Authorities from all around the world are looking into ways to regulate the cryptocurrency market. While some think that regulating the market is mandatory, other believe that cryptocurrencies should be banned. Well, of course this last option is not something that bitcoin investors and cryptocurrency market enthusiasts would like to see.

Cryptocurrencies should be regulated, not banned

Among the people who don't think banning cryptocurrencies is a good idea is the former chair of the US Federal Deposit Insurance Corporation, who claimed that bitcoin should be regulated, but not banned. The former chair, Sheila Bair, said that a closer monitoring might also be a good idea, but a ban is definitely not something desired.

Bair talked about the status of cryptocurrencies in an interview with CNBC. She said that this market is definitely associated with a lot of risks, as some people invest in cryptocurrencies, but don't really know what they are. She said about cryptocurrencies: