Hello guys!
I have a question relating to cryptos speculation and regulatory system. Let me explain.
If I want to create a society which has the scope to take money (fiat) from people and invest it in ETF, Stocks, Forex etc, I need to be a broker (intended as a qualified person recognized by the law and allowed to do that). If I am NOT a broker, I am breaking the law. Correct?
What if I do the same with cryptos? I mean: people send me bitcoin or whatever to be invested because they trust that I can make their money grows. Am I allowed to do that although I am not a broker? How is the system regulated?
Please, it is not related to trust, risk, volatility of cryptos, impossible-to-do-that-because-nobody-knows-how-the-market-will-behave. It is just a doubt I have in terms of regulations. Can you help me to understand, please??
Thanks a lot
Topic: Trading advisory - Regulatory system (Read 112 times)
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