What’s News
The cryptocurrency industry has been in the sights of regulators for some time. The latest chapter of this is a battle over who gets to regulate it: the U.S. Securities and Exchange Commission (SEC) or the U.S. Commodity Futures Trading Commission (CFTC).
The SEC says that it should be the regulator because cryptocurrencies are securities. The CFTC believes cryptocurrencies are commodities. What is clear is that it is difficult to categorize cryptocurrencies because they blur the lines between traditional categories of money, stock and commodities.
SAP’s Take
Many in the technology industry are concerned about regulation, no matter who does it.
“I think it requires thoughtful regulation, and it requires regulators who really understand the space,” said Marcus Krug, head of the SAP Innovation Center Network in Berlin and Potsdam. “But then, I think regulation can actually be a good thing.”
There’s a lot of potential riding on the space. To most, cryptocurrency — a type of...
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