Are Regulations making the Cryptocurrency space more centralized ?
As Cryptocurrency Regulations are becoming more and more a reality we have seen a stragetic move from Seven leading cryptocurrency companies operating out of the UK.
Crypto UK as they are called comprises of Coinbase, Etoro, Cex.io, Blockex, Commerceblock, Coinshares and Cryptocompare, a well put together group comprising of trading platforms, asset managers , merchants, exchanges, e.t.c.
The Chairman and managing director of Etoro, Iqbal Gandham stated that the trade body's mission is promoting best practice and to work with the government and regulators, emphasizing his hope that the group can develop the blueprint for what a future regulatory framework will look like.
This is a good move by Crypto Uk as the Regulators do not seem to be coming to terms with the digital era and may need a bit of guidance into what they can see as a scary change into an era that is significantly different from the one that has ruled since gold was made as a currency.
There are those who think its a bad move for example The Wolf of Wallstreet, Jordan Belfort, who openly displays his lack of love for Cryptocurrencys recently stated that regulations will be how Governments bring the end to the Cryptocurrency "Bubble". He also states that Blockchain integration into current industries will be the next big thing, just not crypto as is it too much of a threat to the Banks..............?
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