The 2020 U.S. Presidential candidate Michael Bloomberg addressed the subject of cryptocurrencies and initial coin offerings (ICO) in his recently published Financial Reform Policy. Bloomberg wants more “regulatory oversight” when it comes to this promising technology, claiming he sees “plenty of hype, fraud and criminal activity.”

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Mike Bloomberg’s 2020 Financial Reform Policy Discusses Intensifying Crypto Regulation

Michael Bloomberg, former New York City mayor and the creator of the financial news operation Bloomberg LP, recently published his Financial Reform Policy. It’s the type of policy that would be enacted if Bloomberg was elected President after the 2020 U.S. election. The nine-page document discusses how Bloomberg would tackle the American economy if he was elected and he wholeheartedly believes “finance should serve the American people.” Much like his Democratic Party counterparts, Bloomberg leans toward fixing things with a socialist…

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Source: https://news.bitcoin.com/mike-bloomberg-strict-bitcoin-regulations/