The head of Italian stock market regulator Consob, Paolo Savona, thinks that if cryptocurrencies are not regulated then it will cause problems and may bring damage to the way the market works.
The head of the Dutch regulator CPB made a statement that Bitcoin needs be banned.
Paolo Savona believes that digital currencies in Italy should be regulated. They are not good for money if they are not regulated.
Without regulation, the cryptocurrency market could be more difficult for people to understand. Without rules or laws, it is not fair to any of the other people in the market who want to do things right.
The head of the watchdog made these statements during the presentation of the Consob’s yearly report today.
As reported by U.Today previously, Pieter Hasekamp, director of the Dutch Central Planning Bureau (CPB) has suggested banning Bitcoin and other cryptocurrencies in the country.