Why Life Under Bitcoin Regulation Will Be Worse Than Investors Think
Fewer startups. A drain of top talent. Jobs and opportunities pushed overseas. These are the nightmare outcomes that Atlantic Financial founder, 20-year Wall Street veteran and Bitcoin Financial Association member Bruce Fenton believes could befall the bitcoin industry, should US lawmakers heed calls for regulation from the bitcoin community. Having worked under the conditions imposed by traditional financial regulation, Fenton offers an insider's account of how detrimental these policies could be for bitcoin's growth and ultimate longevity. "[The traditional financial system has] seen....
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India’s Minister of Finance, Nirmala Sitharaman, gives a vague response when asked about crypto regulation. To make matters worse, she repeats previous comments made about windows of experimentation. After much back and forth on the matter, Indian investors are none the wiser regarding the future of cryptocurrency. Will They Or Won’t They? Indian authorities have […]
Experienced investors know how to survive, Christopher Waller reasons, but there can be wide repercussions when small investors are hit with losses. Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board Governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing financial products need public confidence to survive.The banking official....
"Apart from having a good wife, I have everything I need in life, and money is not going to get me more of what I need." For someone who devotes so much of his life to Bitcoin and finance and who has made and lost a small fortune twice now podcaster Peter McCormack doesn’t actually seem to care that much for money.“I did have a lot of money in my life a couple of times,” says the 42 year old on a call from his home in Bedford. “But the wealthiest time of my life was the most miserable. I had a company in London that turned over three million a year. Big team. Money in the bank, good....
Two experts have said they welcome South Africa’s planned regulation of cryptocurrency but warned this should not scare away investors. If the regulation is balanced between the need to protect investors and stimulating interest in crypto investment, this “could see funds stream into South Africa while growing the country’s burgeoning crypto ecosystem.” Crypto as a Financial Product South Africa’s impending cryptocurrency regulations as well as the central bank’s decision to regulate cryptocurrency as a financial product is welcome as long as this....
Day one of Coin Congress, held at the Hilton Hotel Union Square in San Francisco, brought together familiar faces from the cryptocurrency industry to offer new perspectives and teachable moments on a variety of hot topics. However, as at last weekend's The North American Bitcoin Conference in Chicago, here too discussion related to the New York Department of Financial Services' (NYDFS) proposed plans for regulating digital currencies dominated the proceedings. The subject provided fuel for divergent opinions, as lawyers, investors and startup members all voiced differing thoughts regarding....