European cryptocurrency brokers are confronting regulators head-on, saying bring on the transparency. Digital currency brokers would rather face clear-cut rules and greater transparency in the market than battle the stigma that they have anything to do with fraudulent activity in cryptocurrency trading, according to a recent article in Bloomberg.
It’s a sign of market maturity to see bitcoin exchanges like London-based eToro and Austra’s Bitpanda proactively engaging with regulators for greater oversight. They believe policy like know-your-customer (KYC) regulation that is enforced in the United States would legitimize the market for investors who till now have remained sidelined, including mainstream and institutional investors.
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