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US Cryptoregulation Far From Happening, Says White House Officer

Rob Joyce, a senior officer from the white house, declared that regulation of crypto coins in the USA is far from happening. He stated this at the Munich Security Conference in Germany today.
Joyce declared: “I think we’re still absolutely studying and understanding what the good ideas and bad ideas in that space are,” he said when asked about the potential for government regulation. “So, I don’t think it’s close.”
He also declared that even if it is not close, there is the need for serious regulation.”We are worried. There are benefits to the bitcoin concept — digital cash, digital currencies. But at the same time, if you look at the way bitcoin works after there is a criminal act that takes place, you can’t rewind the clock and take back that currency.”
USA has taken the stance of no regulation for crypto assets for the time being. A different approach from other nations like China that have banned cryptocurrency trading totally, or Spain, that is pushing light touch and favorable laws towards crypto coins.

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