7/28, 2:35 PM (Source: TeleTrader)
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Crypto regulation will boost investor confidence - Warren

United States Senator Elizabeth Warren stated on Wednesday that regulating cryptocurrency markets would give people "a lot of confidence" to invest safely in that market.

Warren asserted that an unregulated market is ultimately detrimental to "individual investors and taxpayers," expressing concern that the crypto market has the potential for a lot of fraud. Moreover, she noted that regulation would ensure that everyone can participate in trading cryptocurrencies, not just the big investment banks and funds, saying that she didn't want to wait for small investors traders to be "completely wiped out."

Warren also commented on a potential digital currency, saying that it has the potential to help people that are unbanked or underbanked get into the financial system, due to the low costs of transactions.

Breaking the News / OL