• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance 0

Go Regulate Yourself

By Kurt Osterberg · On April 17, 2018

So how do you regulate a new market that is decentral in nature? 

Best Answer: Let them regulate themselves

It may sound surprising but the world’s two most crypto friendly nations are going this way. Very recently both Japan and South Korea have announced the formation of a self-regulatory program for crypto exchanges.

The idea is that those with hands-on experience in the blockchain industry will be able to do as good a job at setting and enforcing guidelines than any government body, if not better. The notion has also been championed by the CFTC in the United States, and by CryptoUk in the United Kingdom.

Depending on the circumstances, self-regulation doesn’t always work out. India had formed the DABFI crypto self-regulatory body back in February 2017. Yet now, after a sweeping crackdown from India’s central bank, crypto exchanges in India are fighting for their right to exist and many will likely relocate.

The pressure is now high for Japan and South Korea to deliver quick and comprehensive results that demonstrate their ability to service themselves in a satisfactory way.

Today’s Highlights

  • China Figures
  • US-Japan Meeting
  • Crypto Divergence
  • Traditional Markets

    With the airstrikes in Syria now seemingly behind us, the geopolitical outlook is looking somewhat more stable as many believe the Western response to Assad’s chemical weapons is now complete. 

    Stock markets in the United States rose yesterday as tensions eased. However, markets do seem to be under pressure in Asia this morning despite some rather picture perfect numbers from China.

    The Chinese government seemed to get exactly what they were looking for as GDP growth came in at 6.8%, exactly as anticipated. When the headline figures are this great, many are looking to alternative figures like industrial production, which did not quite meet its quota.

    Print Friendly, PDF & Email

    Share Tweet

    Kurt Osterberg

    You Might Also Like

    • Finance

      Breaking Down Barriers — How Traditional Company Divisions Are a Thing of the Past

    • Finance

      Why Hiring Remote Developers Makes All The More Sense in 2021?

    • Finance

      Awesome Online Course Ideas For 2021 & How They Work

    No Comments

    Leave a reply Cancel reply

    Top Finance

    • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce
    • Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals Shark Tank Recap: Shed Defender, Tata Towels and Sanaia Applesauce Secure Deals
    • Hedge Funds In The US Hedge Funds In The US
    • One Ring To Rule Them All One Ring To Rule Them All
    • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates

    New Posts

    • Breaking Down Barriers — How Traditional Company Divisions Are a Thing of the Past

      Breaking Down Barriers — How Traditional Company Divisions Are a Thing of the Past

      January 19, 2021
    • Why Hiring Remote Developers Makes All The More Sense in 2021?

      Why Hiring Remote Developers Makes All The More Sense in 2021?

      January 19, 2021
    • Awesome Online Course Ideas For 2021 & How They Work

      Awesome Online Course Ideas For 2021 & How They Work

      January 19, 2021
    • How to Bounce Back From a Negative 360-degree Feedback

      How to Bounce Back From a Negative 360-degree Feedback

      January 19, 2021
    • Talk About It. Period.

      Talk About It. Period.

      January 19, 2021
    • About
    • Contact Us
    • Privacy & Policy
    • Sitemap
    • Terms of use

    Copyright © 2018 NJCEE. All Rights Reserved.