country is that it could make so many cryptocurrency lovers lose interest in crypto investment.,

 

[SpenserReed]

Interesting, but do you have specific details on how they plan to do it?

 

[uptrendfinancialsignal]

We must not dispute the fact that one of the best way to restore confidence in the minds of the crypto investors or financial investors is to ensure that the cryptocurrency space is regulated. If it is not regulated, it means that it is not a decentralized system and anybody can do anything at any time with your fund. The major reason why most of the countries have decided to regulate cryptocurrency is because they could be able to control it and it may go out of hand. It could go out of and if it is not regulated because so many criminals would hide under the umbrella of the cryptocurrency to perpetrate different illicit activities and they could use it to penetrate into different crypto investment that has huge funds in the account this is why it is very important to regulate cryptocurrency but you must was not also must also remember that regulation of the cryptocurrency would cause a lot of havoc because it will not give the people that are into crypto investment much more confidence because they will believe that the cryptocurrency has actually become the government control digital assets and this is what the people investors do not want.