US financial authorities are going to more actively in regulating the cryptocurrency market, reaching 1.5 trillion US dollars, worrying about the absence of proper risk control for investors, writes Financial Times (FT) with reference to the acting head of the US bank regulator Michael (Michael HSU).
it expects that the country’s authorities will make joint efforts to create a “regulatory perimeter” in this matter. At the same time, it is not yet clear who exactly will assume the role of the supervisory authority.
In the US, several departments are engaged in the regulation, including the Securities and Exchange Commission (SEC), Commission for Commodity Futures (CFTC) and the Ministry of Finance.
FT notes that the inter-agency meeting on the question of cryptocurrency was previously held officials of the management of the monetary circulation controller, subordinate to Hsu, as well as the Federal Reserve System and the Federal Deposit Insurance Corporation. Discussed this question and representatives of SEC and CFTC.
CSU statement followed against the background of the continuing fall of the price of Bitcoin, including with the efforts of the Chinese authorities in the regulation of the sector. On May 27, Skepticism about Bitcoin also expressed the head of the Central Bank of Japan Haruhiko Kurod, after which the cryptocurrency was descended in price until the lowest level in the week. On May 23, the cryptocurrency lost in the price of almost half compared with the annual maximum. The highest price was celebrated on April 14: Bitcoin cost more than 64 thousand dollars.