There has been growing concern in the UK about the lack of regulation surrounding cryptocurrencies and the potential risks this poses for investors. As a result, a global markets watchdog has now urged the UK government to regulate cryptocurrencies in the same way as stocks and bonds.
As more developments on this news are slowly coming in, Tradecurve is also taking the crypto spotlight with countless traders flocking to its presale that has already sold millions of tokens and recently saw a 50% increase. Keep on reading to find out why.
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Summary
- The UK could regulate cryptos in the same way as stocks and bonds.
- Suggestions from Iosco are predicted to be completed by the end of 2023.
- Tradecurve (TCRV) seen as a sensation among global traders
Iosco suggests the UK should regulate cryptos like stocks and bonds
According to a statement made by the UK Parliament on Wednesday, the Treasury Committee has asked for consumer trading in cryptocurrencies to be regulated as gambling.
After this statement, the International Organization of Securities Commissions (Iosco), an umbrella organization of regulators representing 130 nations, made a new suggestion as a part of the initial worldwide crypto regulatory guidelines.
Iosco stated that its members should safeguard buyers and guarantee market credibility in ways that are the same as, or consistent with, those required in traditional financial markets, such as stocks and bonds.
This includes mandating trading platforms be upfront about how they assess cryptocurrency assets before enabling them to be traded, to be specific about how they keep and protect customers cryptocurrency assets, and to make sure they are kept apart from any assets owned by the business that may be used for exclusive trading.
However, the UK government has the last say in how cryptocurrencies are governed there. The suggestions from Iosco, which are now available for review, are anticipated to be completed by December 2023.
Traders flock to the Tradecurve presale due to high-growth potential
Tradecurve will fundamentally alter the online trading industry by creating a hybrid trading platform that does not require sign-up KYC checks or FIAT payments but provides all derivatives on one account.
This project has been a major success with countless individuals gravitating towards it which can be seen as millions of tokens have been sold already while its price has increased 20%.
Tradecurve is one of the few trading platforms that will accept cryptocurrency deposits or use them as collateral for derivative trading. With cutting-edge trading tools, high leverage, and affordable trading costs, Tradecurve will rival well-established players such as Binance and Coinbase, which solely deal in cryptocurrencies while not providing the same private and anonymous trading experience that Tradecurve will deliver.
Tradecurve offers high-leverage trading starting at 500:1, allowing trading with modest balances, despite legislation in many countries making access to leveraged trading products more difficult. Not only that, but Tradecurve will also allow users to subscribe to automated trading & artificial intelligence (AI) bots which will drastically aid their trading journey.
Holding its utility token, TCRV is the key to obtaining discounts on subscription fees, governance voting rights, and passive income through staking. Currently, one TCRV costs just $0.015, but more price hikes are expected.
Since the presale is in Stage 3, experts predict a 50x increase as the presale advances since its long-term growth potential is immense. When the TCRV token launches on Uniswap or another major Tier-1 CEX experts predict a 100x increase.
Tradecurve has passed the KYC check by Assure DeFi, and the smart contract has undergone a thorough audit by Cyberscope – both of which found Tradecurve 100% secure, so follow the links below and sign up for the TCRV presale now to obtain a 25% deposit bonus.
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