Asian Investors Call For Regulatory Clarity on Cryptocurrencies in the US
Hisashi Oki's original article for cointelegraph.com reduced by 75%
Speaking at BlockShow Asia 2019, Proof of Capital managing partner Edith Yeung called out American regulators for leaving blockchain-based ventures in the dark. Some exchanges are in fact leaving the US amid continued regulatory uncertainties. Last month, Poloniex spun out from Circle to form a new exchange that will not allow American customers to trade on its platform.
Binance also specifically established Binance US in conjunction with BAM Trading Services, an approved partner of the Financial Crimes Enforcement Network. At the same time, Yeung is cautious about rapidly changing the American regulatory environment. She simply calls for the industry to keep paying attention to the country.
Yeung invests in blockchain and AI startups through Proof of Capital, with a portfolio that includes Stellar, Nebulas, Solana, Oasis Labs, and Hooked, among others.
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