By Alicia Maher
Some months back, authorities in various countries disclosed that they are starting to consider the regulation of the cryptocurrency industry, including crypto exchanges and mining companies
It would seem that recent events have shown that they are silently implementing the crypto regulations. Top examples include news of regulators stopping the operations of Binance and some US congressmen submitting crypto regulation proposals to congress.
Currency.Com Embraces Crypto Policies
However, one crypto trading platform has revealed that it won’t mind any crypto policies. The CEO of Currency.com, a US-based crypto trading platform, Steve Gregory, told news media today that his company’s laws were developed with authorities’ crypto policies in mind.
“When we launched Currency.com and decided to spread to other locations, our target areas were places where there are clear crypto policies in place. Thus, we obtained an operating license for European and oceanic region countries. Hence, if the US should promulgate its crypto policies, we would get our license and expand our operations there,” he remarked.
Despite having its headquarters in Belarus, Currency.com is one of the fastest-growing crypto exchanges within the industry. It has already expanded into 184 countries and plans to expand into the US market before the year runs out.
Steve Gregory Has The Requisite Experience
Currency.com hired Gregory a few months ago to head the firm and expand its operations into the US market. He is a thoroughbred professional in the virtual asset space with more than ten years of experience in law practice with top legal firms.
Before becoming the CEO of Currency.com, Gregory had previously worked as the chief compliance officer at crypto exchanges CEX.IO and Gemini. He was also highly instrumental in bringing the latter’s operations into the US market.
Gregory said, “I have a background in crypto exchanges’ approval process known as the money transmitter license in the US. This is the process for most exchanges’ approval. I have helped two exchanges navigate this process; this would be my third time. While there are a few changes because it’s a combination of state laws, some parts of this process remain the same.”
A Less Regulatory Approval Process Is Better
However, the experienced legal expert and administrator opined that fewer regulatory processes would be better for greater mass adoption of the crypto industry compared to the current situation of attempting to patch different policies from different states. “A general crypto policy from the federal government will ease the regulatory process and enhance greater mass adoption.” Gregory further revealed.
According to him, Currency.com isn’t limited to crypto offerings. Their investment services span into other areas like commodities, top stock indices, government bonds, and securities. Also, the firm plans to have up to 10,000 investment offerings despite having less than 2,000 at the moment.
While these offerings will undoubtedly provide greater opportunities for investors, they will also come with regulatory approval challenges. However, Gregory clarified that their current license makes the firm eligible to offer some of their current investment offerings.