Topic: Morgan Stanley Research: Defined Regulations Main Factor For Crypto Exchanges Wh (Read 126 times)
April 30, 2018, 08:13:59 AM
South Korea has more valume than the US? Seriously? Is this in amount of users or coins being moved?
April 30, 2018, 08:12:23 AM
I do believe that Morgan Stanley's research is very helpful. It provides us with good statistical data and analysis that allows us to visualize how the cryptocurrency exchanges by placing the rank of an exchange versus the trading volume that it makes. Moreover, I also agree that a more lenient and attractive regulations are what the cryptocurrency market needs. Super strict regulations is not healthy to exchanges and it may cause a shutdown but a well defined regulations will not only strengthen the market but also increases the number of users and businesses accepting it.
April 30, 2018, 08:05:02 AM
Among other notable finds made by Morgan Stanley’s team is the fact that the United Kingdom, despite being the country that currently hosts the largest number of exchanges, only accounts for one percent of the global trading volume.
Which exchanges are in the UK? Maybe volume is so low because no-one even knows these exchanges exist?
April 30, 2018, 07:59:59 AM
From:https://t.me/tradecoinvipvip
A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges.
The top five countries by crypto trade volume are, in order, Malta, Belize, Seychelles, the US and South Korea, whereas the countries that are home to the largest number of exchanges are the UK, Hong Kong, USA, Singapore and Turkey.
One of the study’s primary discoveries was a discrepancy evident in the data from Malta and Belize - the two countries are the first and second in the world by trade volume but only 22nd and 24th by the number of registered companies respectively.
According to the researchers, this seeming contradiction is explained by the fact that these relatively small countries actually host the two largest exchanges by trading volume. Binance moved from Hong Kong to Malta after promising to do so in March of this year and OKEx, currently the second biggest exchange as per Coinmarketcap data, is officially registered in Belize. Shah commented:
"The largest exchange called Binance announced intentions to set up headquarters there, so if we take that company out, Malta would be much further down the list."
Among other notable finds made by Morgan Stanley’s team is the fact that the United Kingdom, despite being the country that currently hosts the largest number of exchanges, only accounts for one percent of the global trading volume.
Overall, Shah concluded that the favorableness of local crypto business regulations is one of the main factors taken into account by crypto exchanges when deciding what country to register in. She added that in order to be attractive, a particular regulatory framework doesn’t necessarily have to be lenient but rather well-defined, because that means that the exchanges “know what to expect” and can “plan for the future.”
"Defined but also attractive regulation makes an exchange decide to choose one country over another - a set of laws for companies to follow when handling digital tokens, customer assets, AML policies, taxes, etc. Regulatory certainty is part of the attractiveness for the companies so they can plan for the future as they know what to expect. Low taxes are a benefit."
This assumption is in line with the experience of Malta, whose government has recently announced that it is adopting a favorable stance towards cryptocurrency businesses. Morgan Stanley’s research has provided apparent evidence that Malta’s active development of a thought-out legal framework is now bearing expected fruit.
regulation is absolutely crucial for institutional money to pour in crypto industry, there is no doubt about it. I can't wait for general rules to be layed out, it will mean a lot for the whole economy
April 30, 2018, 06:56:56 AM
The top five countries by crypto trade volume are, in order, Malta, Belize, Seychelles, the US and South Korea
How the hell are Seychelles on this list?
anyone tell me what exchange are in Seychelles? and why Japan does not appear on this list?whereas the countries that are home to the largest number of exchanges are the UK, Hong Kong, USA, Singapore and Turkey.
" the largest number of exchanges are the UK "
should also include Panama on this list
"Defined but also attractive regulation makes an exchange decide to choose one country over another - a set of laws for companies to follow when handling digital tokens, customer assets, AML policies, taxes, etc. Regulatory certainty is part of the attractiveness for the companies so they can plan for the future as they know what to expect. Low taxes are a benefit."
open an exchange is a very difficult task and a great investment, so it is more natural that the owner of the exchange wants to feel more secure, has profits and has clear rules on the part of the government, of course I'm talking about exchange would be that want to open physical office and do not be anonymous
April 30, 2018, 06:30:32 AM
Of course, the issue of legislative regulation of crypto-exchange is overdue. I think we can agree with Morgan Stanley's assessment that this is an important factor in the development of crypto-currencies.
April 30, 2018, 05:39:50 AM
From:https://t.me/tradecoinvipvip
A team of Morgan Stanley researchers, led by analyst Sheena Shah, has conducted a study on the distribution of cryptocurrency exchanges and crypto trading volume across all countries, based on volume data from Coinmarketcap and company registration info listed on the websites of the respective exchanges.
The top five countries by crypto trade volume are, in order, Malta, Belize, Seychelles, the US and South Korea, whereas the countries that are home to the largest number of exchanges are the UK, Hong Kong, USA, Singapore and Turkey.
One of the study’s primary discoveries was a discrepancy evident in the data from Malta and Belize - the two countries are the first and second in the world by trade volume but only 22nd and 24th by the number of registered companies respectively.
According to the researchers, this seeming contradiction is explained by the fact that these relatively small countries actually host the two largest exchanges by trading volume. Binance moved from Hong Kong to Malta after promising to do so in March of this year and OKEx, currently the second biggest exchange as per Coinmarketcap data, is officially registered in Belize. Shah commented:
"The largest exchange called Binance announced intentions to set up headquarters there, so if we take that company out, Malta would be much further down the list."
Among other notable finds made by Morgan Stanley’s team is the fact that the United Kingdom, despite being the country that currently hosts the largest number of exchanges, only accounts for one percent of the global trading volume.
Overall, Shah concluded that the favorableness of local crypto business regulations is one of the main factors taken into account by crypto exchanges when deciding what country to register in. She added that in order to be attractive, a particular regulatory framework doesn’t necessarily have to be lenient but rather well-defined, because that means that the exchanges “know what to expect” and can “plan for the future.”
"Defined but also attractive regulation makes an exchange decide to choose one country over another - a set of laws for companies to follow when handling digital tokens, customer assets, AML policies, taxes, etc. Regulatory certainty is part of the attractiveness for the companies so they can plan for the future as they know what to expect. Low taxes are a benefit."
This assumption is in line with the experience of Malta, whose government has recently announced that it is adopting a favorable stance towards cryptocurrency businesses. Morgan Stanley’s research has provided apparent evidence that Malta’s active development of a thought-out legal framework is now bearing expected fruit.
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