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RE: This is why digital currencies need a self-regulating organization

in #bitshares7 years ago

Quite interesting. I will need to follow up and read that article in full, but it sounds familiar to what we do in the CPA profession in the US, to which I belong. Or at least that is what the CPA profession has tried to accomplish.

In essence, we are self-regulating - which works sometimes and fails spectacularly other times. But it manages to keep the SEC out of the lion share of our overall rule-making and business practices in areas that are clearly outside of SEC regulatory control.

At least I have the choice to do work outside of the reach of the SEC. And I definitely and intentionally make that choice.

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You've done your homework.