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Anchorage co-founder to US regulators: ‘What we want is clarity’

by Repost Admin October 7, 2022, 5:01 am 2k Views

There’s “15 different regulators” and “basically no clarity” when it comes to cryptocurrency regulation in the United States, according to Diogo Mónica.

Anchorage Digital co-founder and president Diogo Mónica has called for regulatory clarity in the United States, which he said remains muddy due to the politicization of Web3 technology and a lack of coordinated effort from the industry.

Speaking to Cointelegraph ahead of the company’s push into the Asian market, Mónica said there was a night-and-day difference between the regulatory experience in Singapore compared to the U.S.

“Singapore, it really is a breath of fresh air […] It’s very different to have one regulator,” Mónica said, adding regardless of the asset type it’s the Monetary Authority of Singapore (MAS), the country’s central bank, “that you interact with for everything.”

While