- Further regulations are not needed.
- Main issue are ICO's and scams.
- One chairman sees crypto as a store of value and even used the term HODL.
- A senator also mentioned that banks make 80+ violations in the recent months.
- Some dude said: "We must crack down hard on thise who abuse our young enthusiasm for the bitcoin and blockchain technology.
I says this is some serious positive news after all the FUD.
It would be interesting to see how they (government) will fix or provide solutions to stop banks from abusing their clients in those 80+ violations. And also how the ICO's can be regulated? perhaps they do not need regulation at all?? that would make us go back again to traditional centralized systems! but the government's challenges will be how to utilize blockchain technology to provide solutions and fix all the mistakes banks and the same government still have in our current financial system.
Governments have no interest at all to stop banks from abusing their clients. In fact. governments are part of the game and they (governments) will bail out banks regardless odf the mess they make and regardless of how they abuse their customers.