ERC exchange founder says that blockchain regulations will legitimize the bitcoin ecosystem

The regulations can help bring legitimacy to the Crypto ecosystem that says ERC dEX Founder

While many people in the Blockchain ecosystem are rejecting regulations around the world, Founder of ERC dex David Aktray it is of a contrary view. "The hammer will come down in 2019," he says.

David Aktary says exchange traders should get the message that "the SEC is taking all the cryptocurrency exchanges (registered and unregistered) seriously and everyone should get in line". For its part, it states that ERC dEX is actively engaged in the process of implementing KYC and AML for some time.

"We have worked with a registered FINRA Broker-Dealer / ATS to be able to list the titles accordingly," he says. "Many of our competitors believe that, being non-custodial, they are immune to enforcement.I think the action against EtherDelta proves that the position is wrong."

He suggests that providing KYC compliance will allow his exchange to host large cryptographic funds wishing to trade on the platform; create more liquid markets for the benefit of all users of the exchange. Aktary suggests that compliance policies will open the market to a larger group of players.

"Many, if not most, institutional funds simply do not use a platform that is not compliant because those funds have their own compliance policies to be met, they also have limited partners who must be able to ensure that they do not trade with actors This can not happen without the certainty that all their counterparts have passed through KYC / AML.What is exciting is that the implementation of KYC / AML means that in the DEX space a whole new range can be formed. large pools of liquidity that we have not yet seen, "he says.

He was closely observing the regulations at the state level. He noted that Wyoming amended some of its laws to attract encrypted businesses. Although this does not protect the issuer or the company from the "rage of the federal government". For him, all this looks a bit like the problem of legalizing marijuana.

Regulation D allows small businesses to promote capital through the sale of equity or debt securities without being registered with the SEC. Reg CF allows private companies to raise up to $ 1 million from US adopters through platforms such as Kickstarter and GoFundMe.

"Issuers are starting to" play ball "by issuing tokens according to regulations such as regulation D and CF. Trade is also catching up at this point, so that when Reg D issues are out of their lock-in period up, they will have a registered office on which to trade, "he says.