Global market regulators are likely to launch a joint body within the next year to better coordinate cryptocurrency regulations. This will help ensure that as the cryptocurrency industry continues to grow and mature, international standards for regulatory requirements can be observed. Two of the primary regulators involved in this initiative include US and Japan.
The US Commodity Futures Trading Commission Chairman Christopher Giancarlo said that “a thoughtful, coordinated, international approach is essential if we are going to address these issues and ensure that the dark side of crypto does not overtake the light.” He went on to say that these efforts would “foster a market environment that is fair and transparent and promotes the public interest.”
