“I still think about Bitcoin. Until I come to some conclusion, I’m not advocating, but I’m not rejecting it either.I recall that people were also skeptical when paper money replaced gold coins. ”
Lloyd Blankfein, Goldman Sachs CEO
Bitcoin as a payment system strengthens itsposition. The advantages and capabilities of the technology are appreciated not only by the crypto community, but also by ordinary Internet users, large monopolies and entrepreneurs see it as an opportunity to expand their influence and increase profits.
At the same time, there must be clear rulesto regulate the cryptocurrency sector, which will help dispel fears that they could be used for money laundering. It is not appropriate to apply the same rules as traditional finance to the cryptocurrency market. This technology is in its infancy and to regulate it, it is not enough to simply choose from existing rules developed for other assets. There is a need to develop laws that focus on the interaction between platforms and investors so that they can protect consumers and ensure market legitimacy.
The cryptocurrency industry is very similar toInternet in 2000. When the dot-com bubble burst, only a few companies were able to survive and continue to grow. Blockchain is still at an early stage of development and is rarely used in practice. Therefore, it is necessary to support the market, as well as promote the dissemination and deep integration of blockchain technology into the economy.
