Crypto firms call for global consensus instead of 'fire hose' of rules

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Crypto firms call for global consensus instead of 'fire hose' of rules
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LONDON : A 'fire hose' of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday.The European Union has finalised the world's first comprehensive rules for cryptoasset markets,

LONDON : A"fire hose" of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday.

"It's really commendable that Europe was able to get that done so quickly," Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, told a Financial Times conference. "We are drinking from a veritable fire hose right now of regulatory proposals, and that's all over the world," Gustavsson said.

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