Goldman Sachs-backed cryptocurrency startup Circle says lack of clarity from U.S. regulators about digital assets is hurting the country’s crypto market. Regulatory Ambiguity Hurting US Cryptocurrency Market In a blog post published on Thursday (May 23, 2019), Circle put forward its opinion about the current regulatory environment for cryptocurrencies in the U.S.
According to the cryptocurrency startup, uncertainties caused by conflicting signals from regulatory bodies in the country are frustrating many stakeholders.
For Circle, the major part of this frustration comes from the classification of virtual currency tokens as securities. As reported by Bitcoinist, Poloniex, a Circle-owned cryptocurrency exchange recently had to delist nine tokens for U.S. traders only.