Brace my friends brace, crypto regulation is coming in March
In the past week in Davos, World leaders have met to discuss a multitude of subjects, economy of course, finance and monetary policy, a subject that is clearly needed to be reviewed, social matters such as inequality of wealth (stats are getting scarier and scarier), but also touching upon regulation and what should be done in respect to cryptocurrencies.
It’s a subject that draws my attention, I am a big fan of this revolution! Hence I always keep an eye out for what are the next developments. In fact more and more people have been talking about regulation in the crypto space, here is what I’ve learned recently and I think people invested or just interested should be aware of such event.
During Davos’ WEF (World Economic Forum) economists such as Monsieur Coeuré (European Central Bank Executive Board member) said, in respect to cryptocurrencies:
“Let’s act on the risks and that’s about regulation”
“The international community is kind of shaping, gathering and preparing an answer to that and I will expect for instance a G-20 discussion in Buenos Aires in March to focus very much on these issues with a regulatory answer.”
“the international community needs to find a way to understand and control these gateways between the shadow currency universe and the regular financial system”
He actually did not sound so bear, in fact he recognizes how cryptocurrencies offer better cross border payments and that this would be good for financial development and financial inclusion. The crypto revolution could actually force the current system to upgrade, when this will happen is hard to tell, but it does seem to be happening relatively soon.
So what’s my conclusion?
Regulation is coming, brace for it my friends, surely it will hit the crypto market with some volatility, but ultimately I am confident that whatever the globalist leaders will decide, regulation may actually be a positive, the revolution cannot be stopped and they know it.
Most importantly, what do you think?
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