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How Grey Areas in Regulation Law Could be Hindering Cryptocurrency Industry Growth

  by David Drake     With the tremendous growth of the cryptocurrency industry in recent years, some undesired outcomes have been registered. These include instances of fraud that have become rife as  unscrupulous industry players take advantage of investors’ hard-earned cash. A report by the Federal Trade Commission shows that in the first two months of this year, investors lost up to $532 million in crypto-related fraud. The report further projected that investors would lose $3 billion by the end of 2018.   As part of consumer protection efforts, several tech companies, including Google and Facebook banned cryptocurrency adverts early this year. This announcement ignited an uproar from stakeholders because it reduced promotion options for genuine players. But, six months into the ban, tech companies have made a dramatic turn. Facebook and Google have already announced a reverse on sections of their blanket ban. Regulated Exchanges In the new advertising ... Read More »

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