‘’Clear regulatory framework’’ for crypto proposed by US presidential contender Michael Bloomberg

In the last Bloomberg's campaign of financial reform plan was for greater consumer protection measures and a tough and stronger financial system. This proposal strongly suggests the financial institutions to observe and monitor risk wideness, note down all transactions on a centralized database, protecting and strengthening the consumer financial protection bureau and other suggestions. This proposal also welcomes a regulatory sandbox for startups and gives a clear regulatory framework of cryptocurrencies.