FRANKFURT : Germany's top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability.
"We've seen the self-regulated world. It will not work," Branson told journalists in Frankfurt on Tuesday evening. Branson said a"crypto spring" may follow what has been a"crypto winter" but that the industry that emerges is likely to have more links with traditional finance, further increasing the need for regulation."The most important point is that it doesn't need just a European solution. It needs a worldwide solution."Germany requires licences for banks to deal with cryptocurrency.
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