© Reuters
Investing.com – CEOs of several major crypto companies say regulators are beginning to take a more positive approach to digital currencies. went from “negative” to “positive”.
However, the crypto world still has a long way to go before it becomes widely accepted. And the fate of the industry largely depends on the approaches that will be adopted by the various global regulators.
Cryptos still in the grip of regulations
On the one hand, governments want to encourage innovation around financial markets, but they are also cautious about the abuses of the sector, including money laundering and other illegal transactions. The environmental impact of mining, which consumes a lot of energy, is also a cause for concern.
The UK government announced last week that it would integrate stablecoins into the local payments regime. The Blockchain.com co-founder explains that the UK could play an important role. “The UK could be a dark horse in this whole situation.”
In the United States, President Joe Biden recently signed an executive order calling for government coordination on digital assets. “I think they’re starting to take it seriously, but I don’t think they have a warm feeling about it,” said Tezos co-founder Arthur Breitman. has also had many problems with the SEC during its activity, whose aggressive attitude pushes companies towards other jurisdictions.
France, meanwhile, is “very progressive and very welcoming towards cryptocurrencies,” Binance’s Zhao said. “They are much more advanced in their understanding.” The crypto exchange will also have a regional headquarters in Paris.