The Bahamas PM support crypto regulations

Lens1000

VIP Contributor
The cryptocurrency regulation is actually taking the space in the cryptocurrency and that is what everybody is supporting at present, they believed that if cryptocurrency is regulated, it will be accepted by more people because the critics actually criticizes this medium of investment because it is decentralized and if it is regulated it will look like more of a centralised platform and it will restore confidence on the critics. There are so many countries and institutions that wants to adopt crytpocurrency but because it is not regulated they tend to leave it and so many countries are planning to adopt it, provided it is regulated .

Recently, in the news was the prime minister of Bahamas Philip David stated that cryptocurrency would be regulated in Bahamas and as such it will be accepted by most of the people. He stressed that the crypto operating companies would have to abide by the cryptocurrency regulations that will be slated in the country for them to operate. It is now very normal for the cryptocurrency services offering companies in the country to follow the rules of crytpo regulations. Cryptocurrency regulation is what every country is adopting at present, so as to enable the system to be regularised.
 
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