Spreading false propaganda has turned an innate character over the years for social media. Dhruv Rathee became the latest victim of agenda driven content that praises PNP coin. By lauding PNP as a regulated crypto, there’s a lot of backlash for him in plain sight by crypto community. In reality, there’s technically no clarity on regulating crypto so far. In the SEC, still Gary Genslar could establish enough evidence to categorize them as commodities. That said, one can barely think of regulations.
What’s the Matter All About?
Dhruv Rathee is a renowned YoTube star with a long list of followers. He has presented unbiased and critical commentary on topics which provide fresh perspective. However, in one of his recent videos, he claimed PNP is the world’s first regulated crypto. Citing there’s no clear narrative that can establish such a claim, it more or less looks like just an idotic crypto promotion.
At the same time, if a narrative floats that it was about a particular country where these cryptos are operational. In reality, cryptos have a ripple effect. If one country follows suit, the other will toe in line. Hence false propagandas at the cost of simply stacking cash must be checked.
Current State of Regulation
As per WEF, there hasn’t been a clear outline on regulating the cryptocurrencies. Nevertheless, until and unless a standardized regulation mechanism isn’t set, it will be hard to enforce laws. Some countries may have an agenda of protecting consumers. Whereas, some of the country may have gone for checking money laundering practices. Until and unless clarity in objective is established which is standard across the globe, crypto would be hard to regulate.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.